A firm's concern towards the community, workers, and environment in which it operates is known as ________.
A) international sustainable development
B) corporate social responsibility
C) international business ethics
D) cultural sensitivity

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) refers to a firm's responsibility towards the community, workers, and environment in which it operates. It involves adopting sustainable and ethical practices to balance profit-making objectives with social and environmental considerations. International sustainable development (A) refers to the pursuit of development goals while preserving the environment and meeting the needs of future generations. International business ethics (C) relates to the moral principles and standards that guide business decisions and actions in a cross-cultural context. Cultural sensitivity (D) refers to the ability to appreciate and respect different cultures, values, and customs in a global business context. While these concepts are related, CSR is the best fit for the given scenario.

A Firm's Concern Towards the Community, Workers, and Environment in Which