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CORPORATE SOCIAL RESPONSIBILITY

April 2021 Examination

Ques 1. As a consultant to a company that is in online education, suggest any five CSR activities that the company can provide to the society.

Ans 1.

Introduction

Corporate Social Responsibility is a proper business management concept that refers to plans and strategies taken by companies those are included with social and environmental concerns in their business operations. The strategies have an impact on the world. The motto of this movement is to amelioration the sustainability of the environment. Taking significant features like using energy sources (renewable) and buying carbon counterbalances. Child labor and bondage is a matter of concern nowadays. These

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Ques 2. Explain various stakeholders and the responsibilities towards them for the company that manufactures steel.

Ans 2.

Introduction

Stakeholders are referred to as a group of people or individuals for whom a firm has power. The company shows its commitment to its stakeholders. The five foremost stakeholders are employees, creditors and government customers, owners. Firms are answerable to the general people for the corporate works. It must assist keep the environment safe. Employers always need a better environment to work. Firms also involve incorporating charity works (philanthropy). Enlightened companies are authorizing workers to undertake determinations about their goals. Empowering workers is the new

Ques 3a. Explain carol’s definition with reference to any company of your choice.

Ans 3a.

Introduction

Carroll illustrated the first and foremost economic responsibility. This responsibility includes economic, philanthropic, ethical, and legal expectations, and the four part definitional framework, which is called Carroll’s pyramid of CSR. Initially, the framework emphasized vivid characteristics like its stakeholder model, global usage, shreds of evidence of business seeking. More precisely this is a concept of a business in which the businessperson reasonably assumed some responsibilities. In

Ques 3b. Explain various steps involved in implementation of CSR for a company that sells computers and laptops.

Ans 3b.

Introduction

Corporate Social Responsibility is a proper business management idea that refers to plans and companies (Apple, Dell, and Lenovo) which are included with social and environmental concerns in their business operations take strategies. The strategies have an impact on the business world of laptops and computers. The purpose of this CSR activity is to amelioration the sustainability of the environment.

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