Question

Which level of the pyramid of global corporate social responsibility and performance represents acompany's efforts to be a good global corporate citizen, such as supporting community programs? 79)
______

A) Legal responsibility
B) Economic responsibility
C) Ethical responsibility
D) Financial responsibility
E) Philanthropic responsibility

Answer 1

Answer:

E) Philanthropic Responsibility

Explanation:

The Corporate Social Responsibility (CSR) represents the four type of responsibilities an organisation or corporation has to engage in. The pyramid at the base has the economic responsibility which means the corporation has the responsibility to be profitable

The second from the base is the legal responsibility which means the corporation has the responsibility to obey the law

The third which is also the second to the top of the pyramid is the ethical responsibility which signifies the responsibility of the corporation to be ethical, fair and transparent in all its dealings.

The top of the pyramid represents Philanthropic Responsibilities rooted in the responsibility of the firm to make efforts to be a good corporate citizen of a given society. This can be done by ensuring and being part of the progress of the society in form of support, carrying out development projects among others.