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Corporate social responsibility (CSR) involves businesses acting only within the requirements of the law and for the sole interest of their sharcholders. True False

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Corporate social responsibility (CSR) involves businesses acting only within the requirements of
the law and for the sole interest of their sharcholders.
True
False

Corporate social responsibility (CSR) involves businesses acting only within the requirements of the law and for the sole interest of their sharcholders. True False

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FfionMaster · Tutor for 5 years

Answer

False

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## Corporate Social Responsibility, or CSR, is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public. By practicing corporate social responsibility, also known as corporate citizenship, companies can be conscious of the type of impact they are having on all aspects of society, including economic, social, and environmental. <br /><br />## Hence, stating that CSR involves businesses acting only within the requirements of the law and for the sole interest of their shareholders is incorrect. It extends beyond the boundaries of legal obligation on a company and demands a commitment towards the broader societal good.
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