ch 1-3

Global Compact

A set of 10 principles concerning human rights, labor, the environment, and anti-corruption, which seeks to create openness and alignment among business, government, society, labor, and the United Nations, is known as the

Many studies have found a positive relationship between which of the following

An ethical culture and good business performance

corporate social responsibility

An organization's obligation to maximize its positive impact on stakeholders and to minimize its negative impact refers to its

Which of the following steps in implementing a stakeholder perspective has the explicit purpose to identify the organizational mission, values, norms, and behavior likely to have implications for social responsibility?

Assessing the corporate culture

Advertising, environmental hazards, financial practices, and product safety are all major areas of concern in what social responsibility issue

Consumer protection

Which approach to stakeholder theory focuses on the actual behavior of the firm and usually addresses how decisions and strategies are made for stakeholder relationships?

Descriptive approach

Which of the following is considered a primary stakeholder group?

Employees

Which of the following statements regarding social responsibility and stakeholder orientation is true?

Evidence suggests caring about the well-being of stakeholders leads to increased profits

What is the final step in implementing a stakeholder perspective?

Gaining stakeholder feedback

Ranging from making environmental claims that are required by law and are therefore irrelevant (CFC-free) to puffery, or exaggerating environmental claims, to fraud, which of the following involves misleading a consumer into thinking that a product or service is more environmentally friendly than it really is?

Greenwashing

Principles

Human rights, freedom of speech, and the fundamentals of justice are examples of which of the following concepts

Which of the following, developed by the International Organization for Standardization, is a comprehensive set of environmental standards that encourages a cleaner, safer, and healthier world?

ISO 14000

Which of the following statements describes sustainable development?

It has become a top concern for many businesses as it involves meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Which program recognizes sustainable building practices and strategies?

LEED

Which economist believed the market is a better deterrent to wrongdoing than new laws and regulations?

Milton Friedman

Consumers' Bill of Rights

President John F. Kennedy in 1962, which of the following outlined four basic consumer rights: the right to safety, the right to be informed, the right to choose, and the right to be heard

Environmental Social Governance (ESG)

Relating to stakeholder demands for firms to protect the environment, contribute to social causes, and engage in conduct that is responsible and ethical, which of the following is becoming an important initiative in the 2020s

Alternative energy sources have had what effect on the carbon footprint of communities, cities, and even countries?

Significantly decreased the carbon footprint

Created in 1997, which of the following was an international treaty meant to curb global greenhouse gas emissions by having countries voluntarily reduce national outputs?

The Kyoto Protocol

Which of the following is one of the biggest contributors to illnesses in developing countries?

Water pollution

Morals

a person's personal philosophy about what is right or wrong

Moral dilemma

a situation where a person is faced with multiple choices, all of which are undesirable as defined by that person

The concept that refers to how closely workplace decisions align with a firm's stated strategic direction and its compliance with ethical and legal considerations is known as

accountability

The concept of board members being linked to more than one company is known as

an interlocking directorate

The most common reason for greenwashing is to

attract environmentally conscious consumers

Social responsibility can be viewed as a(n)

contract with society

An organization that has a strong ethical environment usually has a core value of placing interests first

customers'

The concept that all director decisions should be in the best interests of the corporation and its stakeholders is known as a

duty of loyalty

The four levels of social responsibility are

economic, legal, ethical, and philanthropic

Corporate governance is defined as

formal systems of accountability, oversight, and control

Ethical culture

he company and industry and is a function of many factors, including corporate policies, top management's leadership on ethical issues, the influence of coworkers, and the opportunity for unethical behavior

The most controversial form of alternative energy is

nuclear power

The reprocessing of materials for reuse, especially steel, aluminum, paper, glass, rubber, and some plastics, is known as

recycling

Groups that influence and/or are affected by a company yet do not typically engage directly in transactions with that company are known as

secondary stakeholders

When business strategies, economic sectors, work practices, technologies, and lifestyles are assessed and improved while maintaining the natural environment, this is known as

sustainability

Climate change refers to

the long-term variation in average weather patterns

Workplace integrity

the pressure to compromise organizational standards, observed misconduct, reporting of misconduct when observed, and retaliation against reports

Which of the following are considered alternative sources of energy? (Select three

wind power, geothermal power, nuclear power