Which of the following is the principle of corporate responsibility?Select one:a.Trusteeship principleb.Principle of Stewardshipc.Principle of charityd.All of these
Question
Which of the following is the principle of corporate responsibility?Select one:a.Trusteeship principleb.Principle of Stewardshipc.Principle of charityd.All of these
Solution
The principle of corporate responsibility can be seen in all of the options provided.
a. Trusteeship principle: This principle suggests that businesses should be run for the benefit of all stakeholders, not just the owners. The business leaders act as trustees who manage the business on behalf of various stakeholders.
b. Principle of Stewardship: This principle is about taking responsibility for the well-being of the organization and its stakeholders, including the environment and society at large.
c. Principle of charity: This principle suggests that businesses should contribute to charitable causes as part of their corporate responsibility.
So, the answer is d. All of these.
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