Question

Common arguments against corporate social responsibility argue that:_________A) CSR detracts from the fundamental economic role of businesses.B) CSR does not achieve a triple bottom line.C) there is no positive relationship between CSR and shareholder returns.D) there are no financial benefits of social or environmental initiatives.

Answer 1

Answer: CSR detracts from the fundamental economic role of businesses.

Explanation:

Corporate social responsibility is a concept which has to do with the responsible corporate behavior of organizations. Corporate social responsibility is the ethical and moral obligations that an organization has with regards to its workers, its competitors, environment, and the economy.

Common arguments against corporate social responsibility argue that CSR detracts from the fundamental economic role of businesses. The fundamental role of a business is simply cost minimization and profit maximization and critics believe CSR detracts companies from doing that properly.

Answer 2

Answer:

A) CSR detracts from the fundamental economic role of businesses

Explanation:

Corporate social responsibility is defined as regulatory method that is used by businesses to ensure social accountability to it shareholders and the public.

This looks at the environmental, economic, and social impact of businesses on the society.

Resulting in positive practices that enhances society.

Corporate social responsibility tends to detract from the economic objectives of the business because socially responsible practices does not often give highest economic gains to the company.