Asked by shelby hulka on Jul 13, 2024

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The ten ethical principles of corporate social responsibility call for which approach to profits?

A) Profitability is the top priority
B) Make only a reasonable profit
C) Profit making is the lowest priority
D) Maximize profits subject to legal and market constraints
E) Donate all your profits to charity

Corporate Social Responsibility

The commitment of a business to contribute to sustainable economic development by working with employees, their families, the local community, and society to improve quality of life in a way that is beneficial for both the business and development.

Legal Constraints

Restrictions imposed by laws and regulations that dictate how a business can operate.

Profit Making

The primary goal of businesses, which involves generating revenue that exceeds the costs of operating, leading to financial gain.

  • Examine the principles of corporate social responsibility (CSR) and ethical business practices.
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Mikiya StukesJul 16, 2024
Final Answer :
D
Explanation :
The ten ethical principles of corporate social responsibility call for a balanced approach to profits. While maximizing profits is important, it should be done within legal and market constraints, and while considering the impact on various stakeholders, such as employees, customers, suppliers, and the community at large. Balancing profits with social responsibility is key to sustainable and ethical business practices.