CSR Updated EXAM Questions And Correct
Answers (Verified Answers) 2026
Social Responsibility of an Organization - CORRECT ANSWER -The obligation to maximize its
positive impact and minimize its negative impact on its stakeholders
Social Responsibility of an Organization - CORRECT ANSWER -The obligation it assumes
towards society - because to be socially responsible is to maximize positive effects and minimize
negative effects on society.
Legal Responsibilities
Environmental Responsibilities
Ethical Responsibilities
Philanthropic Responsibilities - CORRECT ANSWER -The four Social Responsibilities
Legal Responsibilities - CORRECT ANSWER -Firm must take responsibility for the minimum
compliance of their employees' with local state, and federal laws.
Economic responsibilities - CORRECT ANSWER -Firm must produce the goods and services
that society needs and wants at a price that can perpetuate the business and satisfy its obligations
to investors.
Ethical Responsibilities - CORRECT ANSWER -The firm's behaviors or activities that society
expects of it which are not codified in law.
Philanthropic Responsibilities - CORRECT ANSWER -The firm's behaviors, activities, and
business values dictated by its desire ''to give back to society what it gets from them.''
, Corporate Citizenship - CORRECT ANSWER -Measure of the extent to which a firm meets its
legal, ethical, economic, and philanthropic responsibilities expected of them by their various
stakeholders.
Corporate Citizenship - CORRECT ANSWER -Organizational activities and processes adopted
by the firm to meet its social responsibilities Or actions and measurement of the extent to which
it embraces the corporate citizenship philosophy (Followed through by implementing citizenship
initiatives.)
Commitment to Corporate Citizenship - CORRECT ANSWER -Indicates a strategic focus on
fulfilling the social responsibilities expected of it by its stakeholders.
The Legal Dimension
The Ethical Dimension
The Economic Dimension
The Competition Dimension
The Philanthropic Dimension - CORRECT ANSWER -The 5 Dimensions of Social
Responsibility
The Legal Dimension - CORRECT ANSWER -The compliance of a firm with established
government laws and regulations which sets the minimum standards for responsible behavior.
The Legal Dimension - CORRECT ANSWER -society's codification of what is right or wrong.
The five groups of law
Under the legal Dimension
Laws Regulating Competition - CORRECT ANSWER -Bans practices that reduce or restrict
competition such as monopolies, inequitable pricing, and others.
Answers (Verified Answers) 2026
Social Responsibility of an Organization - CORRECT ANSWER -The obligation to maximize its
positive impact and minimize its negative impact on its stakeholders
Social Responsibility of an Organization - CORRECT ANSWER -The obligation it assumes
towards society - because to be socially responsible is to maximize positive effects and minimize
negative effects on society.
Legal Responsibilities
Environmental Responsibilities
Ethical Responsibilities
Philanthropic Responsibilities - CORRECT ANSWER -The four Social Responsibilities
Legal Responsibilities - CORRECT ANSWER -Firm must take responsibility for the minimum
compliance of their employees' with local state, and federal laws.
Economic responsibilities - CORRECT ANSWER -Firm must produce the goods and services
that society needs and wants at a price that can perpetuate the business and satisfy its obligations
to investors.
Ethical Responsibilities - CORRECT ANSWER -The firm's behaviors or activities that society
expects of it which are not codified in law.
Philanthropic Responsibilities - CORRECT ANSWER -The firm's behaviors, activities, and
business values dictated by its desire ''to give back to society what it gets from them.''
, Corporate Citizenship - CORRECT ANSWER -Measure of the extent to which a firm meets its
legal, ethical, economic, and philanthropic responsibilities expected of them by their various
stakeholders.
Corporate Citizenship - CORRECT ANSWER -Organizational activities and processes adopted
by the firm to meet its social responsibilities Or actions and measurement of the extent to which
it embraces the corporate citizenship philosophy (Followed through by implementing citizenship
initiatives.)
Commitment to Corporate Citizenship - CORRECT ANSWER -Indicates a strategic focus on
fulfilling the social responsibilities expected of it by its stakeholders.
The Legal Dimension
The Ethical Dimension
The Economic Dimension
The Competition Dimension
The Philanthropic Dimension - CORRECT ANSWER -The 5 Dimensions of Social
Responsibility
The Legal Dimension - CORRECT ANSWER -The compliance of a firm with established
government laws and regulations which sets the minimum standards for responsible behavior.
The Legal Dimension - CORRECT ANSWER -society's codification of what is right or wrong.
The five groups of law
Under the legal Dimension
Laws Regulating Competition - CORRECT ANSWER -Bans practices that reduce or restrict
competition such as monopolies, inequitable pricing, and others.
