Corporate social responsibility means businesses have obligations to society beyond profits; which is an example?

• A. Focusing solely on maximizing shareholder value regardless of social impact.
• B. Redirecting all profits to executives' bonuses.
• C. Obligations to society beyond profits, including ethical conduct, environmental stewardship, and philanthropy.
• D. Reducing prices to undercut competitors.

Answer: (C)

Corporate social responsibility is about companies acting with obligations to society that go beyond making money, considering the impact on people, communities, and the environment. An example is conducting business ethically, protecting the environment, and giving back to the community through philanthropy. This illustrates the broader responsibility of organizations to society, not just to profit. Other options focus only on profits or short-term gains—maximizing shareholder value without regard for social impact, directing all profits to executives, or simply undercutting rivals on price. These do not embody the broader commitments to ethical conduct, sustainability, and social welfare that CSR represents.