CSR 10-2-24

What does social responsibility of business primarily mean?

• Minimizing costs for the organization

• Maximizing profits for shareholders

• Focusing solely on customer satisfaction

• Social commitment of business towards different groups

Who are considered stakeholders in a business?

• Only customers

• All those who participate in some way in the activities of the organization

• Only employees

• Only shareholders

What is one responsibility of a business towards its shareholders?

• Providing free products

• Offering discounts

• Return on their investment

• Ignoring their suggestions

Which of the following is a responsibility towards employees?

• Fair wages and salaries

• High turnover rates

• No participation in decision making

• Limited training opportunities

What is a responsibility of a business towards its customers?

• Ignoring customer feedback

• Overcharging for products

• Regular supply of goods

• Providing false information

What should a business do to maintain a good relationship with creditors and suppliers?

• Delay payments

• Provide accurate and relevant information

• Increase prices unexpectedly

• Avoid communication

What is one responsibility of a business towards the government?

• To monopolize the market

• To engage in corrupt practices

• To abide by the laws of the land

• To avoid paying taxes

Which of the following is a responsibility towards society/environment?

• To promote pollution

• To ignore cultural values

• To help the weaker sections of society

• To exploit natural resources

What does Corporate Social Responsibility (CSR) entail?

• Maximizing profits at all costs

• Managing social, environmental, and economic effects responsibly

• Focusing only on shareholder interests

• Avoiding community engagement

What is one of Palawan Pawnshop's missions in CSR?

• To reduce employee benefits

• To limit educational opportunities

• To increase prices

• To give back to the community