Bachelor of General Studies (BGS) Degree Practice Exam

What is an expected outcome of understanding corporate social responsibility?

1. Neglecting ethical practices

2. Enhancing corporate image only

3. Identifying opportunities for sustainable development

4. Focusing solely on profit

The correct answer is: Identifying opportunities for sustainable development

Understanding corporate social responsibility (CSR) leads to recognizing and identifying opportunities for sustainable development. This stems from the awareness that businesses have a significant impact on society and the environment. When companies embrace CSR, they assess their operations and how these can contribute positively to the community and the planet. This involves innovative practices that not only enhance their business model but also promote long-term sustainability. Companies become more adept at spotting opportunities in sustainable development, allowing them to create new products, adopt greener practices, and engage more fully with their stakeholders in meaningful ways. The other options do not align with the principles of CSR. Neglecting ethical practices contradicts the very nature of CSR, which emphasizes the importance of ethics in business. Enhancing corporate image is a potential benefit of CSR, but it is not the sole purpose; it is more about genuine engagement with social and environmental issues. Focusing solely on profit completely disregards the broader responsibilities that companies have towards their stakeholders, including employees, communities, and the environment, which is a core tenet of CSR.