Manag., January-2017-Q48
48Match the items of List–I with List-II and identify the code of correct matching:
| List–I (CSR Models) | List–II (Emphasis) |
| (a) Ethical Model | 1. Corporate responsibilities limited to private owners. |
| (b) Statist Model | 2. Voluntary commitment by companies to public welfare |
| (c) Liberal Model | 3. State ownership and legal requirements determine corporate responsibilities. |
| (d) Stakeholder Model | 4. Companies respond to the need of customers, communities, etc. |
- Option : A
- Explanation : Table : Four Models of Corporate Social Responsibility
Model Emphasis Proponent Ethical Voluntary commitment by companies to public welfare Mahatma Gandhi Stalist State ownership and legal requirements determine corporate responsibilities Jawaharlal Nehru Liberal Corporate responsibilities limited to private owners (shareholders) Milton Friedman Stakeholder Companies respond to the needs of stakeholders–customers, creditors, employees, communities, etc. R. Edward Freeman
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