Consider the following arguments about CSR:
It helps avoid government regulation and strengthens company’s public image.
It imposes unnecessary costs on businesses, which may ultimately burden consumers.
Which of these statements reflect supporting arguments and which reflect criticisms of CSR?
Match the following categories of social responsibility of business with their descriptions:
A. Economic Responsibility — (i) Voluntary philanthropic contributions
B. Legal Responsibility — (ii) Compliance with laws and regulations
C. Ethical Responsibility — (iii) Moral expectations not mandated by law
D. Discretionary Responsibility — (iv) Producing profitable products and services
Which of the following is the correct match?