CSR is important because :
All of the above
Option 4 — All of the above is correct.
Corporate Social Responsibility (CSR) is the commitment of a business to act ethically and contribute to economic development while improving the quality of life of its workforce, their families, the local community and society at large. Its importance is broad-based, and each of the listed reasons is valid:
| Reason | Explanation |
|---|---|
| Influences all aspects of operation | CSR shapes sourcing, production, HR, marketing and stakeholder relations across the firm |
| Guides mission and strategy | Social and ethical goals become part of the company’s vision, mission and long-term strategy |
| Responds to affluence and societal expectation | As society becomes more aware and prosperous, stakeholders expect responsible corporate conduct |
Since all three statements describe genuine reasons why CSR matters, the inclusive option All of the above is correct.
Takeaway: CSR is important operationally, strategically and socially — hence all of the above.
Similar Questions
Which one of the following theory of corporate governance focuses on the principal-agent conflict, where managers may prioritize their own interests over those of shareholders, thereby necessitating monitoring, incentives, and control mechanism ?
Which of the following reflect Jensen’s “Science” of takeovers ?
A. Improve shareholder wealth
B. Reallocate resources productively
C. Impose financial discipline through debt
D. Operate as hostile disruptions
E. Function as an essential corrective force in capitalism
Choose the correct answer from the options given below :
Match List - I with List - II.
List - I
(Term)List - II
(Description)A. Folklore view I. Portrayed as destructive to employees and communities B. Scientific evidence II. Generates significant economic gains by reallocating resources C. Inefficient management III. Fails to maximize shareholder value D. Debt financing IV. Imposes financial discipline by reducing wasteful spending Choose the correct answer from the options given below :
In the paragraph, inefficient management teams are described as those who :
Jensen emphasizes that while popular belief portrays takeovers as destructive, empirical evidence shows they :
According to the paragraph, takeovers are not merely hostile disruptions but serve as :
Whistle blowing is:
John Challenger suggested that we should consider certain things in acting more ethically in downsizing. What things he sugegsted?
A. Planning
B. Pessimism about the future of the company
C. Emotions
D. Timing
E. Stakeholder perception
Choose the correct answer from the options given below:
Utilitarianism theory of ethics refers to which one of the following ?
Assertion (A) : Decisions in small matters largely tend to set a pattern for the more important ones you may make as managers.
Reasoning (R) : A multi-industry survey conducted in the USA indicated that 40% of the managers said that their superiors had at some time told them to do certain things unethical.
Code :
Important Questions from Corporate governance and business ethics
Corporations are controlled and directed by which one of the following?
As per the Anglo-Saxon Model of Corporate Governance, the authority lies with the following. Arrange these in decreasing order of authority.
A. Board of Directors
B. Managers
C. Shareholders
D. Employees (Company)
E. Trade unions
Choose the correct sequence from the options given below
Assertion (A) : Corporate governance is an important instrument of investor protection.
Reason (R) : Strong corporate governance is indispensable to resilient and vibrant capital markets.
Which one of the following options is correct?
Which among the following is not a correct statement with regard to Corporate Governance in India ?
List out from the given statements the important ethical principles that a business should follow:
a) To take the necessary action for the development of the concerned industry or business.
b) Pay taxes and discharge other obligations promptly.
c) To ensure the best utilisation of the human resources.
d) Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.
e) Ensure payment of fair wages and fair treatment of employees.
Choose the correct answer from the options given below:
