Asked by Deneatra Caesar on Jun 19, 2024
Verified
__________ refers to an organisation's obligation to act in ways that serve its own interests as well as those of its many external stakeholders.
A) Corporate social responsibility
B) A formal policy statement
C) A code of ethics
D) A moral code
E) Public accountability
Corporate Social Responsibility
A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.
Formal Policy Statement
A documented declaration of an organization's intent, rules, and procedures intended to guide operations and decisions.
Public Accountability
The obligation of public officials, corporations, and organizations to be answerable to the public and to their actions' impacts on society.
- Scrutinize the correlation between societal duty and financial results.
Verified Answer
Learning Objectives
- Scrutinize the correlation between societal duty and financial results.
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