What Are The Four Levels Of Social Responsibility Quizlet?

What are some examples of social responsibility?

Some of the most common examples of CSR include:Reducing carbon footprints.Improving labor policies.Participating in fairtrade.Charitable giving.Volunteering in the community.Corporate policies that benefit the environment.Socially and environmentally conscious investments.Feb 25, 2019.

What do we 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.

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.

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.

Why is it important for businesses to recognize secondary stakeholder groups quizlet?

Why is it important for businesses to recognize secondary stakeholder groups? They have legitimacy and can exert power. … an organization’s obligation to maximize its positive effects and minimize its negative effects on stakeholders.

What is the importance of social responsibility?

Being a socially responsible company can bolster a company’s image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.

What is social and ethical responsibility?

Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. If this equilibrium is maintained, then social responsibility is accomplished. …

What is the first step in implementing a stakeholder perspective in an organization quizlet?

What is the first step in implementing a stakeholder perspective in an organization? Assessing the corporate culture. Which of the following is a major ethical concern among corporate boards of directors?

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 is the lowest level of social responsibility?

Understanding the Four Levels of CSRCarroll’s pyramid suggests that corporate has to fulfil responsibility at four levels – Economic, Legal, Ethical and Philanthropic. … The lowest level of the pyramid represents a business’s first responsibility, which is to be profitable. … The second level of the pyramid is the business’s legal obligation to obey the law.More items…•Nov 12, 2019

Who benefits from corporate social responsibility?

Benefits of corporate social investment for businesses The potential benefits of CSR to companies include: better brand recognition. positive business reputation. increased sales and customer loyalty.

How do you show social responsibility?

Five ways to a better corporate social responsibility mission:Volunteer. Companies are seeing a benefit in offering volunteer days to their employees. … Invest in social and environmental initiatives. … Practice ethical labor. … Promote philanthropy. … Be environmentally conscious.Jan 23, 2020

What’s the difference between ethics and social responsibility?

Ethics can be defined as individual, occupational, organizational, or societal morals and values, while social responsibility is the practical application of ethical concerns for the benefit of society as a whole. … Individual ethics are guiding principles that help us decide what is right and wrong as a person.

What is social responsibility quizlet?

Social Responsibility: A business’s obligation to pursue policies, make decisions, and take actions that benefit society.

What does corporate social responsibility mean?

Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.

Which of the following is a risk of using outsourcing?

More formally, risks associated with outsourcing typically fall into four general categories: loss of control, loss of innovation, loss of organizational trust, and higher-than-expected transaction costs.

What are the major areas of social responsibility with which businesses should be concerned?

The major areas of concern are the responsibilities toward the environment (controlling air pollution, water pollution and land pollution), its customers (advertising, price management and consumer rights), its employees (recruiting, hiring, training and compensating) and its investors (financial management and inside …

What are the four levels of social responsibility?

There are four levels of social responsibility: economics, or the responsibility of the business to be profitable; the responsibility to meet the legal obligations—businesses must comply with the law and regulations; companies have a responsibility to act ethically and morally and to choose the action that causes the …

What is a company’s acknowledged responsibility to society?

What is a company’s acknowledged responsibility to society? Corporate social responsibility.

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.

Why must health care demonstrate social responsibility to the community?

Health care demonstrates social responsibility in community because there is an ethical obligation that requires the hospitals and other health care organizations to do something favorable to the community such as delivering adequate health care services to every member of the community.