What is the economic model of corporate social responsibility CSR
The philanthropic perspective of the economic model maintains that businesses are not required to make a specific financial contribution to social causes. The economic model of corporate social responsibility (CSR) maintains that businesses should integrate social and economic goals.
Which of the following statements is true about the pyramid model of corporate social responsibility quizlet
According to the pyramid model of corporate social responsibility, a companys economic responsibility serves as the cornerstone for all of its other responsibilities.
Which of the following statements is true of the common view of corporate social responsibility CSR
The common understanding of corporate social responsibility (CSR) holds that the main duty of managers is to serve shareholders, which of the following statements is accurate?
What are the two ethical justifications for the economic model of corporate social responsibility
The utilitarian and individual rights or private property defenses are the two ethical justifications for the economic model.
Does economic model of social responsibility emphasize profits
The socioeconomic model of social responsibility emphasizes the impact of business decisions on society, while the economic model of social responsibility emphasizes profits.
Which of the following is a model of CSR
The model (Figure 1a) states that total CSR is made up of four different types of social responsibilities: philanthropic (“be a good corporate citizen”), legal (“make profit”), ethical (“be ethical”), and legal (“obey the law”). Feb. 28, 2008
Which of the following best describes corporate social responsibility
Answer: b. A companys social responsibility to consider the effects of its decisions on the environment and society in addition to legal and economic requirements.
What is a socially responsible action
According to the ethical theory of social responsibility, people are responsible for carrying out their civic responsibilities and their actions must benefit all of society. This way, there must be a balance between economic growth and the welfare of society and the environment.
Which statement is true of Bowies Kantian approach to business ethics moral minimum model )
Which of the following statements about Bowies Kantian approach to business ethics is true? While it is morally right for managers to avoid harm or do some good, their obligation to stockholders takes precedence.
Which model of social responsibility places emphasis not only on profits
The economics of social responsibility emphasizes the effects of business decisions on society as well as profits.
What is an argument for increased social responsibility
Socially conscious businesses attract more clients, and their staff members are proud to work for them. Handling Government Regulations Easily: The government is a vast institution with many powers, and it seeks to regulate business in the public interest.
How does the pursuit of profit maximization help maximize the overall good in an economic model of corporate social responsibility
By enabling businesses to work toward optimally meeting consumer demand, the pursuit of profit maximization contributes to maximizing the overall good in an economic model of corporate social responsibility. What are ethical obligations? They are things one should do even if one would prefer not to.
What is the economic model of social responsibility
A business should not only be concerned with making profits; it also needs to consider how its actions will affect society, according to the socioeconomic model of social responsibility.
How does CSR benefit the economy
Increased sales and customer loyalty, reduced operational costs, improved financial performance, and a better ability to recruit and retain employees are all advantages of CSR for businesses.
What are the 4 models of CSR
Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.
- Responsible Environmental Behavior.
- Moral accountability.
- charitable responsibility
- Financial Responsibilities.
Do you think the economic model of CSR is important in the society
CSR is seen as different from philanthropy and can increase business and revenue in addition to promoting change and progress globally, which frequently involves aiding those with little to no resources.
Which responsibility among the 4 components of the pyramid of corporate social responsibility acts as the foundation for the other three responsibilities
6. According to the pyramid of corporate social responsibility, charitable giving serves as the cornerstone for all other responsibilities.
Which of the following is one of the four major components of the pyramid of corporate social responsibility
Economic, legal, ethical, and philanthropic responsibilities make up the four pillars of the pyramid of corporate social responsibility.