What is the term for the practice of business ethics by a corporation?

What is the term for the practice of business ethics by a corporation?

• A. Corporate Social Responsibility (CSR)
• B. Utilitarianism
• C. Rights and Duties
• D. Ethical Sourcing

Answer: (A)

The term that describes how a company blends ethics into its operations and responsibilities to society is Corporate Social Responsibility. CSR means going beyond just making a profit and legal compliance to consider the impacts on stakeholders—employees, customers, communities, and the environment—through ethical practices, sustainable operations, transparent governance, and social engagement. Utilitarianism is a moral theory that weighs actions by their overall happiness or welfare outcome, not a specific corporate practice. Rights and Duties refers to a deontological framework focused on rights and obligations, not a business-label term. Ethical Sourcing concerns choosing suppliers who meet certain ethical standards, and while it fits under CSR, it’s a specific aspect rather than the whole approach.

The term that describes how a company blends ethics into its operations and responsibilities to society is Corporate Social Responsibility. CSR means going beyond just making a profit and legal compliance to consider the impacts on stakeholders—employees, customers, communities, and the environment—through ethical practices, sustainable operations, transparent governance, and social engagement.

Utilitarianism is a moral theory that weighs actions by their overall happiness or welfare outcome, not a specific corporate practice. Rights and Duties refers to a deontological framework focused on rights and obligations, not a business-label term. Ethical Sourcing concerns choosing suppliers who meet certain ethical standards, and while it fits under CSR, it’s a specific aspect rather than the whole approach.