ACCA Applied Knowledge · Business and Technology · Social and demographic factors
Which of the following best describes corporate social responsibility (CSR)?
CSR is an organisation's commitment to consider the effects of its activities on society and the environment, going beyond its legal obligations. It is voluntary and wider than shareholder returns or government regulation such as minimum wage laws.
- AAn organisation's commitment to consider the impact of its activities on society and the environment beyond its legal obligationsCorrect
- BA legal requirement to maximise dividends paid to shareholders each year
- CA government policy that sets minimum wages for all employees in an economy
Explanation
CSR is about an organisation voluntarily taking account of its social and environmental impact, going beyond what the law demands. Maximising dividends is a shareholder-focused aim, and minimum wage rules are government policy, not CSR.
Did you get it right without looking?
One question tells you little. A timed set on Social and demographic factors shows your real accuracy, how long you take and where you lose marks.
More Social and demographic factors questions
- In a PESTEL analysis of the external environment, which of the following is most clearly a social factor affecting a clothing retailer?
- A country's government statistics show that the proportion of citizens aged over 65 is rising steadily while the birth rate is falling. Whic…
- Which of the following best describes an ageing population?
- A government is concerned that a falling birth rate will raise the dependency ratio. Which of the following correctly describes the dependen…
- A country's population is ageing, with a rising proportion of people over 65 and a falling birth rate. Which of the following is the most li…
- Which of the following best describes what is meant by the demographic environment of a business?