alleryStart learning →Corporate social responsibility is the concern of businesses for what?
AThe welfare of society as a whole
BThe return earned by their shareholders
CThe wages paid to their own employees
DThe reputation of their industry body
Answer & Solution
Correct answer: A. The welfare of society as a whole
1. Corporate social responsibility is the concern of businesses for the welfare of society as a whole.
2. Acting ethically is one of the four components of the pyramid of corporate social responsibility.
3. Shareholder returns, wages, and industry reputation are narrower concerns that sit inside this broader one.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 2 "Making Ethical Decisions and Managing a Socially Responsible Business", section 2.3 Managing a Socially Responsible Business_
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