MGMT RESPONSABILITY

When a company publishes the results of a social audit they are meeting the demands of local governments' taxation policies. Select one: a.True b.False

FALSE

A positive reputation can be valued as an intangible corporate: Select one: a.Asset. b.Liability. c.Charity. d.Expense.

a.Asset.

The costs of corporate social responsibility may ultimately be passed on to the: Select one: a.Supplier through discounts. b.Consumer through high prices. c.Investor through stock splits. d.Taxpayers by the government.

b.Consumer through high prices.

Global corporate citizenship refers to putting an organization's commitment to social and environmental responsibility into practice locally. Select one: a.True b.False

b.False

An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called: Select one: a.Balanced Corporation. b.B Lab. c.B Corporation. d.CSR Corporation. Feedback

c.B Corporation.

Organizations founded with a core mission to create and sustain social value are called social: a.Entrepreneurship. b.Non-profits. c.Ventures. d.Capitalists.

c.Ventures.

Good corporate citizens: Select one: a.Strive to conduct all business dealings in an ethical manner. b.Make a concerted effort to balance the needs of all stakeholders. c.Work to protect the environment. d.All of these answers are correct.

d.All of these answers are correct.

Which of the following companies is being the most socially responsible? Select one: a.A company trying its best to operate in a way that will help local students get an education and jobs. b.A company halted its production of toxic gases after it discovered that people objected to this practice and threatened legal action. c.A company trying to maximize its profits and then contributing to an environmental protection fund. d.A company changing its product design to comply with regulatory mandates.

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

In the case, Corporate Social Responsibility at Gravity Payments, which view in support of corporate social responsibility is relevant according to Figure 3.3? Select one: a.Balances corporate power with responsibility. b.Discourages government regulation. c.Improves supplier relations. d.Promotes short-term profits for the business.

a.Balances corporate power with responsibility.

The iron law of responsibility says that: Select one: a.In the long run, those who do not use power responsibly will lose it. b.In the short run, sacrifice social goals for economic goals. c.Law is most important, more than social or economic responsibility. d.In the long run, economic responsibility leads to social responsibility.

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

Concerns about corporate social responsibility are exemplified by which of these statements? Select one: a.Requires skills businesses may lack. b.Creates an imbalance between corporate power and its economic responsibility. c.Improves business value and reputation. d.A majority of stockholders are against it.

a.Requires skills businesses may lack.

A social audit is a systematic evaluation of an organization's social, ethical, and environmental performance. Select one: a.True b.False

a.True

An argument against corporate social responsibility is that it imposes unequal costs among competitors. Select one: a.True b.False

a.True

Those in support of corporate social responsibility believe the practice: Select one: a.Lowers economic efficiency and profit. b.Discourages government regulation. c.Places responsibility on business rather than individuals. d.Imposes unequal costs among competitors.

b.Discourages government regulation.

The most significant motivator of corporate social reporting is: Select one: a.Government reporting requirements. b.Ethical concerns. c.Financial concerns. d.Employee demand.

b.Ethical concerns.

To qualify as a B corporation, a business must be certified by a state government agency. Select one: a.True b.False

b.False

Which of the following examples does not show a company guided by enlightened self-interest? Select one: a.A company providing the best quality product at a fair price. b.A company providing assistance to employees who attend evening college. c.A company breaking past records by maximizing quarterly profits. d.A company vice-president was invited to attend a local community's town planning meeting.

c.A company breaking past records by maximizing quarterly profits.

Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because: Select one: a.Business people do not have the skill set to solve societal problems. b.The private sector is not mandated to solve these issues. c.Both of these answers are correct. d.Neither of these answers is correct.

c.Both of these answers are correct.

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

c.Corporate citizenship.

When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally, it is called: Select one: a.Corporate Social Responsibility. b.Global Sustainability. c.Global Corporate Citizenship. d.Community Investing.

c.Global Corporate Citizenship.

When undertaking social initiatives, a company: Select one: a.Must take out social responsibility insurance. b.Will always receive long-term profits. c.May sacrifice short-term profits. d.Risks going bankrupt in nearly all cases.

c.May sacrifice short-term profits.

Philanthropic funding and public relations are two examples of corporate social responsibility: Select one: a.Drivers of the Corporate Social Responsiveness phase. b.Policy instruments of the Corporate Social Stewardship phase. c.Policy instruments of the Corporate Social Responsiveness phase. d.Drivers of the Charity Principle phase.

c.Policy instruments of the Corporate Social Responsiveness phase.

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: Select one: a.Innovative stage. b.Integrated stage. c.Transforming stage. d.Engaged stage.

c.Transforming stage.

Global social audit standards concentrate on: Select one: a.Internally focused economic benefits for the firm. b.Externally focused on social benefits for the environment. c.Externally focused social benefits for key stakeholders. d.All of these answers are correct.

d.All of these answers are correct.

Which of the following statements is true about corporate social responsibility? Select one: a.Businesses should monitor and prevent social problems in advance of their becoming major issues. b.A company should seek maximum profits from its operations in order to provide the best for society. c.Corporations should be accountable for any actions that affect people, their communities, and the environment. d.Both of these answers are correct: Businesses should monitor and prevent social problems in advance of their becoming major issues; and corporations should be accountable for any actions that affect people, their communities, and the environment.

d.Both of these answers are correct: Businesses should monitor and prevent social problems in advance of their becoming major issues; and corporations should be accountable for any actions that affect people, their communities, and the environment.

Companies demonstrate global corporate citizenship by: Select one: a.Building reactive stakeholder partnerships. b.Finding business opportunities that serve society. c.Integrating concern for both financial and social performance. d.Both of these answers are correct: Finding business opportunities that serve society and integrating concern for both financial and social performance.

d.Both of these answers are correct: Finding business opportunities that serve society and integrating concern for both financial and social performance.

Enlightened self-interest is the idea that the wealthiest members of society should be charitable toward those less fortunate. Select one: a.True b.False

b.False

Stakeholder partnerships, high-tech communication networks, and sustainability audits are examples of: Select one: a.Corporate social stewardship. b.Corporate social responsiveness. c.Corporate/Business Ethics. d.Corporate/Global Citizenship.

d.Corporate/Global Citizenship.