Asked by Chris Milano on May 08, 2024
Verified
Corporate social responsibility focuses not only on the impact of a company's operations on society but also on improving social well-being within and outside of the firm.
Social Well-being
A state where individuals and communities experience prosperity, health, and happiness, fostering a supportive and cooperative society.
- Perceive the significance and responsibility of corporate social responsibility (CSR) in modern-day business affairs.
Verified Answer
TW
Thomas WallaceMay 14, 2024
Final Answer :
True
Explanation :
Corporate social responsibility (CSR) indeed encompasses efforts by companies to conduct their business in an ethical manner, taking into account their impact on society, the environment, and the economy, while also working to improve the social well-being of their employees, communities, and society at large.
Learning Objectives
- Perceive the significance and responsibility of corporate social responsibility (CSR) in modern-day business affairs.
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