MNGT 482 Chp 3

According to a Harris Interactive poll _____ of people think business has too much power.

85%

Which of the following are arguments against corporate social responsibility?

All of the above are arguments against corporate social responsibility.

The costs of corporate social responsibility may ultimately be passed on to the:

All of the above.

What was Fortune Magazine's 2009 America's Most Admired company?

Apple.

Positive reputation can be valued as an intangible corporate:

Asset.

Examples of modern day stewardship do not include:

Both A. and B., but not C.

According to David Korten:

Business has become most powerful entity on the planet.

Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because:

Business people do not have the skill-set to solve societal problems.

Which phrase of corporate responsibility occurred in the 1950-1960s?

Corporate Social Stewardship.

According to a modern day expression of the stewardship principle:

Corporate managers should balance the interests and needs of many diverse groups in society.

HP Brazil, a subsidiary of Hewlett-Packard, developed the Digital Garage project to:

Empower less privileged Brazilian youth with leadership, teamwork, IT and other skills to participate in the growing technological society.

The charity principle is a relatively new notion.

False

Through the Microsoft Unlimited Potential Program, people living in developing countries can receive a stripped down version of Windows for free.

False

What company took responsibility to dredge the New York Harbor in 2002?

General Electric.

Which of the following is not an argument in favor of corporate social responsibility?

Imposes unequal costs among competitors.

The iron law of responsibility says that:

In the long run, those who do not use power responsibly will lose it.

Odwalla began pasteurizing juices in order to:

Prevent the need for governmental regulation

Which of the following is not an argument in favor of corporate social responsibility?

Promotes short-term profitability for businesses.

Which of the following was not a reason for the wealthy to be philanthropic in the early 20th century:

Serving as "my brother's keepers".

According to Barlow v. A.P. Smith Manufacturing:

Socially responsible actions are an investment in the future, thus an allowable expense.

Which of the following is not an example of the charity principle?

Supporting a governmental protection agency.

A modern day expression of the charity principle does not include:

Taking a paternalistic approach to community affairs.

Johnson and Johnson's response to the Tylenol incident in the 1980s is an example of:

Taking a short term loss for a long run benefit.

Modern corporations should be socially responsible because:

They create jobs, influencing the lives of employees.

What company installed a wind turbine in the Dominican Republic?

Timberland.

A positive reputation allows a firm to attract a loyal customer base.

True

A primary benefit of enlightened self interest is an enhanced reputation.

True

Accompanying a firm's economic responsibility to its stakeholders are its legal obligations.

True

According to the stewardship principle, businesses act as trustees and should consider the interests of all who are affected by business decisions and policies.

True

According to the stewardship principle, professional managers are supposed to, but are not obliged to, see that everyone benefits from the company's action.

True

Corporate social responsibility implies that harm to people and society should be acknowledged and corrected if possible.

True

Enlightened self-interest means that companies are socially aware without giving up their own economic self-interest.

True

Laws and regulations help create an unleveled playing field for businesses that compete against one another.

True

One reason for a corporation to behave responsible is to discourage government regulation.

True

Pfizer pledged approximately $1.4 million for earthquake relief in China.

True

Putting all the emphasis on short-run maximum profits for stockholders can lead to policies that overlook the interests and needs of other stakeholders.

True

The Center for Corporate Responsibility is based at Boston College

True

The revenues of Toyota Motors in 2009 was roughly equal to the entire economic output of:

Venezuela

Which company was not recognized as a best corporate citizen in every year since 2009.

Whole Foods.

Corporations have a role in establishing their community's:

Economic growth.

Which of the following is true of General Motors in 2009.

They were a top 10 company in revenue even though they lost money.