Which CSR dimension is defined as the expectation to follow legislation, seen as the enactment of society's moral views?

Prepare for the CIMA Managing Finance in a Digital World Test. Access flashcards and multiple choice questions with hints and explanations. Be ready for your exam!

Multiple Choice

Which CSR dimension is defined as the expectation to follow legislation, seen as the enactment of society's moral views?

Explanation:
The concept here is the legal dimension of corporate social responsibility, which is the expectation to comply with laws and regulations. Laws embody society’s moral views in codified form, so following them is the baseline for responsible conduct. This makes the legal dimension the best fit because it directly ties to enacting and adhering to legislation. The other dimensions describe different aspects: economic focuses on profitability, ethical on doing what’s morally right beyond legal requirements, and philanthropic on voluntary acts of giving to society.

The concept here is the legal dimension of corporate social responsibility, which is the expectation to comply with laws and regulations. Laws embody society’s moral views in codified form, so following them is the baseline for responsible conduct. This makes the legal dimension the best fit because it directly ties to enacting and adhering to legislation. The other dimensions describe different aspects: economic focuses on profitability, ethical on doing what’s morally right beyond legal requirements, and philanthropic on voluntary acts of giving to society.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy