Asked by Jahsiah Colon on May 13, 2024
Verified
The main focus of corporate social responsibility is singular and that is the responsibility of the company to make a profit for the shareholders.
Corporate Social Responsibility
The commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.
Shareholders
Individuals or entities that own shares of stock in a corporation, giving them a stake in the company's ownership, profits, and decisions.
Profit
The profit achieved when the revenue from a business activity surpasses all associated expenses, costs, and taxes required for that activity.
- Comprehend the expansive duties of businesses that extend past the sole aim of financial gain, to include groups such as shareholders, employees, patrons, society at large, and the trading sphere.
Verified Answer
KW
Kindsey WillisMay 15, 2024
Final Answer :
False
Explanation :
The main focus of corporate social responsibility is not solely profit-making for shareholders. It also involves considering the impact of the company's operations on society and the environment, and taking actions to address any negative effects.
Learning Objectives
- Comprehend the expansive duties of businesses that extend past the sole aim of financial gain, to include groups such as shareholders, employees, patrons, society at large, and the trading sphere.