A business’s only responsibility is to produce profits. To what extent do you agree with this statement?

Essay

400 words + 10% leniency

Answer the following question (Worth 30 points):

A business’s only responsibility is to produce profits. To what extent do you agree with this statement?

Will be marked on content, analysis, argumentation and Harvard style referencing

Notes:

Use Harvard style referencing

Scheme for content (20 points)

Level    Descriptors    Marks

4    An opinion is given, backed with reasoning and justification    16-20

3    An opinion with examples is given. The benefits and costs of CSR are considered. Top marks go to students who provide examples.    12-15

2    Explains elements of CSR and some idea of costs and benefits to a company    6-11

1    Shows basic understanding of CSR    1-5

Marking scheme for Harvard referencing:

Level    Descriptors    Marks

4    Accurate Harvard style referencing, using at least 4 references and a bibliography of at least 2 sources at the end.    7-10

3    Partially accurate Harvard style referencing, using at least 3 references and a bibliography of at least 2 sources at the end    5-6

2    Mistakes, using only 2 or so references    3-4

1    Lack of references or many mistakes    1-2

Teacher’s Example/ Explanation:

Introduction:

A Business only responsibility is to produce profit.

Corporate social responsibility (CSR) is to have a positive impact on the society. However , it is also a company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates.

There are four elements of SCR, these are legal, ethical, economic and voluntarily

Legal: Relate this to your chosen business and think of the cost and benefits for their actions

Solution

This question has been answered.

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