Topic 8 Social Responsibility

Question 1

Meaning

Answer 1

Each person has a duty to act in the best interests of their environment and society as a whole.

Question 2

Common examples of social responsibility

Answer 2

Reducing carbon footprints: how much C02 the activities a person or company emits.
Donating to charities: when you help others it will empower you

Question 3

Corporate social responsibility
( CSR )

Answer 3

The businesses have social , cultural and environmental responsibilities to the community in which it operates.

Question 4

Meaning of CSR

Answer 4

Also the way in which business conducts its operations ethically and morally that’s, how they use human ,physical and financial resources

Question 5

Purpose of CSR

Answer 5

Give back to the community and provide social value.

Question 6

Goal of CSR

Answer 6

Have a positive impact on communities , consumers employees the environment and stakeholder.

Question 7

Initiatives taken by businesses in addressing the socio economic issue

Answer 7

Businesses should not only on profits but also should focus on well being of the community in which the operate

Question 8

Initiatives to adress inequality and poverty

Answer 8

Businesses can support poverty alleviation programmers offered by government.
Can also donate things such as money and food to local NGOs.
Employees pull offer their time and or services through volunteer programs.

Question 9

Initiatives to adress crime

Answer 9

Become evolved in sustainable projects within local community.
Business could sponsor special sport programmes by providing finance for special community events.

Question 10

Initiatives to adress violence

Answer 10

Businesses could also provide counseling facilities or refer employees to private counsellors