The concept of corporate social responsibility (CSR) refers to the ide

QUESTION

The concept of corporate social responsibility (CSR) refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions.

Indicate whether the statement is true or false.

ANSWER

TRUE
The concept of corporate social responsibility (CSR) refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences.