ECONOMICS
ECONOMIC GROWTH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Participate in markets for the purpose of exchanging goods and services.
|
|
|
Engage in fair labor practices and fair competition.
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.
Detailed explanation-2: -Providing fair compensation and benefits. Providing good and safe working conditions. Providing opportunities for personal growth and development. To develop a sense of belongingness.
Detailed explanation-3: -Ethical Responsibility Being ethically responsible means ensuring a business engages in fair business practices across the board-including treating all employees, stakeholders, and customers ethically and with respect.
Detailed explanation-4: -The role of a business is to produce and distribute goods and services to satisfy a public need or demand. According to Business News Daily corporate social responsibility (CSR) is “a business practice that involves participating in initiatives that benefit a society.”