Asked by Britney Xiong on May 01, 2024
Verified
Which of the following statements best represents when an organization can begin to focus on its discretionary or philanthropic responsibilities?
A) An organization should pursue discretionary responsibility even when it is not meeting its economic requirements.
B) An organization should pursue discretionary responsibility after it meets its economic, legal, and ethical responsibilities.
C) An organization should pursue discretionary responsibility as long as it is meeting its economic requirements.
D) An organization should pursue discretionary responsibility above legal responsibility.
Discretionary Responsibility
The ethical or societal obligation of a company to make decisions and take actions that will benefit the interests of society as well as the organization.
Corporate Social Responsibility
The practice of businesses taking responsibility for their impact on society and the environment, beyond regulatory compliance and profit-making.
Economic Requirements
The financial needs or conditions necessary to sustain or initiate a business, project, or standard of living.
- Expound on the notions and layers of corporate social responsibility (CSR).
Verified Answer
Learning Objectives
- Expound on the notions and layers of corporate social responsibility (CSR).
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