PRC-3 · Chapter 6 · Question 31 of 68
A heavy machinery manufacturer decides to switch to renewable energy sources and pledges to plant a tree for every machine sold. What broad business concept does this environmental commitment fall under?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Corporate Social Responsibility (CSR)
Explanation
CSR encompasses an organization's self-regulated efforts to act responsibly towards the environment, community, and society beyond simply making a profit.
More Business Ethics MCQs
- Q33If a major food company is exposed by the media for knowingly selling contaminated products, what is the most severe and immediate…
- Q34A manager is faced with a difficult ethical dilemma regarding a new supplier contract and decides to use the 'mirror test' for ethical…
- Q35A procurement manager must award a lucrative contract for office supplies. He secretly directs the contract to a firm owned by his…
- Q36A chef working at a famous restaurant writes down the restaurant's secret, highly profitable sauce recipe and sells it to a rival…
- Q37After working for 15 years as a bank manager, Mehnaz is severely pressured by her uncle to approve a highly risky loan for his failing…