MGMT3880

Dan Price annually donated about what percentage of company profits to charity, according to the case Corporate Social Responsibility at Gravity Payments?

10 percent

What percentage of the 4,900 large and mid-cap firms surveyed issued CSR reports, according to the KPMG survey in 2017?

75 percent

Why would businesses seek to discourage government regulation through acts of corporate social responsibility?

Absence of regulation provides businesses with increased freedom in their decision making.

Identify the political and economic systems used today in China.

Authoritarianism and free enterprise

Which sector of society tends to disregard the long-term impacts of their actions?

Business

Match

Business- Prevent damage to their reputation Government- Protect their tax revenue and foreign exchange Civil Society-Prevent human rights abuses

Drag and drop the goals of the sectors within the Kimberley Process against the corresponding sectors.

Business-Preserving the reputation of diamonds as a romantic symbol Government-Protecting legitimate diamond businesses Civil Society-Protecting consumers from inadvertently supporting civil war

Match the sector on the left with the strengths on the right that each sector brings to the task of eliminating conflict minerals from the electronics supply chain, according to the case Intel and Conflict Minerals.

Business-Purchasing power Government-Legal authority Civil Society-Local knowledge

Match the sector (in the left column) with the associated weakness (in the right column)..

Business-Short-term focus Government-Bureaucratic Civil Society-Few financial resources

The role that most influenced a firm's corporate social responsibility program, according to the BSR survey, was the _____.

CEO

As globalization has expanded, the number of organizations related to which sector of society has grown dramatically to deal with related social issues?

Civil society

The Kimberley Process was developed by a global action network to solve which social problem?

Conflict diamonds

Visionary CEOs clearly see citizenship as an opportunity to create which benefits for their organizations? (Check all that apply.)

Create value for the firm Gain a competitive advantage

The reputation of a firm refers to which company characteristic?

Desirable and undesirable qualities

Match the stage of global corporate citizenship with its correct strategic intent listed.

Elementary, Legal compliance. Engaged, License to operate. Innovative, Business case. Integrated, Value proposition. Transforming, Market creation or social change.

True or false: A firm can only implement a single globalization strategy at any given time.

False

True or false: Intel worked to eliminate all minerals sourced from the DRC, according to the case Intel and Conflict Minerals.

False

True or false: The RepTrak® model examines only companies in America.

False

How is the theory of comparative advantage used to improve productivity? (Check all that apply.)

Free trade Specialization Doing what one does best

Democracy is accurately described by which of these features? (Check all that apply.)

Freedom of religion Freedom to express political views Fair elections

Match the globalization strategy on the left with its correct description on the right.

Global market channels- A firm first builds a successful business in its home country and then exports its products or services to buyers in other country. Global operations- A firm establishes manufacturing plants or service functions abroad. Global supply chains- A firm subcontracts manufacturing to suppliers located abroad.

Correctly identify the features of a central state control economic system. (Check all that apply.)

Government ownership Most markets are illegal

Vulture funds are most likely to harm which type of country?

Heavily indebted

Which type of corporate social reporting has taken off in Japan, Brazil, Mexico, and Spain, according to the KPMG survey in 2017?

Integrated reporting

The term globalization can be accurately defined by which statement(s)? (Check all that apply.)

It involves the increasing movement of products and capital across national borders. As a process, it is an ongoing series of interrelated events.

How does globalization benefit consumers? (Check all that apply.)

It tends to lower the price of goods. It tends to increase economic productivity.

When a business starts operations in another country, what is the cost to workers in the home country? (Check all that apply.)

Job insecurity Stagnant wages Lower wages

In a democracy, ruling power is typically split between which branches of government? (Check all that apply.)

Judicial Legislative Executive

The Global Reporting Initiative (GRI) Guidelines are characterized by which of these statements? (Check all that apply.)

Many global business representatives work together to develop the Guidelines. The Guidelines provide common metrics for firms to compare their performance with other firms.

Why is addressing economic performance no longer enough for business?

Many investors link economic performance to social issues.

Which social issue did Dan Price address by lowering his own yearly salary to $70,000, according to the case Corporate Social Responsibility at Gravity Payments?

Massive income inequality

How do recipients benefit from microfinance? (Check all that apply.)

Micro loans can be secured without collateral. Small loans help farmers manage their land. Small loans help entrepreneurs grow their businesses.

At what level of the global wealth pyramid would $10,000 to $100,000 in individual assets fall?

Middle class

Correctly identify how political and economic freedoms are related. (Check all that apply.)

Open economic markets often give people more resources to successfully participate in politics. The more control people gain over government decisions, the more likely they will increase their economic freedom.

Income is defined by which of the following?

Periodic earnings

What is one unintended consequence of the World Bank and the IMF loaning large amounts of money to developing nations?

Persistent poverty remained.

What are some advantages of having a good corporate reputation? (Check all that apply.)

