Chapter 3
T
A positive reputation allows a firm to attract a loyal customer base
T
A primary benefit of enlightening self interest is an enhances reputation
Business has become most powerful entity on the planet
According to David Korten
empower less privilege Brazilian youth with leadership, teamwork, IT and other skills to participate in the growing technological society
HP Brazil, a subsidiary of Hewett-Packard, developed the Digital Garage project to:
taking a short-term loss for a long run benefit
Johnson and Johnson's response to the Tylenol incident in the 1980s is an example of
prevent the need for governmental regulations
Odwalla began pasteurizing juices in order to
taking a paternalistic approach to community affairs
a modern day expression of the charity principle does not include
T
accompanying a firm;'s economic responsibility to is stakeholders are its legal obligations
corporate managers should balance the interest and needs of many diverse groups in society
according to a modern day expression of the stewardship principle
socially responsible actions are an investment in the future, thus an allowable expense
according to barlow v. A.P. smith manufacturing:
T
according to the stewardship principle, businesses act as trustees and should consider the interests of all who are affected by business decisions and policies
F
according to the stewardship principle, professional managers are supposed to, but are not obliged to, see that everyone benefits from the company's actions
T
corporate social responsibility implies that harm to people and society should be acknowledged and corrected if possible
economic growth
corporations have a role in establishing their community's:
T
enlightened self-interest means that companies are socially aware without giving up their own economic self-interest
both A, B but not C
examples of modern day stewardship do not include
F
laws and regulations help create an unleveled playing field for businesses that compete against one another
they create jobs, influencing the lives of employees
modern corporations should be socially responsible because
T
one reason for a corporation to behave responsible is to discourage government regulations
T
pfizer pledge approx $1.4 million for earthquake relief in China
asset
positive reputation can be valued as an intangible corporate
business people do not have the skill-set to solve societal problems
proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because
T
putting all the emphasis on short-run maximum profits for stakeholders can lead to policies that overlook the interests and needs of other stakeholders
T
the center for corporate responsibility is based at Boston College
F
the charity principle is a relatively new notion
all of the above
the costs of corporate social responsibility may ultimately be passes on to the
in the long run, those who do not use power responsibly will lose it
the iron law of responsibility says that
venezuela
the revenue of toyota motors in 2009 was roughly equal to the entire economic output of:
T
through the microsoft unlimited potential program, people are living in developing countries can receive a stripped down version of windows for free
F
walmart had more profits in 2009 than any other company
Timberland
what company installed a wind turbine in the dominican republic
general electric
what company took responsibility to dredge the NY Harbor in 2002
apple
what was Fortune Magazine's 2009 America's most admired company
whole foods
which company was not recognized as a best corporate citizen in every year since 2009
all of the above are arguments against corporate social responsibility
which of the following are arguments against corporate social responsibility
Imposes unequal costs among competitors
which of the following is not an argument in favor of corporate social responsibility
Promotes short-term profitability for businesses
which of the following is not an argument in favor of corporate social responsibility
supporting a governmental protection agency
which of the following is not an example of the charity principle
they were a top 10 company in revenue even though they lost money
which of the following is true about general motors in 2009
tax provision
which of the following was not a reason for the wealthy to be philanthropic in early 20th century
corporate social stewardship
which phrase os corporate responsibility occurred in the 1950-60s
85%
According to a Harris Interactive poll -- of people think business has too much power
