Which model suggests corporate social responsibility includes economic, legal, ethical, and philanthropic responsibilities?

Which model suggests corporate social responsibility includes economic, legal, ethical, and philanthropic responsibilities?

• A. Pyramid of corporate social responsibility
• B. Corporate citizenship model
• C. Stakeholder impact model
• D. Triple bottom line model

Answer: (A)

The model that suggests corporate social responsibility encompasses economic, legal, ethical, and philanthropic responsibilities is known as the Pyramid of Corporate Social Responsibility. This framework, developed by Archie Carroll, is structured in a pyramid shape with four layers representing the different types of responsibilities a corporation has. At the base is the economic responsibility, which emphasizes the requirement for businesses to be profitable. Above that is the legal responsibility, indicating that companies must comply with laws and regulations. The next layer addresses ethical responsibilities, which go beyond legal obligations to include moral considerations and ethical standards in business practices. Finally, at the top of the pyramid is philanthropic responsibility, which encompasses a corporation's voluntary actions to contribute to the community and improve societal welfare. This comprehensive view highlights how businesses are expected to operate both successfully and ethically within society.

The model that suggests corporate social responsibility encompasses economic, legal, ethical, and philanthropic responsibilities is known as the Pyramid of Corporate Social Responsibility. This framework, developed by Archie Carroll, is structured in a pyramid shape with four layers representing the different types of responsibilities a corporation has. At the base is the economic responsibility, which emphasizes the requirement for businesses to be profitable. Above that is the legal responsibility, indicating that companies must comply with laws and regulations. The next layer addresses ethical responsibilities, which go beyond legal obligations to include moral considerations and ethical standards in business practices. Finally, at the top of the pyramid is philanthropic responsibility, which encompasses a corporation's voluntary actions to contribute to the community and improve societal welfare. This comprehensive view highlights how businesses are expected to operate both successfully and ethically within society.