Which of the following concepts are closely associated with corporate social responsibility?
A) knowledge management
B) triple bottom line
C) stakeholders
D) all of the above
E) both 'B' and 'C'

Question

Quizplus · Accepted Answer

Corporate social responsibility (CSR) refers to a company's commitment to operate in an economically, socially, and environmentally sustainable manner. The concept of triple bottom line (TBL) is often used in CSR, which refers to the company's performance measured not only in terms of financial success (the traditional bottom line) but also in terms of its social and environmental impact. Additionally, stakeholders are individuals or groups who are affected by a company's actions, and CSR involves considering and responding to their needs and expectations. Therefore, options B and C are closely associated with CSR, making E the correct answer. Option A, knowledge management, while important in business, is not directly related to CSR.

Which of the Following Concepts Are Closely Associated with Corporate