Social responsibility of business deals with the expectations that a community would impose on a firm doing business in their community. True or False
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Social responsibility of business deals with the expectations that a community would impose on a firm doing business in their community. True or False
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- Social responsibilities encompass the ethical and moral obligations that individuals, organizations, and communities have towards the well-being of society and the environment. This concept recognizes that businesses and individuals are not just responsible for their financial success but also for contributing positively to the broader community. Social responsibilities can include actions like giving back to the community through philanthropy, promoting environmentally sustainable practices, and treating employees and customers with fairness and respect. By fulfilling these responsibilities, entities can help create a more equitable and sustainable society. Question: How can businesses strike a balance between their profit-making goals and their social responsibilities to ensure they make a positive impact on society and the environment?Identify and discuss the essence of the moral case for why a company should engage in socially responsible actions and environmentally sustainable business practices?All businesses are subject to legal restrictions on business behavior. However, some businesses are highly regulated. State your opinion as to the reasons government regulation should be decreased.
- Provide examples of businesses in the below scenario and explain how it effects the society:- A) Legal and ethical conduct B) Legal but unethical conduct C) Illegal but ethical conduct D) Illegal and unethical conductWhat are the ethical considerations and social responsibilities that our business should address in the current business environment?Why do companies have to comply to business ethics? Provide examples of businesses in the below scenario and explain how it effects the society:- A) Legal and ethical conduct B) Legal but unethical conduct C) Illegal but ethical conduct D) Illegal and unethical conduct
- Discuss how business ethics and social responsibility are related, then apply this discussion to the organization for which you currently work.Explore the concept of business ethics and its importance in the current business environment.Who do you perceive to be ethical or unethical in a business company or organization? Explain your answer.
- What is corporate social responsibility? Explain how having a corporate social responsibility policy could help a new company and describe at least one social responsibility policy that a new company may want to implementCorporate Social Responsibility (CSR) refers to a business approach that integrates social and environmental concerns into its operations and interactions with stakeholders. CSR involves initiatives aimed at addressing social issues, promoting sustainability, and contributing to the well- being of communities. These initiatives may include philanthropy, environmental sustainability efforts, ethical business practices, employee volunteer programs, and community development projects. Implementing CSR practices can enhance a company's reputation, attract socially conscious consumers and investors, and foster long-term business sustainability. Question: How does corporate social responsibility contribute to the overall reputation and long- term sustainability of a company?Describe a business’s social responsibility to its customers. with example
