US CITIZENSHIP TEST PREPARATION

Detailed explanation-1: -Voluntary CSR is connected to convictions and commitment. It’s something that comes from inside the company, with a desire to change things and create value. It has a psychological explanation: Mandatory CSR is imposed from outside the company and it may not be perceived as own.

Detailed explanation-2: -Volunteering as a form of giving back to others can have benefits both for individuals and society. Nowadays, volunteering is a key part of any Corporate Social Responsibility (CSR) strategy and can bring numerous benefits both to employees and companies and organizations themselves.

Detailed explanation-3: -Corporate social responsibility (CSR) often refers to ‘companies voluntarily going beyond what the law requires to achieve social and environmental objectives during the course of their daily business activities. ‘ CSR is typically considered voluntary and beyond compliance with the law.

Detailed explanation-4: -Voluntary CSR initiatives are inefficient and not enough to ensure society’s well-being and companies’ responsible behavior because there is no legal sanction in case of violation. Establishing a mandatory CSR initiative would be beneficial for a country as it would improve its reputation.

Detailed explanation-5: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.