ACCA Applied Knowledge · Business and Technology · Sustainable business practices
Which of the following is an example of an organisation accepting responsibility for its social impact through voluntary action beyond legal requirements?
Funding a local training programme for unemployed residents is the example. It is a voluntary action that benefits society beyond what the law demands, whereas paying corporation tax and meeting minimum wage rules are legal obligations and so are simply compliance.
- AFunding a local training programme for unemployed residentsCorrect
- BPaying corporation tax on its profits
- CComplying with minimum wage legislation
Explanation
Corporate social responsibility goes beyond legal obligations. Funding a training programme is voluntary. Paying tax and meeting minimum wage laws are legal requirements, so they are compliance rather than voluntary social responsibility.
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