Question
How is called the corporate activities demonstrating the inclusion of social and environmental as well as economic responsibilities in business operations as they impact all stakeholders to ensure the long-term survival of the corporation? A. Corporate Sustainability B. Corporate socia responsibility (CSR) C. Ethics of business D. Triple bottom line
Solution
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Stanford
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Answer
The answer is **A. Corporate Sustainability**.While the other options are related, Corporate Sustainability is the most encompassing term that describes the integration of social, environmental, and economic responsibilities to ensure long-term corporate survival. Here's why the other options aren't the best fit:* **B. Corporate Social Responsibility (CSR):** CSR is a *component* of corporate sustainability. It focuses primarily on the social and environmental impacts of a company's actions, but doesn't always explicitly link these to the long-term economic viability of the business.* **C. Ethics of Business:** Business ethics provides a framework for morally sound decision-making within a company. While important for sustainability, it's not the complete picture. Sustainability requires action and measurable outcomes, not just ethical considerations.* **D. Triple Bottom Line:** This concept refers to measuring a company's performance across three areas: social, environmental, and economic. It's a *framework* for assessing corporate sustainability, but not the overarching term for the activities themselves.