Social Responsibilities of a Business

Another term for philanthropic responsibility is _____ responsibility.

Discretionary

The CSR requirement that a company earn a profit comes under the heading of _____ responsibility.

Economic

Members of BSR include Hasbro, Reebok, Honeywell, and _____ of others.

Hundreds

This is one of the few _____ reasons to justify a corporations CSR expenses.

Practical

According to Ian Wilson's view of social responsiveness, there are ____ possible business strategies: reaction, proaction, defense, and accommodation.

4

An organization that readily adapts their behavior to conform to public policy and is responsive to public expectations is assuming an _____ strategy to social responsibility.

Accommodation

Corporate Social Responsibility (CSR) emphasizes obligations and _____ and is sometimes called corporate citizenship.

Accountability

According to _____ and Bauer, social responsiveness is essential in that it denotes a dynamic action-oriented condition.

Ackerman

Corporate Social Responsiveness emphasizes activity and _____.

Action

Even those cigarette manufacturers had evidence since the 1950s that tobacco was ____, they continued to promote the benefits of light cigarettes and market them to teens.

Addictive

_____'s definition of CSR includes economic, legal, ethical, and philanthropic responsibilities.

Archie Carroll

An example would be a financial service company which goes _____ the minimum requirement of disclosure, and maintains an on-demand disclosure policy of information.

Beyond

An example of this is Mary Kay Cosmetics contributing to causes that concern women's health issues like fighting _____ cancer.

Breast

Davis believed that some problems (safe work environment, fair advertising, safe products) could only be solved by _____.

Business Also, as government had tried and failed to solve so many general social problems, business should be encouraged to mobilized their resources to try and solve them.

The results of this poll would tend to indicate the public is very much in support of ____ policies.

CSR

_____ weighs the impact of the company's actions on society.

CSR

Corporate _____ is another tern of for Corporate Social Responsibility (CSR).

Citizenship

Friedman was a _____ economist, and believed that social issues should be resolved by the workings of the free market system and were not the responsibility of businessmen.

Classical

A stakeholder can be a stockholder, an employee, customers, or even the _____ in which the organization exists.

Community

They are showing a sense of social responsibility, trying to do what's right for society, and in many cases, even actively trying to help the _____.

Community

Corporate Social Rectitude (CSR3) concerns the moral _____ of policies formulated and actions taken.

Correctness

Critics of CSR assert that the ____ of complying with the plethora of complex laws, rules, and regulations at the state, local, and federal level have significantly increased the cost of doing business for US companies.

Cost

Over the past 3 _____, American society has witness a proliferation of laws, regulations, and restrictions at all levels of government seeking to control how businesses operate.

Decades The public expects companies to obey laws, even when they disagree with them.

An organization that admits responsibility for its actions, but responds by doing only the bare minimum is assuming a _____ strategy to social responsibility.

Defense

It is estimated that ethical investments exceed $2.2 trillion. An example of ethical investing would be anti-war investors refusing to invest in companies working on ______ contracts.

Defense

A company _____ training and computer hardware to a local school would be an example of fulfilling the company's CSR philanthropic responsibility.

Donating

One of the most compelling arguments against CSR has been the classical _____ argument.

Economic

Ethical investing, AKA socially responsible investing, includes the selection and management of investments based on the investor's ethical, moral, social, or _____ concerns.

Environmental

An example of the reaction strategy occurred when a company which manufactured asbestos, discovered evidence that the inhalation of asbestos caused an often ____ lung diseases.

Fatal Instead of trying to find ways to create a safer working environment, the company hid the evidence.

Avoiding future _____ regulation and intervention is a compelling incentive for companies to act in a socially responsible manner.

Government

Another argument against CSR is that it puts US business at a disadvantage in the _____ marketplace.

International

According to ______, because business has the resources, they should try to solve social problems.

Keith Davis

CSR ethical responsibilities are those activities expected by the public of the business world that are not codified into _____.

Law

When a company strives to meet its contractual obligations, that company can be said to be carrying out its CSR _____ responsibilities.

Legal

According to _____, it is the responsibility of management to make as much money as possible while conforming to the basic rules of society, both those embodied in the law and those embodied in ethical customs.

Milton Friedman

Reaction, proaction, defense, and accommodation are all ____ or philosophies of social responsiveness.

Modes

An organization that actively seeks to improve the welfare of society is assuming a _____ strategy to social responsibility.

Proaction

According to classical economics, a business exists solely to maximize its _____ for shareholders and owners.

Profits

Social responsibility means that an organization tries to be responsible to society, even if that may mean reducing _____.

Profits Ex: fair employment practices, helping with urban renewal and development, working with educational institutions, and limiting pollution

An organization that denies responsibility for its actions is assuming a _____ strategy to social responsibility.

Reaction

Another famous example of _____ strategy happened in the Tobacco industry.

Reaction

William Frederick used the terms CSR1 for Corporate Social Responsibility, CSR2 for Corporate Social Responsiveness, and CSR3 for Corporate Social _____.

Rectitude

Corporate citizenship includes corporate social responsibility, corporate social _____, and corporate social performance.

Responsiveness

Companies are required by the public to keep costs low, maximize _____, and earn a profit.

Sales

Through social ______, investors attempt to filter out companies they believe to be socially irresponsible when seeking investment opportunities.

Screening

Petit believed business should, in their own _____ interest, work to solve problems they, in a large part, created.

Self This is one of the major pro-CSR arguments.

According to a Business Week poll conducted in Sept. 2000, 95% of those surveyed believed companies should sacrifice profits to demonstrate _____ responsibility to employees and the communities in which they operate.

Social

An organization that practices _____ responsibility tries to balance being profitable with satisfying the needs of those whose future is tied to that of the organization.

Social

Examples of social screens include a company's performance record on _____ issues such as affirmative action, environmental protection, and employee relations.

Social

Business for _____ _____ (BSR) is an organization created in 1992 to encourage socially responsible corporate policies.

Social Responsibility

According to Carroll, the social responsibility of business includes the economic, legal, ethical, and philanthropic expectations that _____ has of organizations at a given point in time.

Society

An organization which takes into account _____'s values and objectives when making decision is showing a sense of social responsibility.

Society

A _____ is anyone who can affect an organization, or can be affected by it.

Stakeholder

Ethical responsibilities are those actions society regards as fair, just, and in keeping with the protection of the _____ moral rights.

Stakeholders

According to ______, industrial society faces many problems caused by big business, and managers must conduct the business of the corporation to lessen or solve these problems.

Thomas Petit

Philanthropic responsibilities are _____ and include service donations, corporate giving, and partnerships with local government organizations.

Voluntary