Suppose that an automobile manufacturing company has to choose between two alternatives: contributing $1 million annually to the United Way or reinvesting the $1 million in the company. In terms of ethics and social responsibility,
which is the better choice?

Respuesta :

Answer: Contributing one million dollars to the United Way annually.

Explanation:

United Way is a charitable organization which champions the course of better health, education, as well as, financial stability of people in the community. They are sponsored by donations.

Companies have a corporate social responsibility towards people in their host communities and the society at large. Being socially responsible is an aspect of business ethics which helps companies make an impact to their society. This impact could be health wise, materially, or environment -friendly. It is not mandated by law.

Therefore, if the automobile manufacturing company contributes $ 1 million annually to the United Way, it is helping spearhead a charitable course in terms of ethics and social responsibility.

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