The defenders of the sustainability approach toward Corporate Social Responsibility (CSR) point out that _________

A. All economic activity exists within a biosphere that support all life

B. The success of business must be judged only against profitability

C. People have a strong ethical duty to cause no harm and only a prime facie duty to prevent harm

D. Business sole responsibility is to fulfil the economic functions they were designed to serve

E. Customer service is most important

Choose the most appropriate answer from the options given below:

This question was previously asked in
UGC Paper 2: Commerce_17th Oct 2020 Shift 2
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  1. A and B only
  2. B, C, D only
  3. A and C only
  4. A only

Answer (Detailed Solution Below)

Option 4 : A only
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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50 Questions 100 Marks 60 Mins

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The defenders of the sustainability approach toward Corporate Social Responsibility (CSR) point out that all economic activity exists within a biosphere that supports all life.

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  • Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. 
  • By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.
  • To engage in CSR means that, in the ordinary course of business, a company is operating in ways that enhance society and the environment, instead of contributing negatively to them.
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