Asked by Klaudia Kuzia on May 20, 2024

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In order for an organization to become socially responsible, it must first become financially sound. This statement reflects which level of corporate social responsibility?

A) economic
B) legal
C) ethical
D) discretionary

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Financially Sound

A term describing the state of having strong financial health and stability, often characterized by good cash flow, low debt, and strong profitability.

Economic

Pertaining to the production, consumption, and transfer of wealth within a society or region.

  • Outline the concepts and levels of corporate social responsibility (CSR).
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TG
Tanesha GibbonsMay 22, 2024
Final Answer :
A
Explanation :
The statement reflects the economic level of corporate social responsibility, which posits that a company's primary responsibility is to be profitable. This level is foundational, as financial stability allows a company to then consider further social responsibilities.