Which of the following statements are NOT correct about Corporate Social Responsibility (CSR)? Choose two answers.

Question

Which of the following statements are  NOT  correct about Corporate Social Responsibility (CSR)?  Choose two answers.

Answer

CSR is solely a voluntary practice and does not involve any regulatory or legal considerations.

Answer

CSR requires companies to take accountability for their social, environmental, and economic impacts.

Answer

Companies should evaluate and address the broader impacts of their decisions on primary stakeholders only.

Answer

CSR initiatives require financial investments and always decrease a firm profitability in the long-run.

Answer

The main purpose of CSR is to consider not only the shareholders' interest, but also stakeholders' interests.

Answer

Community engagement under CSR can be strategic, aiming to support sustainable community development rather than just profit making.

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