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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 bias in favor of decisions that have both good economic and good social consequences. True or false?

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estebanrochalp

Answer:

The answer is true.

Explanation:

Corporate social responsibility refers to the practice of considering the positive impact of an organization towards stakeholders- including employees and interested persons- and society at large. For example, a company that gives adequate pay to its employees- economic efficiency- and also offers organic products- which help maintain a healthy society- is a company that practices CSR, which is evidenced by its economic and social consequences.