MNGT482 CH3

According to a Harris Interactive poll, ____% of people think that business has too much power

85%

According to David Korten: A: Business has become most powerful entity on the planet B: Businesses should need to secure stockholder approval to engage in philanthropic practices. C: The iron law of responsibility is not valid D: Coca-cola has failed to protect the environment of Brazil

A

Odwalla began pasteurizing juices in order to: A: Prevent the need for governmental regulation B: Build good will through advertising C: Comply with disputed U.N. mandates D: Prevent Minute Maid for consolidating an important issue

A

Positive reputation can be valued as an intangible corporate: A: Asset B: Liability C: Charity D: Expense

A

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: Law is most important, more than social or economic responsibility D: In the long run, economic responsibility leads to social responsibility

A

The revenues of Toyota Motors in 2009 was roughly equal to the entire economic output of: A: Venezuela B: Peru C: Spain D: Colorado

A

What company took responsibility to dredge the New York Harbor in 2002? A: General Electric B: Merck C: Pfizer D: New York Power

A

Which of the following is not an argument in favor of corporate social responsibility? A: Imposes unequal costs among competitors B: Responds to changing stakeholders demands C: Corrects social problems caused by business D: Discourages government regulation

A

Which of the following was not a reason for the wealthy to be philanthropic in the early 20th century: A. Good publicity B: Serving as "My Brother's Keeper" C: Tax Provision D: Well publicized contest between the super wealthy

A

According to Barlow v. A.P. Smith Manufacturing: A: The law prohibited charitable contributions, at that time B: Socially responsible actions are an investment in the future, thus an allowable expense. C: Socially reponsible actions must be approved by a majority of the firm's stockholders. D: Charitable contributions were bad corporate investments for the short term.

B

According to modern day expression of the stewardship principle: A: Corporate managers should acknowledge business and society interdependence B:Corporate managers should balance the interests and needs of the many diverse groups in society. C: Voluntary actions should be taken to promote the social good. D: Both A and B, but not C

B

Examples of modern day stewardship do not include: A: A stakeholder approach to strategic corporate planning B: An attitude of enlightening and self-interest C: Developing social partnerships with needy Groups D: Both A&B, but not C

B

Johnson and Johnson's response to the Tylenol incident in the 1980s is an example of A: Maximizing short term profits B: Taking a short term loss for a long run benefit C: Poor uses of charitable resources D: Poor crisis Management

B

What company installed a wind turbine in the Dominican Republic? A: LaPlata B: Timberland C: Microsoft D: Constellation Energy

B

Which company was not recognized as a best corporation citizen in every year since 2009. A: Starbucks B: Whole Foods C: Intel D: Cisco Systems

B

Which phrase of corporate responsibility occurred in the 1950-60s? A: Corporate Social Stewardship B: Corporate Social Responsiveness C: Corporate/Business Ethics D: None of the Above

B

HP Brazil, a subsidiary of Hewlett-Packard, developed the digital garage project to: A: Promote the sale of PCs and notebook computers in the Brazilian consumer market B: Assist with natural resource conversation and recycling programs in their plant C: Empower less priveleged Brazilian youth with leadership, teamwork, IT and other skills to participate in the growing technological society. D: All of the above

C

Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because: A: Business people do not have the skill-set to solve these issues B: The private sector is not mandated to solve these issues C: Both A & B D: None of the Above

C

Which of the following is not an example of the charity principle? A: Endowing public libraries B: Supporting settlement houses for the poor C: Supporting a governmental protection agency D: Donating money to a family counseling center

C

A modern day expression of the charity principle does not include: A: Balancing the interests and needs of many diverse groups in society B: Expressions of corporate philanthropy C: Voluntary actions to promote the social good D: Taking a paternalistic approach to community affairs.

D

Corporations have a role in establishing their community's: A: Tax base B: Safety C: Economic Growth D: All of the above

D

Modern corporations should be socially responsible because: A: They are responsible to the stockholders of the company B: They create jobs, influencing the lives of employees C. They are highly profitable D: All of the above

D

The costs of corporate social responsiblity may ultimately be passed on to the: A: Employees through fewer heath benefits B: Consumer through high prices C: Investor through lower dividends D: All of the above

D

Which of the following are arguments against corporate social responsibility? A: Lowers economic efficiency and profits B: Imposes unequal costs among competitors C: Requires social skills business may lack D: All of the above are arguments against corporate social responsibility

D

Which of the following is not an argument in favor of corporate social responsibility? A: Discourages governmental regulation B: It balances businesses' power with their responsibility to act. C: Improves Business value D: Promotes short-term profitability for businesses

D

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

False

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

False

The charity principle is a relatively new notion

False

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

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

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

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

True

Walmart had more profits in 2009 than any other company

True

Which of the following is true of General Motors in 2009? a: They were not a top 10 company with regard to revenue b: They were a top 10 in profits c: They were a top 10 company in revenue even though they lost money. d: None of the above

b

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

True

What was Fortune Magazine's 2009 America's Most Admired company? A. Whole Foods B. Pfizer C. Apple D. Sun Microsystems

C