Business Ethics Chapter 2

The narrow view of corporate citizenship focuses solely on

corporate community relations

Carroll's corporate social performance model can be used in all of the ways listed below except

providing answers to specific social problems

A survey done by Walker Information shows that the public believes that CSR does not factor into a company's reputation at all.

False

An argument for corporate social responsibility is that it helps business compete in the global economy.

False

Friedman never proposed that businesses had any obligation to act ethically.

False

In order to operate with a true stakeholder perspective, firms must accept the multiple bottom line (핵심요점) view.

True

Proponents (지지자) of the concept of corporate social responsiveness believe that the focus of corporate social responsibility on accountability (책임)_ or obligation is not dynamic enough to describe business's willingness (자진성) and activity to respond to social demands.

True

Research has indicated that improvements in corporate social performance are associated with improved financial results.

True

The socially responsible firm should strive to do all of the following EXCEPT

obey the preferred laws

Corporate social responsibility emphasizes

obligation and accountability

The fact that business leaders in the late 19th century felt they had to show that large corporations were a force for social good is an example of

paternalism

Which entity publishes "The 100 Best Companies to Work For"?

Fortune Magazine

Corporate social responsiveness is focused on the action phase of management response to social demands.

True

According to the Business Case for CSR, a reason companies are becoming more socially responsible is all of the following except

Access to capital

is depicted (묘사하다) as an action- oriented variant of CSR

Corporate Social Responsiveness

The corporate social performance concept has not yet spread (펼치다) to the business community

False

Which entity publishes annual "World's Most Admired Companies" rankings?

Fortune Magazine

The portrays the concurrent fulfilhnent of the firm's economic, legal, ethical and philanthropic responsibilities

Pyramid of Corporate Social Responsibility

A society more satisfied with corporate social responsiveness, performance, and citizenship will invariably (변함없이) have reduced criticism (비난) of business.

True

Carroll's Corporate Social Performance Model helps managers understand that social responsibility is separate and distinct from financial performance.

True

Social screening is the mechanism by which socially conscious (의식하는) investors choose their investment advisors.

True

The CSR Pyramid is a stakeholder model--that is, each of its components addresses different stakeholders.

True

The company town, in which a major employer builds homes and commercial buildings, and provides the goods and services needed by its employees, is an example of paternalistic (가부장적) social responsibility.

True

The marketplace in the classical view of economics, while being a good allocator of goods and services, does not do a good job of ensuring (보장하다) that business always acts fairly and ethically.

True

The early definition of corporate social responsibility was

a. seriously considering the impact of the company's actions on society.

Corporate Social Responsiveness emphasizes

action and activity

The part of corporate social responsibility that focuses on fair prices and profits is

economic

The modern era of corporate social responsibility (from the 1950s to today)

emphasizes specific issues

The part of corporate social responsibility that focuses on activities and practices that are expected by society, but not codified into law, is

ethical

Benefits to companies of good corporate citizenship include all of the following except

fewer government regulations

Which of the following is not a dimension of Carroll's corporate social performance model?

funding sources

The argument against CSR focuses on the consequence of the requirement that business must internalize costs that it formerly passed on to society in the form of dirty air and unsafe products, the costs of which might necessitate raising prices.

global competitiveness

The first and primary argument for corporate social responsibility is

it is in business's long range interest to be socially responsible.

The part of corporate social responsibility that focuses on fulfilling the social contract by following the law is

legal

The concept of business responsibility based on using laws to constrain (강요,하게 만들다) business behavior is referred to as the

legal model

The view of corporate citizenship that embraces (포용) all that is implied in the concepts of social responsibility, responsiveness, and performance is the view.

limited

Which of the following is not a characteristic of a socially responsible company?

makes above average financial returns

corporate social performance emphasizes

outcomes and results

Which of the following practices is not a modification of the classical economic model?

owner control

The Triple Bottom Line encompasses (포함하다) all of the following spheres of performance except

philanthropic

The part of corporate social responsibility that focuses on business's voluntary activities which are not normally expected of a firm is

philanthropic

The most efficient use of corporate wealth to benefit the public is though contributions to charity and other worthy causes which is called

philanthropy

Which of the following is not one of the responsibilities in Carroll's four-part defrnition of corporate social responsibility?

social

The relationship between corporate social performance and financial performance is viewed from three different perspectives. The most popular view is based on the belief that

socially responsible firms are more finanically profitable

The book, The Civil Corporation, identifies four ways in which business firms respond to social pressures. Which of the following is not one of those?

stakeholder approach

The concept of business responsibility that is based on concern for the various groups that are affected by a business is known as the

stakeholder model

The relationship between corporate social performance and financial performance is viewed from three different perspectives. The symbiotic view

states that there is an interactive relationship among social performance, financial performance, and corporate reputation.

The Triple Bottom Line concept focuses on economic, social, and envirornnental performance, the key elements of

sustainability

The classical view of economics holds that a society can best determine its needs and wants through

the marketplace

The relationship between corporate social performance and financial performance is viewed from three different perspectives. The perspective that views social responsibility as a "fair weather" concept

views social responsibility as driven by the firm's financial performance.

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

Business is best equipped to handle social problems.

Corporate social performance emphasizes the financial results of what the firm hopes to accomplish.

False

In Carroll's four-part defmition of corporate social responsibility, ethical responsibilities are required of business only by society, and not by businesses themselves.

False

In practical terms, the socially responsible firm mw;t be involved in philanthropy, as society expects it.

False

One of the biggest advances in corporate social performance is that all agree that performance criteria (성능기준) need only be responsive and not anticipatory (예상된).

False

Philanthropy (자선활동) is the term by Adam Smith in Wealth of Nations to describe the operation of self interest resulting in the good of society.

False

Social responsible investing is a very new concept, originating in the early 1990s.

False

All of the following are arguments commonly made against corporate social responsibility except

business did not create today's social problems, so it should not be expected to solve them.

The traditional concept of business responsibility in the United States is based on

classical economic model

Financial returns from socially conscious (자각하는) investment funds are

competitive with returns from other investments