New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following is NOT true regarding corporate

    social​ responsibility?
    A The operations function plays a profound role in meeting corporate social responsibility. Correct Answer Incorrect Answer
    B Corporate social responsibility means "doing what's right" and doing it properly, which can be beneficial to all stakeholders. Correct Answer Incorrect Answer
    C Corporate social responsibility only requires firms to focus on environmentally friendly product disposal. Correct Answer Incorrect Answer
    D Companies that practice corporate social responsibility introduce policies that consider environmental, societal, and financial impacts in their decision making. Correct Answer Incorrect Answer
    E No specific tax exemptions have been extended to CSR expenditure Correct Answer Incorrect Answer

    Solution

    Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically oriented practices. Various organizations have used their authority to push it beyond individual or even industry-wide initiatives. It has been considered a form of corporate self-regulation[4] for some time, over the last decade or so it has moved considerably from voluntary decisions at the level of individual organizations to mandatory schemes at regional, national, and international levels.

    Practice Next

    Relevant for Exams: