Asked by Güney Güne? on May 26, 2024
Verified
According to the theory of corporate social responsibility, any decision by corporate management should consider how an action affects the firm's
A) officers and employees only.
B) officers, shareholders, suppliers, customers, and community.
C) shareholders only.
D) profit only.
Corporate Social Responsibility
Business practices involving initiatives that benefit society and the environment beyond profit-seeking motives.
Officers
In the context of corporations, officers are high-ranking individuals appointed to manage the day-to-day operations and make executive decisions on behalf of the company.
Shareholders
Individuals or entities that own shares in a corporation, thus having a stake in the company's equity and potentially influencing its governance.
- Evaluate business decisions through the lens of corporate social responsibility considering all stakeholders.
Verified Answer
Learning Objectives
- Evaluate business decisions through the lens of corporate social responsibility considering all stakeholders.
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