Deck 12: Business Social Responsibility

Question 1

Business social responsibility (BSR) is an integrated management activity that incorporates business ethics (BE) and corporate social responsibility (CSR)

Answer 1

True

Question 2

BSR concerns basic human rights and environmental concerns

Answer 2

True

Question 3

Business ethics (BE) are critical building trust with employees and third parties

Answer 3

True

Question 4

Ethical standards can be abandoned to make cost savings

Question 5

There are four main advantages for businesses that generate high ethical standards

Question 6

Corporate social responsibility (CSR) is essentially concerned with environmental issues

Question 7

CSR can be referred to as 'corporate citizenship'

Question 8

Carroll's Pyramid categorises business obligations into five levels

Question 9

Many businesses have ignored the moral responsibility to develop the well-being of their staff and society

Question 10

The New Economics Foundation report identified seven challenges for organisations to develop the well-being of their staff

Question 11

Organisations can successfully address BSR issues by adopting the Triple Bottom Line approach

Question 12

Business activity by its very nature has to be about the exploitation of people, society and the environment

Question 13

Climate change is a myth

Question 14

Klein claims that there are six key issues in regard to preserving the environment

Question 15

The circular economy is a concept that holds great potential as it is restorative and regenerative by design

Question 16

The increasing gap between executive pay and that of the rank and file is morally disturbing and inequable

Question 17

Many MNC's operate in ways that damage the operation of SME's including many banks

Question 18

A successful society is one where economic activity delivers high levels of sustainable well-being for all its citizens

Question 19

Many organisations dabble in aspects of BSR but the greater impact results when activities are integrated

Question 20

Truly responsible business activity is really about business ethical attitudes that govern the generation and distribution of wealth