MGMT 325 - Ch 3 Quiz

(T/F) Corporate citizenship refers to a set of beliefs stating that socially responsible behavior is a good idea.

False

Which of the following companies is being the most socially responsible?

A company trying its best to operate in a way which will help local students get education and jobs.

Global social audit standards concentrate on:

All of the following are correct: -Internally focused economic benefits for the firm. -Externally focused social benefits for the environment. -Externally focused social benefits for key stakeholders.

Positive reputation can be valued as an intangible corporate:

Asset

An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called:

B Corporation

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

Both of these answers are correct: -Business people do not have the skill set to solve societal problems. -The private sector is not mandated to solve these issues.

Which of the following statements is true about corporate social responsibility?

Both of these answers are correct: -Businesses should monitor and prevent social problems in advance of their becoming major issues -Corporations should be accountable for any actions that affect people, their communities, and the environment.

Companies demonstrate global corporate citizenship by:

Both of these answers are correct: -Finding business opportunities that serve society -Integrating concern for both financial and social performance

The capability of corporations to influence government, the economy, and society, based on their organizational resources is called:

Corporate citizenship

Those in support of corporate social responsibility believe the practice:

Discourages government regulation

The issue of reactive management policies occurs in which stage of global corporate citizenship?

Engaged

(T/F) Global corporate citizenship refers to putting an organization's commitment to social and environmental responsibility into practice locally.

False

When undertaking social initiatives, a company:

May sacrifice short-term profits

Concerns about corporate social responsibility are exemplified by which of these statements?

Requires skills businesses may lack.

Which of the following examples does not show a company guided by enlightened self-interest?

A company breaking past records by maximizing quarterly profits

Stakeholder partnerships, high-tech communication networks, and sustainability audits are examples of:

Corporate/Global Citizenship

(T/F) The term corporate power means that in the long run, those who do not use power in ways that society considers responsible will tend to lose it.

False

(T/F) When a company publishes the results of a social audit they are meeting the demands of local governments' taxation policies.

False

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:

Transforming stage

(T/F) Corporate social responsibility is the idea that businesses interact with the organization's stakeholders for social good while they pursue economic goals.

True

(T/F) Huge businesses can disproportionately influence politics, shape tastes, and dominate public discourse.

True

(T/F) The concept of corporate social responsibility is rooted in the meaning "to pledge back," creating a commitment to give back to society and the organization's stakeholders.

True