Which of the following statements is true about the CSR filter?
A)It helps management assess planned actions by considering the potential impact on constituents.
B)A CSR filter is now required by Sarbanes-Oxley.
C)It enhances profits in both the short and long run.
D)A CSR filter is more important for firms that focus on cost strategies than those that focus on lifestyle brands.

Question

Quizplus · Accepted Answer

The CSR filter helps management assess planned actions by considering the potential impact on constituents, such as employees, customers, suppliers, and the community. It is a tool used to evaluate the social and environmental consequences of a company's actions and can help align business goals with social responsibility. There is currently no requirement for a CSR filter under Sarbanes-Oxley, and while it may enhance a company's reputation and brand, it may not necessarily lead to short-term profit gains. The importance of a CSR filter is not dependent on a company's focus on cost strategies versus lifestyle brands.

Which of the Following Statements Is True About the CSR