CORPORATE SOCIAL RESPONSIBILITY Definition

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CORPORATE SOCIAL RESPONSIBILITY (CSR), also known as corporate social investment, corporate responsibility, corporate citizenship, responsible business, sustainable responsible business (SRB), or corporate social performance, is a form of corporate self-regulation integrated into a business model. Ideally, CSR policy would function as a built-in, self-regulating mechanism whereby business would monitor and ensure its adherence to law, ethical standards, and international norms.

Learn new Accounting Terms

DOCUMENTARY CREDIT is an arrangement by banks for settling international business transactions. A letter of credit is a form of documentary credit.

CREDIT CARD is a card authorizing purchases on credit at a predetermined interest rate and payment conditions.

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