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Corporate Responsibility and Ethics

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Compare and contrast corporate social responsibility and ethics?

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Solution Summary

This solution exemplifies Corporate Responsibility and Ethics. References are also provided to further validate the findings.

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Corporate Responsibility and Ethics

Since firms and corporations operate in a social and natural environment, they become accountable to the natural and social environment in which they survive; hence, the concepts of Corporate responsibility and ethics. Responsibility and Ethics are closely related. The corporate sense of responsibility redounds to their ethical values and practices.
Corporate responsibility is also termed corporate or business social responsibility. It has been defined differently by different groups. Generally, it may refer to "the concept that an organization has obligations not just to conduct its business and adhere to ...

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