Question

True or False:

The reason many companies today are involved in social responsibility is because they are willing to sacrifice profits in order to do what's best for society.

Answer 1

The statement is: False.

Step-by-step explanation:

The main objective of every for-profit organization is generating revenue. In many cases, in an attempt of creating or increasing profits the company's activities harm the environment. It is true firms are aware of their social responsibility but they are unlikely to sacrifice profits to do what it is best for society. Companies' shareholders always prioritize their interests.