Social responsibility in business - Legal and ethical behavior - correct answer ✔✔Acting within the law in
all of the nations in which they conduct business.
Social responsibility in business - Sustainability - correct answer ✔✔Earth-friendly business practices.
Having business practices, products, and services that do not harm the environment in the present nor in
the future.
Social responsibility in business - Commitment to the community - correct answer ✔✔Investing in the
well-being of the communities in which the business operates as well as the greater world.
4 reasons to be socially responsible - correct answer ✔✔1. Avoid government fines
2. Seek positive public image
3. Demonstrate to customers and employees the company's goals and values
4. Protect the company's interests
3 links between supply chain management and social responsibility - correct answer ✔✔1. Eliminate
waste
2. Legal and ethical business practices
3. Improve quality of life
3 Challenges of being socially responsible - correct answer ✔✔1. What is the right thing to do? If you
research any socially responsible product/business you will likely find detractors that it does more harm
than good.
2. Monitoring supply chain partners: Its extremely difficult to make sure all your partners are being sr
3. Tracking outcomes across the supply chain: knowing the level of the problem today and then
monitoring the outcomes of changed policies will require good relationships with supply chain partners
willing to share their data.
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