Asked by brent ashley on Apr 24, 2024

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Advocates of corporate social responsibility assert that businesses have the resources and obligation to act in socially responsible ways, and that it decreases the need for restrictive government regulation, improves the public image of business, and may improve or determine long-run profits.

Corporate Social Responsibility

A business approach that focuses on sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Restrictive Government Regulation

Laws and rules imposed by authorities that limit or control certain activities or behavior within businesses.

Public Image

The perception or reputation of an organization or individual among the public or specific audiences.

  • Absorb the foundational aspects of corporate social responsibility (CSR) and its importance in the strategic development of organizations.
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Zybrea KnightMay 02, 2024
Final Answer :
True
Explanation :
Advocates of corporate social responsibility believe that businesses should act in socially responsible ways, which could lead to benefits such as reducing the need for government regulation, enhancing the public perception of the business, and potentially increasing profits in the long run.