Question

‘Giving Scholarships to students’ is an example of _______ kind of social responsibility of business

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Answer 1

Giving Scholarships to students’ is an example of social responsibility kind of social responsibility of business.

Answer 2

Giving Scholarships to students’ is an example of social responsibility kind of social responsibility of business

Explanation:

• Social responsibility means that, in addition to generating shareholder value, companies must also serve society.
• Companies that are socially responsible should embrace policies that promote societal and environmental well-being while minimising negative consequences.
• Social responsibility is an ethical paradigm that says that individuals have a responsibility to collaborate and work with others for the greater good of society.