Quick Answer: What Are The Four Levels Of Social Responsibility?

What are the types of social responsibility?

Generally, corporate social responsibility initiatives are categorized as follows:Environmental responsibility.

Human rights responsibility.

Philanthropic responsibility.

Economic responsibility..

What do you mean by social responsibility?

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. … The crux of this theory is to enact policies that promote an ethical balance between the dual mandates of striving for profitability and benefiting society as a whole.

What are the 3 elements of social responsibility?

There are four key aspects of social responsibility: ethical, legal, economic and philanthropic. Businesses that have CSR policies first ensure they are accountable to themselves, their shareholders and their employees. In addition, they hold themselves accountable to their customers and the world around them.

What are 3 examples of responsibility?

Some examples of responsibility include getting to work on time, taking care of children properly, paying rent or mortgage and paying taxes.

What is true of ethics and social responsibility in business?

Which of the following statements is true regarding business ethics and social responsibility? … Business ethics relates to an individual’s or a work group’s decisions that society evaluates as right or wrong, whereas social responsibility concerns the impact of the entire business’s activities on society.

Why do critics argue that higher compensation?

Why do critics argue that high compensation for boards of directors is a bad thing? It could cause conflicts of interest between the directors and the organization. … Shareholders provide resources to an organization that are critical to long term success.

What are the 4 types of social responsibility?

The four types of Corporate Social Responsibility are philanthropy, environment conservation, diversity and labor practices, and volunteerism.

What is Amazon’s social responsibility?

Amazon maintains a corporate social responsibility program for communities. These stakeholders are significant because they influence consumer perception on the company’s goods and services. The interests of communities include development support, such as through education, healthcare and environmental conservation.

Legal Responsibility Legal responsibilities are not only liable to the individuals in the society but also to the businesses in the society. … These rules and regulations are set for maintaining balance and the greater good of the society. A law-abiding enterprise is a socially responsible enterprise as well.

What is corporate social responsibility quizlet?

Corporate Social Responsibility. A manner of doing business that takes into account the economic, social and environmental impact of the company’s actions. Triple Bottom Line. The measure of business performance which includes social, environmental and economical impacts.

What are the four levels of social responsibility quizlet?

Carroll’s global corporate social responsibility pyramid encompasses, from bottom to top, four responsibilities: economic, legal, ethical, and philanthropic.