BUS 250 - 01 Chapter 15

False

Managers who adopt accommodative strategy would view corporate social responsibility (CSR) as an added cost or nuisance.

False

The negative view of codes of conduct suggests that corporate social responsibility (CSR) activities simply act as a useful instrument to make good profits.

True

What corporate social responsibility (CSR) critics describe as "greed" is often translated as "incentive" in the vocabulary of free market advocates.

​reactive strategy

​A _____ is indicated by relatively little or no support by top management for corporate social responsibility (CSR) causes.

​accommodative strategy

​A(n) _____ is characterized by some support from top managers, who may increasingly view corporate social responsibility (CSR) as a worthwhile endeavor.

​economic, social, and environmental performances.

​According to a stakeholder view of the firm, a balanced triple bottom line focuses on:

​accommodative strategy

​At Write White Publishing Corp., a paper manufacturing company, the managers have changed their traditional outlook of profit maximization. They are increasingly aware of their social responsibility and are passionate toward corporate social responsibility (CSR) causes. In this case, Write White Publishing Corp. follows a(n) _____.

stakeholder

​At the heart of corporate social responsibility (CSR), the concept of _____ refers to any group or individual who can affect or is affected by a firm's actions.

​A proactive strategy

​During one of the routine inspections, Harlose Motors, an automobile manufacturing company, found that a few of its new practices were detrimental to the environment. Immediately, it replaced them with environmentally friendly practices though it involved additional costs. In this scenario, which of the following strategies is followed by Harlose Motors?

​focus on social welfare.

​Free market advocates argue firms may lose their character as capitalistic enterprises when they:

​Integrating corporate social responsibility as part of the core activities and processes of a firm

​In the context of corporate social responsibility (CSR), which of the following actions should be taken by managers to attain global sustainability?

​initially admit responsibility but often fight it.

​In the context of institutions and corporate social responsibility (CSR), firms adopting defensive strategy:

​They do not feel compelled to act in the absence of disasters and outcries.

​In the context of institutions and corporate social responsibility (CSR), which of the following is true of the firms that adopt reactive strategy?

​all stakeholders have an equal right to bargain for a fair deal.

​Jason manages a chain of restaurants. He thinks along the lines of corporate social responsibility (CSR). As a CSR advocate, he will believe that:

​He will be self-motivated to do it right regardless of social pressures.

​Michael is a manager at a tannery. In the wake of numerous protests from animal activists, he suggested adopting corporate social responsibility (CSR) values. In this case, which of the following will be true if he has a positive view toward CSR values?

​to meet the needs of the present without compromising the ability of future generations to meet their needs in future.

​The term global sustainability is defined as the ability:

​use denial as the first line of defense to problems.

​Unlike firms embracing a proactive strategy, firms embracing a reactive strategy:

​Members of an environmental group

​Which of the following is an example of secondary stakeholder groups?

​It may actually reduce shareholder value.

​Which of the following is true of social issue participation?

They build alliances with stakeholder groups for short-term, manageable projects of mutual interests.

​Which of the following is true of the activities engaged by proactive firms?

False

If corporate social responsibility (CSR) resources are valuable and rare, even imitable resources will give firms a sustainable competitive advantage.

True

In firms embracing a proactive strategy, corporate social responsibility (CSR) activities acts as source of differentiation.

True

In the firms that embrace reactive strategy, the need to accept some corporate social responsibility (CSR) is neither internalized through cognitive beliefs nor does it result in any norms in practice.

False

Activities based on corporate social responsibility always hurt the economic performance of a firm.

True

Corporate social responsibility (CSR) refers to the consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with the traditional economic gains that the firm seeks.