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The correct option is Option A. As part of corporate social responsibility, companies should disclose less information about product-related risks Explanation Information on a company's policies, aspirations, and actions toward the community, customers, environment, and employees is known as CSR disclosure. So, CSR provides for the disclosure of product-related risk information. Wrong Option B.A firm must first be accountable to itself and its shareholders before it can be socially responsible. According to the CSR principle, a company has obligations to both internal and external stakeholders as well as shareholders, owners, and other societal groups. Therefore, it must consider the needs of all stakeholders when making decisions C.The Corporate Social Responsibility (CSR) actions of a company demonstrate its dedication to acting ethically and involve commitments that may go above and beyond any legal requirements. D.Businesses engage in CSR willingly because it enhances how customers see your brand and help you recruit and keep talent. Consequently, it encompasses voluntary activity as well as legal action. Rationale: Statement (i) is incorrect, because there is no such 'guarantee'; statement (ii) because it is not necessarily so, and statement (iv) because other organisations (eg charities, government bodies) are often more concerned with social responsibility than businesses.Ways in: It is always worth checking to see if logic helps. Words like 'guarantee' often signal an untrue statement, becausethey make such extreme claims. And if statement (i)
is therefore incorrect, you've halved your options. It should then be obvious that (iv) is incorrect (if you think about a hospital, say). Question 5 of 205.0/ 5.0 PointsWhich of the following statements is true about corporate social responsibility?A. Businesses should monitor and prevent social problems in advance of their becoming major issues.B. A company should seek maximum profits from its operations in order to provide the best for society.C. Corporations should be accountable for any actions that affect people, their communities, and theenvironment.D. Both A and C, but not B Question 6 of 205.0/ 5.0 PointsWhich of the following examples does NOT show a company guided by enlightened self-interest? Get answer to your question and much more Question 7 of 205.0/ 5.0 PointsReason(s) for adopting an enlightened self-interest approach is (are): Get answer to your question and much more Question 8 of 205.0/ 5.0 PointsPhilanthropic funding and public relations are two examples of which corporate social responsibility? Get answer to your question and much more 19. Which of the following statements is true about corporate social responsibility? A. Businesses should monitor and prevent social problems in advance of their becomingmajor issues.B. A company should seek maximum profits from its operations in order to provide the best for society.C. Corporations should be accountable for any actions that affect people, their communities, and the environment.D. Both A and C, but not B.  Uploaded by: erontu Step-by-step answera macinia pulvi sque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsumm ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec fa Subscribe to view the full answerWhy Join Course Hero?Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.
Which of the following statement is true for corporate social responsibility?Which of the following statements is true of corporate social responsibility (CSR)? It is demonstrated by companies that consider their relationship to the society in which they operate.
What are the 4 corporate social responsibility?The four main types of corporate social responsibility are environmental responsibility, ethical responsibility, philanthropic responsibility, and economic responsibility. However, companies can also consider different forms of CSR; such as diversity, inclusion, wellbeing, and employee engagement.
Which of the following definitions of corporate social responsibility CSR is correct?Corporate Social Responsibility (CSR) is the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions.
What are the three 3 basic principles of corporate social responsibility?It is therefore imperative to be able to identify such activity and we take the view that there are three basic principles which together comprise all CSR activity. These are: Sustainability; • Accountability; • Transparency.
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Which of the following statements is true about corporate social responsibility
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