Repeat purchases by loyal customers Increased attractiveness to employees

According to the United Nations, this multinational enterprise had the largest amount of foreign assets in 2016.

Royal Dutch/Shell

What is the primary purpose for government requiring an independent certification of B corporations?

So the firm proves they are socially responsible, not just making a claim.

What benefits do global customers at the bottom of the pyramid enjoy? (Check all that apply.)

Social development is increased. Immediate needs are satisfied. Employment opportunities are expanded.

What term is used to define the organizations created by social entrepreneurs?

Social ventures

Why do government officials typically support corporate social responsibility goals?

The government wants to ensure business compliance with regulations that protect the public.

When a business applies resources to social programs, some argue that they risk lowering which business indicators? (Check all that apply.)

Their economic efficiency Company profits

Which statement(s) below are accurate regarding B corporation certification? (Check all that apply.)

They must meet independent, social and environmental performance standards. Performance is evaluated by the organization's impact on the community, employees, consumers, and the environment.

What was the primary reason China adopted a free enterprise market system?

To increase economic development

What is the primary purpose of the RepTrak® model?

To quantify how CSR is used across various industries and nations

True or false: According to the Global Reporting Initiative (GRI), when companies consider sustainability, they must consider economic, environmental, social, and governance areas of their performance and impacts.

True

True or false: As businesses have become more committed to citizenship, specialized consultancies and professional associations for managers with responsibility in this area have emerged.

True

When developed nations extend monetary aid to indebted countries, this is called _____.

debt relief

The benefit(s) of publishing social audit performance results include(s) _____. (Check all that apply.)

improving the firm's overall performance helping businesses gauge social progress identifying stakeholder needs

A strategy of acquiring or merging with a foreign firm in order to reduce corporate tax obligations at home is called _____.

inversion

A major trend in corporate social reporting is _____.

publishing a single integrated report that combines legally required financial data with social and environmental results

The core mission of a social entrepreneur is to create and sustain ______.

social value

When a firm relocates its operations specifically to avoid raising wages, this is called _____.

the race to the bottom

A recent BSR survey found that the goal of most corporate citizenship managers is to integrate corporate social responsibility with a company's _____. (Check all that apply.)

values operations culture

Assets accumulated up to a point in time are called ______.

wealth

A for-profit business model that blends social and financial goals for the purpose of solving social problems is called a(n)

B corporation.

Identify the difference(s) between a B corporation and a benefit corporation. (Check all that apply.)

B corporations must achieve a minimum performance score to retain their status, but benefit corporations self-report their progress. B corporations are certified entities, but benefit corporations are incorporated.

Match each sector (in the left column) with its correct resource4 (in the right column).

Business-technical knowledge Government-Policy knowledge Civil Society-community knowledge

What benefits have microfinance lenders realized? (Check all that apply.)

Developed a global trend in micro loans. Helped millions of people. Increased profits.

Place the five stages of global corporate citizenship in their correct order. (Place Stage 1 on top.)

Elementary Engaged Innovative Integrated Transforming

A social audit is a systematic evaluation of an organization's performance related to which business goal(s)? (Check all that apply.)

Environmental Social Ethical

How do U.S. companies that use tax inversion save money? (Check all that apply.)

By loading up their U.S. subsidiary with debt. By buying stock internally.

Why would a firm be interested in selling their products to people at the bottom of the pyramid? (Check all that apply.)

Collectively the market is vast. People at this level are often willing to pay a "poverty premium."

Identify the true statements regarding the impacts of globalization _____. (Check all that apply.)

It exerts an influence on the economics of virtually every country in the world. It leads to the spread of technology, culture, and politics. It has an indirect or direct influence over international politics.

Why did many commentators expect the trend of inversion to slow after the 2018 U.S. tax legislation was passed?

U.S. corporate tax rates were decreased from 35 percent to 21 percent.

What are the specific concerns regarding the financial costs to firms who implement corporate social responsibility (CSR)? (Select all that apply.)

Unequal costs among competitors often develop. Hidden costs are often passed on to stakeholders.

How do vulture funds take advantage of weak and indebted companies? (Check all that apply.)

Vulture funds buy the defaulted debt at a discount. Vulture funds sue the company and demand repayment of loans with interest.

True or false: The United States took action to require disclosure of the source of tantalum used in products through the Dodd-Frank Act.

True

What is the current primary motivator for most companies to publish social responsibility reports, according to one study?

Ethical concerns

Match the international organization (in the left column) with its primary function (in the right column).

World Bank-Provides economic development loans to members International Monetary Fund-Lends foreign currency to members World Trade Organization-Establishes international trade rules

If a company wanted to file a complaint about a global trade issue, which organization would they contact?

World Trade Organization

According to the textbook, JP Morgan Chase (a bank) is a transnational organization because it _____.

controls banking assets in over 60 countries