Social responsibility is an expense and thus should be avoided by financial managers because it will lead to loss of income.

Question

Quizplus · Accepted Answer

Social responsibility is not just about charity and philanthropy, it also includes sustainability, ethical business practices, and treating employees fairly. By fulfilling these obligations, companies can actually improve their reputation, increase customer loyalty, and attract new investors. Therefore, social responsibility can actually contribute to long-term financial success and should not be avoided by financial managers.

Social Responsibility Is an Expense and Thus Should Be Avoided