Which of the following reflects a commitment to ethical practices?

Corporate Social Responsibility (CSR) represents a commitment to ethical practices as it encompasses a company's efforts to contribute positively to society while conducting its business. CSR initiatives can include environmentally sustainable practices, ethical labor practices, community engagement, and philanthropy. These efforts demonstrate a company’s dedication to operating not only for profit but also in a responsible manner that considers the social and environmental impacts of its operations.

In contrast, maximizing short-term profits often prioritizes immediate financial gain over ethical considerations, potentially leading to practices that harm employees, consumers, or the environment. Reducing operating hours for staff may negatively impact employee welfare without necessarily considering ethical implications, while increasing product prices can reflect profit motives without any guarantee of ethical practices behind pricing strategies. Hence, CSR stands out as a holistic approach to integrating ethical considerations into every aspect of a business.