Which statement about CSR is true?
A)CSR begins with environmental needs.
B)CSR is a voluntary action taken by firms.
C)Stakeholders determine CSR approaches.
D)Federal laws require firms to engage in CSR.

Question

Quizplus · Accepted Answer

CSR is a voluntary action taken by firms, not something that is required by law. While stakeholders may have an influence on the approach a company takes towards CSR, ultimately it is up to the company to decide its own approach. While some federal laws may encourage or incentivize CSR, none currently require it. The focus of CSR can include environmental needs, but it is not limited to just that.

Which Statement About CSR Is True