What are an Organization's Ethical Responsibilities under CSR?

The video discusses the ethical and moral responsibilities of organizations towards various stakeholders, including employees, customers, suppliers, communities, and investors. It emphasizes fairness, equity, and respect for human rights, highlighting the importance of transparency, fair trade, and sustainability. Organizations must adhere to ethical standards to ensure proper corporate social responsibility and maintain trust with all stakeholders.

What is the primary focus of an organization's ethical and moral responsibilities?

• Maximizing profits

• Ensuring fairness, equity, and respect for human rights

• Reducing operational costs

• Expanding market share

Which of the following is NOT a part of ethical treatment of employees?

• Ensuring employee health and safety

• Maximizing employee workload

• Offering equal opportunities

• Providing a living wage

What is essential for fair treatment of customers?

• Focusing solely on product durability

• Providing clear and transparent information

• Ignoring customer complaints

• Offering discounts to select groups

What does fairness in the supply chain include?

• Ignoring supplier code of conduct

• Delaying payments to suppliers

• Supporting large corporations only

• Providing financing for suppliers' capital investments

Which of the following is a responsibility towards local communities?

• Reducing health and safety measures

• Ignoring industrial hazards

• Proper disposal of commercial waste

• Increasing noise and nuisance

What should organizations avoid to protect investors?

• Ensuring financial mismanagement

• Hiding financial risks

• Providing transparent financial reports

• Engaging in corrupt practices

Why is it important for organizations to consider their stakeholders?

• To focus solely on profit generation

• To reduce employee benefits

• To increase their market value

• To ensure sustainability and corporate social responsibility