ExpertMedium2 marksMultiple Choice
ACCA · Question 09 · Syllabus B: Organisational structure, culture, governance and sustainability
HopeFoundation is a corporate entity that not only complies with all environmental laws and treats its employees ethically, but also actively donates 5% of its profits to local community education programs and encourages staff to volunteer on company time.
According to Carroll's CSR Pyramid, which level of responsibility is HopeFoundation demonstrating through its donations and volunteering?
HopeFoundation is a corporate entity that not only complies with all environmental laws and treats its employees ethically, but also actively donates 5% of its profits to local community education programs and encourages staff to volunteer on company time.
According to Carroll's CSR Pyramid, which level of responsibility is HopeFoundation demonstrating through its donations and volunteering?
Answer options:
A.
Economic responsibility
B.
Legal responsibility
C.
Ethical responsibility
D.
Philanthropic responsibility
How to approach this question
Identify the action: donating money and volunteering. In Carroll's pyramid, this represents the top tier of being a good corporate citizen.
Full Answer
D.Philanthropic responsibility✓ Correct
Carroll's CSR Pyramid has four levels: Economic (be profitable), Legal (obey laws), Ethical (do what is right), and Philanthropic (be a good corporate citizen). Donating profits and volunteering fall under Philanthropic responsibilities.
Common mistakes
Confusing Ethical with Philanthropic. Ethical is about fair practices; Philanthropic is about charitable giving and community improvement.
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