MGT CH 7
A 2011 survey of business firms by KPMG found:
D) A & C, but not B A. A steep increase in corporate social reporting. C. A majority of firms using the Global Reporting Initiative.
If a company acknowledges the need to build more coherent initiatives, it is in the innovative stage of becoming a corporate citizen.
False
Robert Civita, chairman and CEO of the Brazilian Abril Group, has defined global corporate citizenship as "socialism with a conscience."
False
Social audits look at what an organization does, not at the results of the actions.
False
The United Nations Global Compact is funded by:
B) Voluntary government and foundation contributions.
Financial, social and environmental results are reported together in a firm's:
C) Triple bottom line report.
Global corporate citizenship refers to putting an organization's commitment to social and environmental responsibility into practice locally.
False
According to The Economist, corporate citizenship is becoming increasingly important for the long-term health of companies.
True
In the first stage of corporate citizenship, the elementary stage, managers are uninterested and uninvolved with social issues.
True
The basis for corporate citizenship does not rely on the generosity of a firm's senior management or their awareness of their role as trustees of the public's interests.
True
There is no single universally accepted method for designing a CSR management structure.
True
Global audit social standards concentrate on:
D) All of the Above A. Internally focused economic benefits for the firm. B. Externally focused social benefits for the environment. C. Externally focused social benefits for key stakeholders.
Good corporate citizens:
D) All of the above A. Strive to conduct all business dealings in an ethical manner. B. Make a concerned effort to balance the needs of all stakeholders. C. Work to protect the environment.
Which of the following is not a motivation for publishing a corporate social report?
D) Avoiding transparency.
BSR (formerly Business for Social Responsibility) helps its 300 member companies:
D) Develop sustainable business strategies.
Which of the following organizations have developed standards to judge corporate performance?
A) International Organisation for Standards
Triple bottom line disclosure is primarily driven by:
A) Noneconomic drivers.
This Switzerland-based pharmaceutical firm was an early adopter of the Global Compact and used it to update its code of conduct.
A) Novartis.
The emerging trend in gathering audit information directly from workers using their mobile phones is called:
B) Crowd-sourcing.
There remain regional differences in the corporate citizenship challenges facing businesses due to:
B) Differences in attitudes, beliefs and culture.
The Ronald McDonald House charity, operated by McDonald's has been criticized for:
B) Diverting attention away from the company's contributions to the nation's obesity epidemic.
According to Philip H. Mirvis' and Bradley K. Googins' model, how many stages are there of global corporate citizenship?
B) Five
Companies see the need to build more coherent initiatives as they move into the:
B) Integrated stage.
A company earns its "license to operate" through filing its proper legal documents.
False
Companies whose citizenship profile best matches public expectations are least likely to benefit from strategic investments in corporate citizenship.
False
Corporate citizenship primarily focuses on a firm's social activities.
False
Global corporate citizenship is more than espoused values, it requires:
A) Action
Once a company enters the innovative stage of corporate citizenship, it will:
A) Begin reporting its efforts to stakeholders.
Sanford Limited, a small fishing company in New Zealand, made the following commitment(s) in its first triple bottom line report released in 2007:
B) To maximize positive social outcomes and economic growth and prosperity.
According to a survey conducted by The Economist in 2008, how many respondents say corporate citizenship can help increase their companies' profits?
C) 74%
Some companies have created a department of corporate citizenship to:
C) Centralize under common leadership wide-ranging corporate citizenship functions.
When a company decides to publicize information collected in a social audit, this is called:
C) Corporate social reporting.
This inter-American organization (North and South America) was created to unite organizations focusing on corporate social responsibility from Canada to Chile.
C) Forum Empresa.
When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called:
C) Global Corporate Citizenship.
The Universal Declaration of Human Rights states that each person:
C) Has the right to a standard of living adequate for the health and well-being of himself and of his family.
The major focus of ISO 14001 is to:
C) Support environmental management standards.
Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of an organization in the:
C) Transforming stage
Asian Forum on Corporate Social Responsibility gives awards for excellence in:
D) All of the Above A. Environmental management. B. Education. C. Poverty alleviation.
According to the scholar Simon Zadek six benefits of social audits include all of the following except.
D) Outperforming competitors financially in a businesses' industry.
A systematic evaluation of an organization's social, ethical, and environmental performance is called a(n):
D) Social audit.
An emerging trend in corporate reporting is the integration of legally required financial information with social and environmental information into a single report.
True
Corporate citizenship partnerships can exist between companies and stakeholders in other countries.
True
Global corporate citizenship activities help companies create legitimacy, reputation, and competitive advantage.
True
Triple bottom line reporting requires that a firm report financial data.
True