Question
Which of the following is defined as a duty or obligation to make decisions that nurture, protect, enhance and promote the welfare and well-being of stakeholders and society as a whole?
A.
Corporate social responsibility
B.
Business ethics
C.
Sustainable development
D.
All of the option
A.
Corporate social responsibility
B.
Business ethics
C.
Sustainable development
D.
All of the option
Answers
GPT-4o mini
The correct answer is **A. Corporate social responsibility**.
Corporate social responsibility (CSR) is defined as the duty or obligation of businesses to make decisions that nurture, protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole. While business ethics and sustainable development also relate to broader concepts of responsibility and ethical decision-making, CSR specifically encompasses the idea of supporting societal well-being.
Corporate social responsibility (CSR) is defined as the duty or obligation of businesses to make decisions that nurture, protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole. While business ethics and sustainable development also relate to broader concepts of responsibility and ethical decision-making, CSR specifically encompasses the idea of supporting societal well-being.