MGT CH 18

Which industry(ies) have taken the lead in revitalizing neighborhoods?

Both of these answers are correct: Life insurance firms; and health insurance companies.

Business depends on the community for:

Education. Public services. Transportation systems. ((All of these answers are correct.))

A license to operate refers to a formal license every firm must obtain from local municipalities in order to conduct business there.

FALSE

All corporate contributions benefit the donors directly.

FALSE

The community relies heavily on business, but business is not mutually dependent on the community.

FALSE

The construction industry has taken the lead in creating programs to revitalize neighborhood housing.

FALSE

Most corporate community relationship departments consist of how many team members?

Fewer than three people plus a manager.

Corporations contribute about what share of all giving in the United States?

Only about five percent.

Which industry gives the most in-kind contributions?

Pharmaceutical companies.

Another term for corporate giving is corporate:

Philanthropy

The share of all giving made up by in-kind contributions of products and services has been:

Rising steadily over the past decade.

When Fidelity partnered with the Capital Good Fund to service loans to disadvantaged communities, this was an example of:

Skills-based volunteerism.

Foreign-owned corporations typically establish and use corporate foundations less frequently than U.S. firms.

TRUE

Many companies have turned to technology to improve the amount and effectiveness of employee volunteerism.

TRUE

Social capital refers to the norms and networks that enable collective action.

TRUE

The term community refers to a company's area of local business influence.

TRUE

The term civic engagement describes:

The active involvement of businesses and individuals in improving communities.

Minority, women, and disabled veteran-owned firms are accurately described by which of these?

They often partner with larger firms in a diversity supplier role.

What is the primary goal of a community relations department?

To build relationships with important community groups.

Why should businesses get involved in the community?

To win local support for business activity. To build social capital. To meet stakeholder demands. ((All of these answers are correct.))