BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CSR guarantees increased profit levels
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CSR adds cost to organisational activities and reduces profit levels
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Social responsibility may have commercial benefits
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Detailed explanation-1: -D . Explanation: An approach of business which adds sustainable improvement for achieving business, social and environmental advantages for all stakeholders is known as corporate social responsibility. It handles their business methods to generate a totally positive influence on society.
Detailed explanation-2: -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.
Detailed explanation-3: -Expert-Verified Answer This CSR mainly includes the maintenance of the sustainability in our society by the corporate world. This sustainability includes social ethics, care about environment and also care about the human resource of the corporate sector itself.
Detailed explanation-4: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.