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Question
Which of the following statements is true of corporate social responsibility (CSR)?
A. The social contract approach to CSR states that the only obligation of a corporation is to maximize profits for its shareholders.
B. The awakening to CSR for most companies happened only after being surprised by public responses to issues that had not previously been a part of their business responsibilities.
C. The instrumental approach to CSR states that a corporation has an obligation to society over and above the expectations of its shareholders.
D. The ideology of CSR speaks about doing no harm, fostering trust, and improving "customer confidence in the integrity of the marketing exchange system."
Answer
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