CSR

Question 1

Based on the underlying foundation of why a firm has been created which is to develop economic value.

Answer 1

Economic Responsibilities

Question 2

-Firm has a responsibility to use the resources available to produce goods and services for society

Answer 2

Economic Responsibilities

Question 3

The laws and regulations that all firms are expected to abide by as they perform their daily functions.

Answer 3

Legal Responsibilities

Question 4

Change over time because they are based on expectations of society

Answer 4

Ethical Responsibilities

Question 5

Those responsibilities in which society does not have a clear message to present to businesses as to what their courses of action should be

Answer 5

Discretionary Responsibilities

Question 6

Left in the hands of the managers to make the proper judgment, not considered unethical if they do not participate in these discretionary responsibilities

Answer 6

Discretionary Responsibilities