Bus. Phil. Exam 3 II Questions And Correct
Answers (Verified Answers) 2026
Corporate Social Responsibility (CSR) - CORRECT ANSWER -CSR is the idea that businesses
have obligations not only to make profits but also to contribute positively to society.
Corporate Social Responsibility (CSR) i. Economic responsibility - CORRECT ANSWER -A
company must be profitable and financially sustainable.
Corporate Social Responsibility (CSR) ii. Legal responsibility - CORRECT ANSWER -A
company must obey laws and regulations.
Corporate Social Responsibility (CSR) iii. Ethical responsibility - CORRECT ANSWER -A
company should do what is morally right, fair, and just even beyond legal requirements.
Corporate Social Responsibility (CSR) iv. Philanthropic responsibility - CORRECT ANSWER -
A company voluntarily contributes to social welfare through donations, community service, or
charitable programs.
Instrumental view of CSR - CORRECT ANSWER -The instrumental view says CSR activities
are justified mainly because they improve profits, reputation, or long-term business success.
Social entrepreneurship - CORRECT ANSWER -Social entrepreneurship uses business methods
to solve social or environmental problems.
Capacity building - CORRECT ANSWER -Helping individuals or communities develop skills,
resources, and independence.
Answers (Verified Answers) 2026
Corporate Social Responsibility (CSR) - CORRECT ANSWER -CSR is the idea that businesses
have obligations not only to make profits but also to contribute positively to society.
Corporate Social Responsibility (CSR) i. Economic responsibility - CORRECT ANSWER -A
company must be profitable and financially sustainable.
Corporate Social Responsibility (CSR) ii. Legal responsibility - CORRECT ANSWER -A
company must obey laws and regulations.
Corporate Social Responsibility (CSR) iii. Ethical responsibility - CORRECT ANSWER -A
company should do what is morally right, fair, and just even beyond legal requirements.
Corporate Social Responsibility (CSR) iv. Philanthropic responsibility - CORRECT ANSWER -
A company voluntarily contributes to social welfare through donations, community service, or
charitable programs.
Instrumental view of CSR - CORRECT ANSWER -The instrumental view says CSR activities
are justified mainly because they improve profits, reputation, or long-term business success.
Social entrepreneurship - CORRECT ANSWER -Social entrepreneurship uses business methods
to solve social or environmental problems.
Capacity building - CORRECT ANSWER -Helping individuals or communities develop skills,
resources, and independence.
