Module 5- CSR- The theory and the practice Flashcards

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1
Q

What is CSR?

A

The way a corporation achieves a balance among its economic, social and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations.

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2
Q

What does the VBA model stand for?

A

Value +balance + Accountability = Proper role of business in society

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3
Q

Traditional view of business as merely profit-making
entity

A

Amoral view

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4
Q

Corporations viewed as collectives that act as
individuals; they exist as legal persons and can be held
responsible for their actions.

A

Personal view

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5
Q

Corporations are social institutions in society, with social
responsibilities.

A

Social view

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6
Q
A
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