which of the following is an argument in favor of corporate responsibility course hero

What are some arguments commonly made against corporate social responsibility?

Jul 15, 2016 · Question 13 of 20 5.0/ 5.0 Points Which of the following is an argument in favor of corporate social responsibility? A. Lowers economic efficiency and profit B. Discourages government regulation C. Places responsibility on business rather than individuals D. Imposes unequal costs among competitors

What is the difference between Corporate Social Responsibility and corporate responsiveness?

ARGUMENT FOR AND AGAINST CORPORATE SOCIAL RESPONSIBILITY IN BUSINESS ORGANIZATION anticipates developments and acts in accordance with the currently conceived social responsibilities to achieve the future targets. Arguments against CSR: Corporate social responsibility is limited on the following grounds: 1. Business is an economic activity: It is …

What should a socially responsible firm strive to do?

Arguments in favour of CSR: The following arguments favour corporate social responsibility: 1. Protect the interests of stakeholders: ADVERTISEMENTS: Labour force is united into unions which demand protection of their rights from business enterprises. To get the support of workers, it has become necessary for organisations to discharge responsibility towards their employees.

What is the modern era of corporate social responsibility?

Answer to Solved Discussion Case: Corporate Social Responsibility at. Transcribed image text: Discussion Case: Corporate Social Responsibility at Gravity Payments Dan Price, the founder of Gravity Payments, a small, privately owned company that pro- vided high-service and low-cost credit card processing, surprised his 120-person staff when he announced that over the next …

Which of the following is an argument in favor of corporate responsibility?

Terms in this set (7) Which of the following is an argument in favor of corporate social responsibility? Discourages government regulation. Which of the following companies is being the most socially responsible? A company trying its best to operate in a way which will help local students get education and jobs.

Which of the following is an argument against corporate social responsibility?

An argument against corporate social responsibility is that it imposes unequal costs among competitors. Corporate power refers to: The capability of corporations to influence government, the economy, and society, based on their organizational resources.

What arguments in favor of CSR seem most important to you?

CSR is an argument of economic self-interest for businesses. CSR adds value because it allows companies to reflect the needs and concerns of their various stakeholder groups. By doing so, the firm is more likely to create greater value and, as a result, retain the loyalty of those stakeholders.

Which of the following is an example of corporate responsibility?

The key idea behind CSR is for corporations to pursue other pro-social objectives, in addition to maximizing profits. Examples of common CSR objectives include minimizing environmental externalities, promoting volunteerism among company employees, and donating to charity.

What are the main criticisms against CSR?

Imposing CSR can lead to imposing inappropriate standards, which will constrain value creation in businesses. This will further lead to business failures and job losses. iii. The net impact of CSR initiatives in small businesses will be minuscule compared to the effect such initiatives have in large corporate bodies.

What arguments you can give in Favour of social responsibility of business?

Arguments for Social Responsibility: Public Image: Socially responsible firms gain more customers and employees feel proud to work for such organizations. Handling the Government Regulations with Ease: Government is a massive institution with long arms. It seeks to regulate business in public interest.

What are the different arguments against business ethics?

Arguments against business ethics: 1) No need for ethics separately. 2) Demand and supply forces only operate. 3) Compliance of law.Jul 6, 2018

What is an argument against social responsibility quizlet?

Arguments Against Social Responsibility. - purpose of business in US society is to generate profit for owners. - involvement in social programs gives business too much power. - potential for conflicts of interest. - business lacks expertise to manage social programs.

Which of the following actions is an example of corporate social responsibility?

Some examples of CSR in action include: Reducing carbon footprint. Engaging in charity work. Purchasing fair trade products.Feb 4, 2020

What are some examples of corporate social responsibility?

5 Corporate Social Responsibility ExamplesLego's Commitment to Sustainability. ... Salesforce's 1-1-1 Philanthropic Model. ... Ben & Jerry's Social Mission. ... Levi Strauss's Social Impact. ... Starbucks's Commitment to Ethical Sourcing.Jun 6, 2019

Which company has the best corporate social responsibility?

The Top 10 Companies With The Best CSR ReputationDisney.Adidas Group.Microsoft.Sony.Cannon.Michelin.Netflix.Bosch.More items...