Ethics Chapter 3

philanthropic funding and public relations are two examples of corporate social responsibility:

Policy instruments of the Corporate Social Stewardship phase

Modern corporations should be socially responsible because they:

create jobs, influencing the lives of their employees

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

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

Which of the following is an argument in favor of corporate social responsibility?

discourages government regulation

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

economic growth

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.

Scholars have found:

A positive association between social and financial performance

Positive reputation can be valued as an intangible corporate

Asset

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

Consumer through high prices

Executive conscience, acts of charity, and philanthropic funding are examples of:

Corporate social stewardship

Stakeholder partnerships, high-tech communication networks, and sustainability audits are examples of:

Corporate/Global Citizenship

The iron law of responsibility says that:

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

When undertaking social initiatives, a company:

May sacrifice short-term profits

This occurs when financial organizations provide loans to low-income clients or solidarity lending groups (a community of borrowers) who traditionally lacked access to banking or related services.

Micro financing

Which of the following is not a driver of the Corporate Social Responsiveness phase of Corporate Social Responsibility?

Religious/ethnic beliefs

Which of the following is an argument against corporate social responsibility?

Requires skills businesses may lack.

Corporate power refers to:

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

A social enterprise

adopts social benefits as its core mission

Corporate social responsibility (CSR) means that a corporation should:

be held accountable for any of its actions that affect people, their communities, and their environment

All of the following are examples of the phases of Corporate Social Responsibility except

corporate charity principle

Grameen Bank in Bangladesh is one of the most recognized:

microfinance institutions

When businesses bring products and services to the many people in the world who have traditionally been beyond the reach of global commerce, they are said to be:

Serving the bottom of the pyramid.

When a person or group of people identify a social need and use their entrepreneurial skills to address this need, this process is called:

Social entrepreneurship

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

paternalistic programs

As of 2012, the B Corporation status has been legally recognized in how many states?

seven states

A company who complies with the laws and regulations set by the government is:

Meeting the minimum level of social responsibility expected by the public