CSR is aconcept that describes the responsibilitiesofabusiness to communities, stakeholders, and ownersoverand above what is required bylegislation and regulation.

Exercise

Spendapproximately 10 minutes on thisexercise.

Whichofthe following definitions do you think bestdescribes the concept of CSR?Note down some short reasons for your answer.

(a) CSRisaconcept that explores the obligations of businessestotheir owners.

(b) CSRisaconcept that explores the appropriate degree of legislation and regulation as they applytobusinesses.

(c)CSR is aconcept that describes the responsibilitiesofabusiness to communities, stakeholders, and ownersoverand above what is required bylegislation and regulation.