Which of the following statements is true about the pyramid model of corporate social responsibility?
a. It states that philanthropy should be the most important function of a corporation.
b. It states that the economic responsibility of a corporation provides the foundation for its other responsibilities.
c. It states that governments and nonprofit organizations and not corporations should carry out social responsibility functions.
d. It states that social responsibility efforts should be focused on the external and not the internal stakeholders of a corporation.
ANSWER: b
One theorist suggests that total corporate social responsibility has four components: economic, legal, ethical, and philanthropic. The pyramid of corporate social responsibility portrays economic performance as the foundation for the other three responsibilities.
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