Ch 3 Quiz

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

Corporate/Global Citizenship

Business leaders, like automaker Henry Ford, developed these programs to support the recreational and health needs of their employees.

Paternalistic Programs

Philanthropic funding and public relations are two examples of corporate social responsibility:

Policy instruments of the Corporate Social Stewardship phase

Huge businesses can disproportionately influence politics, shape tastes, and dominate public discourse.

True

Companies demonstrate global corporate citizenship by:

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

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

Consumer through high prices

BSR (formerly Business for Social Responsibility) helps its 300 member companies:

Develop sustainable business strategies

The most significant motivator of corporate social reporting is:

Ethical concerns

The iron law of responsibility says that:

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

An argument against corporate social responsibility is that it imposes unequal costs among competitors.

True