ITPEC IP April 2022 Question 69
ITPEC IP April 2022 — Question 69 of 100
Teaching local schoolchildren about food distribution is an example of corporate social responsibility. The company uses its expertise and local presence to contribute educational value to the community beyond the immediate goal of earning profit. Such engagement recognizes a company's responsibility to stakeholders and society.
Answer (a)
Why not others:
- an alliance is cooperation between organizations to pursue shared business objectives
- a core competence is a distinctive organizational capability that supports competitive advantage
- corporate governance is the framework for directing, supervising, and holding a company accountable
Key rule: CSR covers voluntary and accountable contributions to social, environmental, and community welfare through corporate activity.
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