Corporate Social Responsibility (CSR) 30 March 2023 1 Min Read Last Update: 12 April 2023 Quiz Time Welcome to Corporate Social Responsibility (CSR) Quiz You can practice as many times as you want until you get all the answers 100% right. Let's get Started Simon wants to measure the sustainability of PLG Engineering using the Triple Bottom Line approach. What are the three aspects of the Triple Bottom Line? Economic, social, and political. Economic, social, and environmental. Environmental, political, and technological. Social, environmental, and technological. What are the advantages or benefits of CSR for businesses? Improved reputation and brand image, increased customer loyalty and satisfaction, and enhanced employee morale and motivation. Increased sales, higher profits, and lower costs. Compliance with regulations and standards, better risk management, and increased competitiveness. All of the above. What are the disadvantages of CSR for businesses? Decreased sales, less profitability, and reduced competitiveness. Time-consuming reporting, social spending reduces business efficiency, and difficulty adhering to legislation. Increased financial risk, difficulty measuring effectiveness, and fruitless expenditure on social investment. All of the above. How can CSR initiatives help businesses attract investment and financing? By complying with environmental and social regulations and standards. By reducing the risk of fines and legal action. By promoting sustainable and responsible business practices. All of the above. Simon is the CEO of PLG Engineering and wants to implement CSR initiatives in the company. What are the key areas of concern that PLG Engineering should consider when designing CSR programmes? Protecting the environment, the wellbeing of employees, and the community. Ensuring compliance with laws and ethics. Promoting public interest and eliminating harmful practices. All of the above. 1 out of 5 Time is Up! Time's up Like what you read? Subscribe to our Newsletter Submit Subscribe to our email newsletter to get the latest posts delivered right to your email.