Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

When the CEO of General Electric appointed the company's first VP of Corporate Citizenship, he was demonstrating:

Accepted Answer

A)   Enlightened self-interest.
B)   A responsibility to stockholders.
C)   An attempt to balance economic, legal and social responsibilities.
D)   The iron law of responsibility.E) A) and B)
F) B) and C)

Question 3

Provide three arguments against corporate social responsibility.

Accepted Answer

1) Profit maximization: The primary goal...

Question 4

When undertaking social initiatives, a company:

Accepted Answer

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.E) None of the above
F) B) and C)

Question 5

Less than 25% of CEOs surveyed in a Korn/Ferry International poll said that it was their personal responsibility to manage their company's reputation.

Accepted Answer

A) True 
 B)False

Question 6

Define and provide an illustration of a modern-day expression of both the charity principle and the stewardship principle.

Accepted Answer

The charity principle is the idea of giv...

Question 7

Laws and regulations help create a level playing field for businesses that compete against one another.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

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 invited to attend a local community's town planning meeting.E) None of the above
F) A) and B)

Question 9

Modern corporations should be socially responsible because they:

Accepted Answer

A)   Are responsible to the stockholders of the company.
B)   Create jobs, influencing the lives of employees.
C)   Are highly profitable.
D)   Generate dividends for the company stockholders.E) C) and D)
F) B) and C)

Question 10

One of the most appealing arguments in favor of corporate social responsibility for business supporters is that voluntary social acts may head off increased government regulation.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A)   Religious/ethnic beliefs.
B)   Social unrest/protest.
C)   Stakeholder pressures.
D)   Public policy/government regulations.E) B) and C)
F) A) and D)

Question 12

Socially responsible actions frequently occur as a result of:

Accepted Answer

A)   A genuine desire to promote worthy social goals.
B)   A wish to project a caring corporate image.
C)   An obligation to follow the law.
D)   All of the above.E) None of the above
F) A) and C)

Question 13

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

Accepted Answer

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 A and C, but not BE) C) and D)
F) All of the above

Question 14

Positive reputation can be valued as an intangible corporate:

Accepted Answer

A)   Asset.
B)   Liability.
C)   Charity.
D)   Expense.E) None of the above
F) A) and C)

Question 15

Social responsibility reflects:

Accepted Answer

A)   The type of governmental rule and degree of individual freedom in a nation.
B)   Social activists' power and the extent that social regulation is found in a country.
C)   Cultural values and traditions, taking different forms in different societies.
D)   All of the above.E) A) and B)
F) A) and C)

Question 16

Scholars have found:

Accepted Answer

A)   No relationship between social and financial performance.
B)   A negative relationship between social and financial performance.
C)   An inverse relationship between social and financial performance.
D)   A positive association between social and financial performance.E) A) and B)
F) A) and C)

Question 17

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

Accepted Answer

A)   Requires skills businesses may lack.
B)   Balances corporate power with responsibility.
C)   Improves business value and reputation.
D)   Corrects social problems caused by business.E) A) and C)
F) A) and B)

Question 18

Provide three arguments in favor of corporate social responsibility.

Accepted Answer

Corporate social responsibility (CSR) re...

Question 19

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

Accepted Answer

A)   Employees through fewer health benefits.
B)   Consumer through high prices.
C)   Investor through stock splits.
D)   Taxpayers by the government.E) None of the above
F) All of the above

Question 20

Businesses that comply with laws and public policies are meeting a minimum level of social responsibility expected by the public.

Accepted Answer

A) True 
 B)False

Exam 3: Corporate Social Responsibility

Social responsibility reflects:

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Positive reputation can be valued as an intangible corporate:

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

Correct AnswerverifiedShow Answer

Provide three arguments against corporate social responsibility.

Correct AnswerAnswered by ExamLex AI1) Profit maximization: The primary goal...View AnswerShow Answer

Scholars have found:

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Provide three arguments in favor of corporate social responsibility.

Correct AnswerAnswered by ExamLex AICorporate social responsibility (CSR) re...View AnswerShow Answer

Businesses that comply with laws and public policies are meeting a minimum level of social responsibility expected by the public.

Correct AnswerverifiedShow Answer

Modern corporations should be socially responsible because they:

Correct AnswerverifiedShow Answer

When undertaking social initiatives, a company:

Correct AnswerverifiedShow Answer

When the CEO of General Electric appointed the company's first VP of Corporate Citizenship, he was demonstrating:

Correct AnswerverifiedShow Answer

Less than 25% of CEOs surveyed in a Korn/Ferry International poll said that it was their personal responsibility to manage their company's reputation.

Correct AnswerverifiedShow Answer

Socially responsible actions frequently occur as a result of:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Define and provide an illustration of a modern-day expression of both the charity principle and the stewardship principle.

Correct AnswerAnswered by ExamLex AIThe charity principle is the idea of giv...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Laws and regulations help create a level playing field for businesses that compete against one another.

Correct AnswerverifiedShow Answer

One of the most appealing arguments in favor of corporate social responsibility for business supporters is that voluntary social acts may head off increased government regulation.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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Answered by ExamLex AI
1) Profit maximization: The primary goal...
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Answered by ExamLex AI
Corporate social responsibility (CSR) re...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
Answered by ExamLex AI
The charity principle is the idea of giv...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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