- 1 Marks
BCL – L1 – SA – Q15 – Governance and Ethical Issues
Question
What is corporate social responsibility (CSR)?
A Maximizing shareholder wealth
B Balancing interests of shareholders and society
C Avoiding legal obligations
D Ignoring environmental concerns
Answer
B
Explanation:
Corporate social responsibility involves balancing the interests of shareholders with those of society, including environmental and social concerns. It is not about maximizing wealth (A), avoiding obligations (C), or ignoring the environment (D). Option B is correct.
- Tags: Corporate Social Responsibility, Shareholders, Society
- Level: Level 1
- Uploader: Samuel Duah