Bachelor of General Studies (BGS) Degree Practice Exam

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Corporate social responsibility is often justified because it:

Is legally mandated in many countries
Boosts the company's public image
Disregards employees’ welfare
Can fulfill ethical obligations

The correct answer is: Can fulfill ethical obligations

Corporate social responsibility (CSR) is frequently viewed as a necessary practice for businesses due to its alignment with ethical obligations. This perspective rests on the understanding that companies operate within larger societal contexts and have responsibilities that extend beyond profit generation. Fulfilling ethical obligations means that businesses should consider the impacts of their actions on various stakeholders, including employees, customers, the environment, and the community at large. By embracing CSR, companies can demonstrate a commitment to ethical behavior, contributing positively to society and enhancing their moral standing. This ethical foundation can lead to more sustainable business practices, stronger relationships with stakeholders, and can foster a sense of trust and loyalty among consumers and employees alike. Companies that adhere to these ethical standards are perceived as more reputable and trustworthy, which can ultimately lead to long-term success.