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: œA Business only responsibility is to produce profit. Corporate social responsibility (CSR) is to have a positive impact on the society. However , it is also œa 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

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