Corporate social responsibility requires a business to consider its effects on:
Correct answer: B. Customers, employees, communities, and the environment
- A. Owners only
- B. Customers, employees, communities, and the environment
- C. Competitors only
- D. Managers and lenders only
Explanation
Corporate social responsibility recognises duties to a broad group of stakeholders and to society. It therefore extends beyond the firm's financial obligations to its owners.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About The Business Environment
Business environment includes the internal factors and external forces that affect business decisions, performance and survival. It covers customers, competitors, suppliers, government, technology, economic conditions, society, law and ecology, including the distinction between the microenvironment and the wider PESTLE environment.
Practise The Business Environment
30 free The Business Environment MCQs from Introduction to Business, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Introduction to Business questions like this
Introduction to Business is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More The Business Environment questions
Which feature makes an external business factor generally less controllable by an individual firm?
A change in the rules governing company registration is primarily part of which business environment?
Which institution most directly shapes Pakistan's business environment through monetary policy?
A firm's bargaining power over suppliers is generally strongest when: