Management: Chapter 3 Quiz

Reports have shown that 70 percent of consumers said they would buy a product even if they did not like the company's reputation behind the product?

False

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 statements is true about corporate social responsibility?

Both A and C, but not B.

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

Corporate Charity Principle.

Modern corporations should be socially responsible because they ?

Create jobs, influencing the lives of employees

As a response to the conflict between long- and short-term profit making, an enlightened self-interest point of view would be the least useful and practical approach?

False

Being socially responsible means that a company must abandon its other missions?

False

When undertaking social initiatives, a company?

May sacrifice short-term profits

Grameen Bank in Bangladesh is one of the most recognized?

Microfinance institution

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

Religious/ethnic beliefs.

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 benefit as its core mission.

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

Policy instruments of the Corporate Social Stewardship phase.

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.

Corporate social responsibility is the idea that businesses interact with the organization's stakeholders for social good while they pursue economic goals?

True

Given the immeasurable power in the hands of the leaders of large, global corporations, social responsibility has become a worldwide expectation?

True

Huge businesses can disproportionately influence politics, shape tastes, and dominate public discourse?

True

In the United States, the idea of corporate social responsibility appeared around the start of the 20th century?

True