Chapter 3

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T

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

T

A primary benefit of enlightening self interest is an enhances reputation

Business has become most powerful entity on the planet

According to David Korten

empower less privilege Brazilian youth with leadership, teamwork, IT and other skills to participate in the growing technological society

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

taking a short-term loss for a long run benefit

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

prevent the need for governmental regulations

Odwalla began pasteurizing juices in order to

taking a paternalistic approach to community affairs

a modern day expression of the charity principle does not include

T

accompanying a firm;'s economic responsibility to is stakeholders are its legal obligations

corporate managers should balance the interest and needs of many diverse groups in society

according to a modern day expression of the stewardship principle

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

according to barlow v. A.P. smith manufacturing:

T

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

F

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

T

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

economic growth

corporations have a role in establishing their community's:

T

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

both A, B but not C

examples of modern day stewardship do not include

F

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

they create jobs, influencing the lives of employees

modern corporations should be socially responsible because

T

one reason for a corporation to behave responsible is to discourage government regulations

T

pfizer pledge approx $1.4 million for earthquake relief in China

asset

positive reputation can be valued as an intangible corporate

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

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

T

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

T

the center for corporate responsibility is based at Boston College

F

the charity principle is a relatively new notion

all of the above

the costs of corporate social responsibility may ultimately be passes on to the

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

the iron law of responsibility says that

venezuela

the revenue of toyota motors in 2009 was roughly equal to the entire economic output of:

T

through the microsoft unlimited potential program, people are living in developing countries can receive a stripped down version of windows for free

F

walmart had more profits in 2009 than any other company

Timberland

what company installed a wind turbine in the dominican republic

general electric

what company took responsibility to dredge the NY Harbor in 2002

apple

what was Fortune Magazine's 2009 America's most admired company

whole foods

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

all of the above are arguments against corporate social responsibility

which of the following are arguments against corporate social responsibility

Imposes unequal costs among competitors

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

Promotes short-term profitability for businesses

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

supporting a governmental protection agency

which of the following is not an example of the charity principle

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

which of the following is true about general motors in 2009

tax provision

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

corporate social stewardship

which phrase os corporate responsibility occurred in the 1950-60s

85%

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


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