Social Responsibility (Grade 10 NSC Matric Business Studies): Flashcards

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What Is Social Responsibility?
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Definition of social responsibility

Taking ownership of how actions affect environment & others

Meaning of 'morally'

Principles guiding right from wrong behaviour

Meaning of 'ethically'

Acting per established rules & standards for conduct

What is a carbon footprint?

CO2 produced by activities of a person or company

Define Corporate Social Responsibility (CSR)

Business responsibility for impact on society & environment

Purpose of CSR

Give back to community & create positive social value

Goal of CSR

Positively impact communities, consumers, employees & environment

Two main principles of social responsibility

Act to benefit society; contribute to community wellbeing

Three common examples of social responsibility

Reducing carbon footprints, charity donations, volunteering

Four factors companies must consider in CSR

Human rights, community needs, environment, society wellbeing

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