Social Resp & Ethics Ch 3

An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called:

B Corporation.

What is one advantage of operating as a B corporation?

Government certifications are frequently conferred.

Those in support of corporate social responsibility believe the practice:

Discourages government regulation.

When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally, it is called:

Global Corporate Citizenship.

Good corporate citizens:

Strive to conduct all business dealings in an ethical manner. Make a concerted effort to balance the needs of all stakeholders. Work to protect the environment.

Which of the following examples does not show a company guided by enlightened self-interest?

A company breaking past records by maximizing quarterly profits.

Which of the following companies is being the most socially responsible?

A company trying its best to operate in a way which will help local students get education and jobs.

Positive reputation can be valued as an intangible corporate:

Asset

Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because:

Business people do not have the skill set to solve societal problems. The private sector is not mandated to solve these issues.

The costs of corporate social responsibility may ultimately be passed on to the:

Consumer through high prices.

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

Corporate citizenship.

BSR (formerly Business for Social Responsibility) helps its 300 member companies:

Develop sustainable business strategies.

The issue of reactive management policies occurs in which stage of global corporate citizenship?

Engaged

The most significant motivator of corporate social reporting is:

Ethical concerns

Companies demonstrate global corporate citizenship by:

Finding business opportunities that serve society. Integrating concern for both financial and social performance.

This inter-American organization (North and South America) was created to unite organizations focusing on corporate social responsibility from Canada to Chile.

Forum Empresa.

Global social audit standards concentrate on:

Internally focused economic benefits for the firm. Externally focused social benefits for the environment. Externally focused social benefits for key stakeholders.

When undertaking social initiatives, a company:

May sacrifice short-term profits

Business leaders, like automaker Henry Ford, developed these programs to support the recreational and health needs of their employees.

Paternalistic programs.

Philanthropic funding and public relations are two examples of corporate social responsibility

Policy instruments of the Corporate Social Stewardship phase.

Which of these is not an objective of the Global Reporting Initiative (GRI)?

Providing tax incentives for global corporate citizens.

According to Barlow v. A.P. Smith Manufacturing:

Socially responsible actions are in investment in the future, thus an allowable expense.

Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of an organization in the:

Transforming stage.

Organizations founded with a core mission to create and sustain social value are called social:

Ventures.

Which of the following statements is true about corporate social responsibility?

Businesses should monitor and prevent social problems in advance of their becoming major issues. Corporations should be accountable for any actions that affect people, their communities, and the environment.