What Is A Dimension Of Social Responsibility Quizlet?

by | Last updated on January 24, 2024

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Being ethical

; doing what is right, just, and fair; avoiding harm. Legal Responsibilities. Obeying the law; playing by the rules of the game.

What are the 4 dimensions of social responsibility?

Corporate social responsibility is traditionally broken into four categories:

environmental, philanthropic, ethical, and economic responsibility

.

What is a dimension of social responsibility?

There are four kinds of social responsibility:

legal, ethical, economic and philanthropic

. Legal dimension of CSR relates to compliance with laws and regulations established by the authorities, which set standards for responsible behavior – the codification of what society thinks is right or wrong.

What are the four dimensions of social responsibility quizlet?

Explain the four dimensions of social responsibility.

Economic (being profitable), legal (obeying the law), ethical (doing what is right, just, and fair)

, and voluntary (being a good corporate citizen).

Which dimension of corporate social responsibility includes charitable?

17. The dimension of social responsibility that includes charitable donations is

corporate social initiatives

.

What are the two basic dimension of social responsibility?

Understanding Social Responsibility

This idea suggests that social responsibility has two basic dimensions:

legality and responsibility

.

What are the basic elements of social responsibility?

  • Accountability.
  • Transparency.
  • Ethical behavior.
  • Respect for stakeholder interests.
  • Respect for the rule of law.
  • Respect for international norms of behavior.
  • Respect for human rights.

What are some examples of social responsibility?

  • Reducing carbon footprints.
  • Improving labor policies.
  • Participating in fairtrade.
  • Diversity, equity and inclusion.
  • Charitable global giving.
  • Community and virtual volunteering.
  • Corporate policies that benefit the environment.
  • Socially and environmentally conscious investments.

What are the six main characteristics of CSR?

The six core characteristics of CSR follows as the features which shows how CSR is represented with different initiatives and processes ranging from

voluntary activities, managing external factors, stakeholder management, alignment of social and economic responsibilities, considering practices and values and finally

What are the three concepts of social responsibility?

there are three concepts of social responsibility:

(1) profit responsibility, (2) stakeholder responsibility, and (3) societal responsibility

. holds that companies have a simple duty: to maximize profits for their owners or stockholders.

What is the driving consideration across the four dimensions of corporate social responsibility?

Stakeholder responsibility is the driving consideration across the four dimensions of corporate social responsibility:

economic, legal, ethical, and philanthropic

. For-profit firms have a responsibility to their stakeholders to be profitable. Without profits, a business cannot survive.

Which of the following is an argument for increased social responsibilities?

Arguments for increased social responsibility: …

By helping resolve social issues, business can create a more stable environment for long-term profitability

. 4. Socially responsible decision-making by firms can prevent increased government intervention, which would force businesses to do what they fail to do voluntarily.

Which of the following forms of business can the concept of social responsibility be applied?

To which of the following forms of business can the concept of “social responsibility be applied:

Any form of business

, from sole proprietorships to large corporations.

What is a major difference in social responsibility between large and small companies?

The biggest difference between CSR for large businesses and SMBs is

that reputation typically has less of an effect

. A large company can lose 20% of their stock value overnight if a negativity story affects their reputation. On top of customers, CSR also applies to shareholders that an SMB wouldn’t answer to.

What are compliance based ethics?

A compliance-based code of ethics is

developed to ensure that the business and its employees comply with all laws and regulations in an appropriate manner

. Three key elements include the prevention, detection and punishment of non-compliant behavior. … Compliance-based codes have an emphasis on not violating laws.

What are the six steps to follow in establishing an effective ethics program in a business?

  1. Establish an enforceable code of conduct.
  2. Initial and ongoing training.
  3. Regular communications.
  4. Anonymous reporting hotline.
  5. Enforcement/Action.
  6. Rewarding employees that live the culture.
Amira Khan
Author
Amira Khan
Amira Khan is a philosopher and scholar of religion with a Ph.D. in philosophy and theology. Amira's expertise includes the history of philosophy and religion, ethics, and the philosophy of science. She is passionate about helping readers navigate complex philosophical and religious concepts in a clear and accessible way.