Corporate Social Responsibility Practice Test 2026 – Complete Exam Prep

Question: 1 / 400

Which of the following is NOT one of the four basic pillars of conscious capitalism?

Higher Purpose

Stakeholder orientation

Cost leadership

In the context of conscious capitalism, the four basic pillars are Higher Purpose, Stakeholder Orientation, Conscious Culture, and Conscious Leadership. These elements work together to promote a business philosophy that encompasses ethical practices, sustainability, and a focus on the broader impact of businesses on society.

Cost leadership, while an important strategy in traditional business models, does not align with the principles of conscious capitalism. This strategy primarily emphasizes minimizing costs to maximize profits, which may lead to practices that neglect broader social responsibilities or stakeholder well-being. In contrast, the pillars of conscious capitalism encourage companies to prioritize purpose, ethics, and relationships with various stakeholders over merely achieving the lowest cost of production.

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Conscious culture

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