Asked by shelby hulka on Jul 13, 2024
Verified
The ten ethical principles of corporate social responsibility call for which approach to profits?
A) Profitability is the top priority
B) Make only a reasonable profit
C) Profit making is the lowest priority
D) Maximize profits subject to legal and market constraints
E) Donate all your profits to charity
Corporate Social Responsibility
The commitment of a business to contribute to sustainable economic development by working with employees, their families, the local community, and society to improve quality of life in a way that is beneficial for both the business and development.
Legal Constraints
Restrictions imposed by laws and regulations that dictate how a business can operate.
Profit Making
The primary goal of businesses, which involves generating revenue that exceeds the costs of operating, leading to financial gain.
- Examine the principles of corporate social responsibility (CSR) and ethical business practices.
Verified Answer
Learning Objectives
- Examine the principles of corporate social responsibility (CSR) and ethical business practices.
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