Question 1

A company's ethical responsibilities .&#10;A)bring it in line with social norms&#10;B)are a subset of its legal responsibilities&#10;C)always directly advance its profit making&#10;D)are the same as its economic responsibilities

Accepted Answer

Ethical responsibilities refer to a company's obligation to do what is right and just, even if it goes beyond legal requirements. It includes aligning its actions with social norms and values, like promoting sustainability and social justice. Whereas economic responsibilities are focused on maximizing profits and legal responsibilities are adherence to laws and regulations. Therefore, option A is the best choice.

Question 2

In addition to accurately measuring CSR results,a company must also ensure that the data are .&#10;A)interpreted using well-respected guidelines&#10;B)reflected in a positive manner&#10;C)controlled by the company&#10;D)selectively released

Accepted Answer

It is important for a company to interpret CSR results using well-respected guidelines to ensure credibility and transparency. This can help to avoid criticism and provide stakeholders with accurate and reliable information. Reflecting data in a positive manner, controlling the data, or selectively releasing data are not necessary for accurately measuring CSR results.

Question 3

Friedman supported socially responsible corporate decisions as long as they.&#10;A)are recognized as philanthropic activities&#10;B)benefit society at large&#10;C)further a company's self-interest&#10;D)do not break the law

Accepted Answer

Friedman argued that the primary responsibility of business is to its shareholders and that socially responsible actions are justified only if they further the company's self-interest.

Question 4

CSR as exercised toward a company's employees may include .&#10;A)providing safe working facilities&#10;B)providing paid time off&#10;C)improving employees' quality of life&#10;D)abiding by minimum-wage laws

Accepted Answer

The answer of CSR as exercised toward a company's employees...

Question 5

Friedman argued that social spending by corporations is a form of taxation on.&#10;A)the public&#10;B)the employees&#10;C)theshareholders&#10;D)the board of directors

Accepted Answer

Friedman argued that social spending by corporations is a form of taxation on its shareholders because such spending reduces the profits earned by the company, which in turn reduces the dividends paid to its shareholders. This view is based on the idea that the primary goal of a corporation is to maximize its profits and that any spending beyond that is a diversion of resources from the shareholders.

Question 6

Milton Friedman argued that CSR .&#10;A)is harmful to the community&#10;B)fails to serve the interests of company's stockholders&#10;C)is acceptable if carried out by the government&#10;D)would be a passing fad

Accepted Answer

Milton Friedman argued that CSR fails to serve the interests of a company's stockholders. He believed that the sole responsibility of a corporation is to maximize profits and returns to shareholders, and any actions taken towards social responsibility would harm the company's financial performance. He also believed that social issues should be addressed by the government rather than corporations.

Question 7

Companies that pursue CSR are most likely to gain a competitive advantage if its CSR efforts .&#10;A)target popular special-interest groups&#10;B)are integrated into a corporate strategy&#10;C)are pursued as frugally as possible&#10;D)involve as many employees as possible

Accepted Answer

CSR efforts must be integrated into a company's overall business strategy to effectively create value for the company and its stakeholders. This integration ensures that CSR is aligned with the company's core mission, values, and operations, rather than just being a peripheral concern. A company that integrates CSR into its strategy is more likely to gain a competitive advantage, whereas targeting special-interest groups, pursuing frugal approaches, or involving as many employees as possible may not necessarily result in a competitive advantage.

Question 8

CSR as a worldwide movement has over the years been .&#10;A)mainly manifested among medium-sized companies&#10;B)mostly confined to the United States&#10;C)increasingly under criticism&#10;D)gaining increased acceptance

Accepted Answer

The phrase "over the years" suggests that CSR as a worldwide movement has evolved or changed, and the phrase "gaining increased acceptance" is the only choice that reflects a positive change over time.

Question 9

According to the &#34;classical view,&#34; companies .&#10;A)have a responsibility to their environment&#10;B)can promote CSR without sacrificing profitability&#10;C)are not essentially different from other types of organizations&#10;D)exist for reasons other than promoting social responsibility

Accepted Answer

According to the classical view of management, companies exist solely for the purpose of making a profit for their shareholders. They are not expected to take on social or environmental responsibilities beyond what is required by law.

Question 10

Corporate citizenship is an area of CSR that always involves .&#10;A)specific ways a company treats its employees&#10;B)a company's awareness of its broader social context&#10;C)a company's products that it produces&#10;D)a company's involvement in the government

Accepted Answer

Corporate citizenship involves a company's awareness of its broader social context, including its impact on the environment, its relationships with communities, and its respect for human rights. While how a company treats its employees is important to CSR, it is only one aspect and not necessarily part of corporate citizenship. The products a company produces may be part of its CSR efforts, but this would fall under other areas such as environmental sustainability or product responsibility. Involvement in government is not necessarily a requirement for corporate citizenship.

Deck 12: Corporate Social Responsibility