Certified Supply Chain Professional (CSCP) Practice Exam

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Prepare for the Certified Supply Chain Professional (CSCP) Exam with an interactive quiz that assesses your knowledge through flashcards and multiple-choice questions. Each question includes hints and detailed explanations to reinforce your learning and help you get ready for the test.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following best describes the concept of corporate social responsibility?

Prioritizing profits above all else
Meeting the needs of stakeholders and the community
Focusing on short-term gains
Minimizing taxation

The correct answer is: Meeting the needs of stakeholders and the community

Corporate social responsibility (CSR) fundamentally revolves around the idea that businesses have a responsibility to society beyond simply generating profits. This concept emphasizes meeting the needs of stakeholders, which includes not only shareholders but also employees, customers, suppliers, and the broader community. By prioritizing these relationships and the well-being of the community, companies can contribute positively to society while still achieving their business objectives. This holistic approach encourages businesses to operate sustainably and ethically, ensuring that their impact on society is considered in all of their decisions. In contrast to this, the other options emphasize narrower or less socially responsible viewpoints. Prioritizing profits above all else dismisses the broader impact a company has, while a focus on short-term gains ignores long-term sustainability and community welfare. Minimizing taxation, while potentially beneficial from a financial perspective, does not align with the ethos of contributing to societal well-being, which is central to the idea of CSR.