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Which of the following actions is an example of corporate social responsibility? A - HSC - SSCE Business Studies - Question 16 - 2017 - Paper 1
Question 16
Which of the following actions is an example of corporate social responsibility? A. Sponsoring a sporting event B. Opening a manufacturing plant C. Introducing a co... show full transcript
Worked Solution & Example Answer:Which of the following actions is an example of corporate social responsibility? A - HSC - SSCE Business Studies - Question 16 - 2017 - Paper 1
Step 1
Introducing a community health program
Answer
Corporate social responsibility (CSR) refers to the practices and policies undertaken by corporations to have a positive influence on the world. Among the options provided, 'C. Introducing a community health program' stands out as a clear example of CSR. This is because it directly aims to improve the health and well-being of the community.
In contrast:
- A. Sponsoring a sporting event may have community benefits but is often more about marketing and visibility rather than a commitment to social responsibility.
- B. Opening a manufacturing plant generally focuses on economic gain and does not necessarily equate to social responsibility.
- D. Paying compensation for a work-related injury is a legal obligation rather than a proactive effort to contribute positively to society.