Asked by Güney Güne? on May 26, 2024

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According to the theory of corporate social responsibility, any decision by corporate management should consider how an action affects the firm's

A) officers and employees only.
B) officers, shareholders, suppliers, customers, and community.
C) shareholders only.
D) profit only.

Corporate Social Responsibility

Business practices involving initiatives that benefit society and the environment beyond profit-seeking motives.

Officers

In the context of corporations, officers are high-ranking individuals appointed to manage the day-to-day operations and make executive decisions on behalf of the company.

Shareholders

Individuals or entities that own shares in a corporation, thus having a stake in the company's equity and potentially influencing its governance.

  • Evaluate business decisions through the lens of corporate social responsibility considering all stakeholders.
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Vanessa UrendaMay 31, 2024
Final Answer :
B
Explanation :
The theory of corporate social responsibility (CSR) posits that companies should make decisions not only based on financial considerations but also on the social and environmental impacts of their actions. This includes considering the effects on a wide range of stakeholders such as officers, shareholders, suppliers, customers, and the community at large.