GENERAL KNOWLEDGE

Detailed explanation-1: -corporate social responsibility (CSR) is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.

Detailed explanation-2: -Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Detailed explanation-3: -Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society. Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.

Detailed explanation-4: -Business ethics is an area of corporate responsibility where businesses are legally bound and socially obligated to conduct business in an ethical manner. Business ethics is based on the personal values and standards of each person engaged in business.

Detailed explanation-5: -Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically oriented practices.