ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A large tech company donates a portion of its proceeds to charity. This is an example of ____ responsibility.
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economic
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philanthropic
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ethical
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legal
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Explanation:
Detailed explanation-1: -Philanthropy involves donating time, money, or other resources without regard for any direct business benefits. In contrast, strategic CSR involves contributions that are aligned with the company’s business needs and strategies.
Detailed explanation-2: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.
Detailed explanation-3: -Accountability. Accountability means businesses taking full responsibility for their actions or practices. Care and respect. Honesty. Healthy competition. Loyalty and respect for commitments. Information transparency. Respect for the rule of law.
There is 1 question to complete.