MNB 1501 UPDATED Test Questions and CORRECT Answers

Corporate Social Responsibility (CSR) Companies' acknowledged responsibility to society. Is the responsibility of the company for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior. Corporate Citizenship (CC) is the recognition that the organization is an integral part of the broader society in which it operates, affording the organization standing as a juristic person in the society with the rights but also the responsibility and obligations. Triple Bottom Line (TBL) A business strategy that includes social, economic, and environmental criteria. Advocates that a company's ultimate worth should be measured in financial, social and environmental terms. Business ethics A subset of ethics that focuses on deciding between right and wrong in the workplace and in business generally