Asked by Klaudia Kuzia on May 20, 2024
Verified
In order for an organization to become socially responsible, it must first become financially sound. This statement reflects which level of corporate social responsibility?
A) economic
B) legal
C) ethical
D) discretionary
Corporate Social Responsibility
A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.
Financially Sound
A term describing the state of having strong financial health and stability, often characterized by good cash flow, low debt, and strong profitability.
Economic
Pertaining to the production, consumption, and transfer of wealth within a society or region.
- Outline the concepts and levels of corporate social responsibility (CSR).
Verified Answer
Learning Objectives
- Outline the concepts and levels of corporate social responsibility (CSR).
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