Chapter 3. The Corporation and Its Stakeholders Quiz

Corporate Social Responsibility is accurately describes by which statement?

X

Social audit standards may be developed by which groups? a. All of these choices are correct b. a group of firms in the same business can set industry-wide standards c. Global nongovernmental organizations or standard-setting groups can set social audit standards d. companies can set standards for themselves, for suppliers, and for partners

a. All of these choices are correct

How do managers organize to effectively engage in global corporate citizenship? a. by using an integrated approach that leverages company resources b. by removing senior leadership from driving stakeholder expectations c. through limited corporate philanthropy and volunteerism d. by focusing solely and specifically on the local community

a. by using an integrated approach that leverages company resources

Early business leaders, such as automaker Henry Ford, developed these programs to support the recreational and health needs of their employees a. paternalistic programs b. corporate citizenship programs c. social networking programs d. corporate social responsibility

a. paternalistic programs

A social audit systematically evaluates which of a firm's performance metrics? a. social, ethical, environmental b. ethical, sustainability, sales c. social, financial, technical d. ethical, financial, legal

a. social, ethical, environmental

How did Dan Price blend social responsibility with Gravity Payment's mission to provide high-service, low-cost credit card processing, according to the case? a. He provided free in-kind services to small businesses b. Price implemented a pay equity plan for all employees c. Price donated his 13-year old Audi to a local car shelter d. The CEO donated 15 percent of profits to charity

b. Price implemented a pay equity plan for all employees

Recent reports stress the role of business in shaping the social contract for a. opportunities for non-marginalized groups b. addressing global inequity c. defining social mobility d. short-term value for stakeholders

b. addressing global inequity

Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because: a. public officials were elected to manage social topics b. all of these choices are correct c. the private sector is not mandated to solve public issues d. business people may not have the skills to solve societal problems

b. all of these choices are correct

In the case "Corporate Social Responsibility at Gravity Payments," which view in support of corporate social responsibility is relevant according to Figure 3.3? a. improves supplier relations b. balances corporate power with responsibility c. promotes shirt-term profits for the business d. discourages government regulation

b. balances corporate power with responsibility

The costs of corporate social responsibility may ultimately be passed on to the a. supplier though discounts b. consumer through higher prices c. taxpayers by the government d. shareholders through higher dividends

b. consumer through higher prices

The capability of corporations to influence government, the economy, and society, based on their organizational resources is called a. CEO power b. corporate citizenship c. corporate media d. corporate power

b. corporate citizenship

Social unrest, ethnic beliefs, geopolitical shifts, and generational changes are examples of a. CSR policy instruments b. drivers of CSR c. phases of CSR d. CSR results

b. drivers of CSR

Increased acceptance of global corporate citizenship has spurred the growth of which industry? a. manufacturing efficiency associations b. microfinance banking firms c. specialized management consultancies d. cryptocurrency financial markets

c. specialized management consultancies