Question

According to the theory of corporate social responsibility, any decision by corporate management should consider how an action affects the firm's?

Answer 1

According to the theory of corporate social responsibility, any decision by corporate management should consider how an action affects the firm's stakeholders.

Step-by-step explanation:

The theory of corporate social responsibility argues that any decision by corporate management should consider how an action affects the firm's stakeholders. Stakeholders can include shareholders, employees, customers, and the community. This theory suggests that corporations have a moral responsibility to balance the interests of all stakeholders and not solely focus on maximizing profits.