BUS 100 Lesson 3 Reading Quiz
The iron law of responsibility says that: a) In the long run, those who do not use power responsibly will lose it. b) In the short run, sacrifice social goals for economic goals. c) In the long run, economic responsibility leads to social responsibility. d) Law is most important, more than social or economic responsibility.
A
What is one advantage of operating as a B corporation? a) Government certifications are frequently conferred. b) Audits are not required. c) They are tax-free organizations. d) Financial reporting is not required.
A
Which of the following companies is being the most socially responsible? a) A company trying its best to operate in a way which will help local students get education and jobs. b) A company halting its production of toxic gases after it discovered that people objected to this practice and threatened legal action. c) A company changing its product design to comply with regulatory mandates. d) A company trying to maximize its profits and then contributing to an environmental protection fund.
A
Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because: a) Neither of these answers is correct. b) Business people do not have the skill set to solve societal problems. c) Both of these answers are correct. d)The private sector is not mandated to solve these issues.
C
Some companies have created a department of corporate citizenship to: a) Adopt the United Nations' Global Compact Principles. b) Narrow the job of the public relations office. c) Decentralize under common leadership wide-ranging corporate citizenship functions. d) Centralize under common leadership wide-ranging corporate citizenship functions.
D
Which of the following examples does not show a company guided by enlightened self-interest? a) A company breaking past records by maximizing quarterly profits. b) A company providing assistance to employees who attend evening college. c) A company vice-president invited to attend a local community's town planning meeting. d) A company providing the best quality product at a fair price.
A
An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called: a) B Corporation. b) B Lab. c) Balanced Corporation. d) CSR Corporation.
A
The capability of corporations to influence government, the economy, and society, based on their organizational resources is called: a) Corporate media. b) Corporate power. c) CEO power. d) Corporate citizenship.
B
Which of the following statements is true about corporate social responsibility? a) Corporations should be accountable for any actions that affect people, their communities, and the environment. b) Both of these answers are correct: Businesses should monitor and prevent social problems in advance of their becoming major issues; and corporations should be accountable for any actions that affect people, their communities, and the environment. c) Businesses should monitor and prevent social problems in advance of their becoming major issues. d) A company should seek maximum profits from its operations in order to provide the best for society.
B
Companies demonstrate global corporate citizenship by: a) Building reactive stakeholder partnerships. b) Integrating concern for both financial and social performance. c) Finding business opportunities that serve society d) Both of these answers are correct: Finding business opportunities that serve society and integrating concern for both financial and social performance.
D
