Answered: (b) Suggest THREE (3) activities for…

(b) Suggest THREE (3) activities for Corporate Social Responsibility and explain why it is important to implement each of these activities.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

(b) Suggest THREE (3) activities for Corporate Social
Responsibility and explain why it is important to
implement each of these activities.

Expert Solution

Step 1

Corporate social responsibility (CSR) is a self-regulation activity that object is to achieve and support various social goals as a whole. All the things(physical and financial resources) are taken by the businesses from the society, hence it should give something in return too like activities of the charity, donations to NGOs, etc.

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