Chapter 2: CSR and Citizenship quiz

Positive reputation can be valued as an intangible corporate

Asset

Some companies have created a department of corporate citizenship to:

Centralize under common leadership wide-ranging corporate citizenship functions

The most significant motivator of corporate social reporting is:

Ethical concerns

The capability of corporations to influence government, the economy, and society , based on their organizational resources is called the big business principles

False

The iron law of responsibility says that:

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

What is an argument against corporate social responsibility?

Requires skills businesses may lack

Global Corporate Citizenship activities help companies create value, reputation, and competitive advantage

True

Provide three arguments in favor of corporate social responsibility

Balances Corporate power with responsibility Discourages government regulation Promotes long-term profits for business

When undertaking social initiatives, a company:

May sacrifice short-term profits