Deck 5: Corporate Social Responsibility

Question 1

Mandated actions go beyond those compelled by law or regulation.

Answer 1

False

Question 2

The Tripartite Declaration came in response to the rising power of multinational corporations in the 1960s.

Answer 2

True

Question 3

According to the Committee for Economic Development,the intermediate circle of societal expectations outlines the newly emerging responsibilities that business should assume to improve the social environment,even if they are not directly related to specific business processes.

Answer 3

False

Question 4

According to Herbert Spencer,charity is right only when it raises the character and superiority of the giver.

Question 5

During the Progressive era in U.S.history,business managers were considered to be trustees of their local communities.

Question 6

The duty of a company to create wealth in ways that avoid harm to,protect,or enhance societal assets is called corporate social responsibility.

Question 7

Governments advance corporate responsibility mainly with binding national regulation.

Question 8

Corporate social responsibility has a definite,universal meaning.

Question 9

International law found in treaties,conventions,and trade agreements strongly address the social impacts of businesses.

Question 10

Soft law creates binding obligations for corporations.

Question 11

Civil regulation has fully compensated for lack of binding global regulation.

Question 12

The application of one nation's laws within the borders of another nation is known as extraterritoriality.

Question 13

One of the advantages of sustainability reporting is that the reports are comparable from company to company.

Question 14

Milton Friedman believes that the sole objective of managers should be maximization of profit.

Question 15

Corporations should try to internalize adverse costs of production borne by society.

Question 16

No matter what the source of a code of conduct,the target is the corporation.

Question 17

Any large multinational corporation will follow only a single code.

Question 18

According to the radical Progressives,corporate social responsibility is an insufficient doctrine.

Question 19

Hard law refers to statements of philosophy,policy and principle found in nonbinding international conventions.

Question 20

According to the doctrine of neo-Darwinism,charity interferes with the natural evolutionary process in which society sheds its less fit to make way for the better adapted.

Question 21

According to ____,corporate social responsibility is an insufficient doctrine that substitutes poorly for tougher laws and regulations,allowing corporations to form a smoke screen of virtue behind which their "inviolable core" of profit seeking behavior is untouched.

A) progressive civil societies
B) radical Progressives
C) conservative economists
D) moderate Progressives

Question 22

According to ____,corporate social responsibility creates administrative expenses,distracts executives,confuses economic goals with other goals,and subtracts from social welfare when the corporation is less efficient.

A) radical Progressives
B) progressive civil societies
C) conservative economists
D) moderate Progressives

Question 23

The duty of a corporation to avoid harm to the assets of a community is called:

A) corporate sustainability.
B) corporate social responsibility.
C) corporate governance.
D) corporate social entrepreneurship.

Question 24

According to conservative economists:

A) businesses are reservoirs of skill and energy for improving civic life.
B) business is most responsible when it makes money efficiently.
C) business is most accountable when it applies its energy on social projects.
D) managers have an ethical duty to consider the broad social impact of their decisions.

Question 25

According to the _____ view of economics,a business is socially responsible if it maximizes profits while operating within the law.

A) neoclassical
B) classical
C) contemporary
D) Keynesian

Question 26

According to the Committee for Economic Development,the _____ circle of social responsibility aims at efficient execution of economic functions so that the society can achieve economic growth.

A) intermediate
B) inner
C) external
D) outer

Question 27

Advocates of social responsibility feel that:

A) it is an ethical duty of corporations to promote social justice.
B) social responsibility is impractical.
C) forces other than social responsibility force full responsibility on corporations.
D) it is an insufficient doctrine.

Question 28

According to the doctrine of social Darwinism:

A) rich people and dominant companies are unethically superior.
B) charity is wrong only when it raises the character and superiority of the giver.
C) well-meaning people who gave to charity assisted with the natural law of progress by propping up successful examples of the human race.
D) charity interferes with the natural evolutionary process in which society shed its less fit to make way for the better adapted.

Question 29

According to ____,rich people and dominant companies are morally superior.

A) neo-Darwinism
B) neural Darwinism
C) social Darwinism
D) universal Darwinism

Question 30

_____ was a philosophy of the late 1800s and early 1900s that used evolution to explain the dynamics of human society and institutions.

A) Social Darwinism
B) Universal Darwinism
C) Neo-Darwinism
D) Neural Darwinism

Question 31

A _____ is an agent of a company whose corporate role puts him/her in a position of power over the fate of not just stockholders,but also of others such as customers,employees,and communities.

A) guarantor
B) permittee
C) beneficiary
D) trustee

Question 32

The fundamental idea behind _____ is that corporations have duties that go beyond lawful execution of their economic function.

A) corporate social entrepreneurship
B) corporate sustainability
C) corporate social responsibility
D) corporate governance

Question 33

The concentric circle of responsibility that outlines newly emerging and still amorphous responsibilities that business should assume to improve the social environment,even if they are not directly related to specific business processes is the:

A) neutral circle.
B) inner circle.
C) outer circle.
D) intermediate circle.

Question 34

Which of the following correctly outlines the corporate social responsibility spectrum reading from left to right?

A) Free market conservatives,mainstream corporate managers,progressive civil societies,and radical Progressives.
B) Radical Progressives,mainstream corporate managers,progressive civil societies,and free market conservatives.
C) Free market conservatives,progressive civil societies,and radical Progressives.
D) Radical Progressives,progressive civil societies,mainstream corporate managers,and free market conservatives.

Question 35

Classical ideology focused solely on the _____ circle of social responsibility.

A) intermediate
B) outer
C) neutral
D) inner

Question 36

According to Howard R.Bowen:

A) mangers have an ethical duty to consider the broad social impact of their decisions.
B) corporations can exceed the limit of power granted by a social contract.
C) businesses should mainly look after their own interests before improving society.
D) voluntary actions will not head off negative public attitudes.

Question 37

The near-spiritual belief that individual managers served society by making each business successful is called the:

A) balance of power principle.
B) benefit principle.
C) service principle.
D) Friedman principle.

Question 38

All of the following statements were the interrelated themes of broader responsibility that emerged during the Progressive era EXCEPT:

A) managers were trustees,whose corporate roles put them in positions of power.
B) managers had an obligation to balance multiple interests.
C) many managers subscribed to the service principle.
D) managers concentrated more on promoting their self-interests.

Question 39

The concentric circle of social responsibility that encompasses responsibility to exercise the economic function with a sensitive awareness of changing social values and priorities is the:

A) intermediate circle.
B) external circle.
C) outer circle.
D) inner circle.

Question 40

At one point of time,courts consistently held charitable gifts to be ____,that is,"beyond the law," because the charters prevalent during that time did not expressly permit them.

A) bona fide
B) ultra vires
C) mala fide
D) ab extra

Question 41

The practice of a corporation publishing information about its economic,social,and environmental performance is known as:

A) sustainability accounting.
B) global indexing.
C) global reporting initiative.
D) sustainability reporting.

Question 42

A(n)_____ is a standard that arises over time and as agreement on it becomes widespread,is enforced by social sanction or law.

A) ideal type
B) norm
C) code
D) deviance

Question 43

The idea that ethical consumers will pay a premium for commodities from producers in developing nations who use sustainable methods is known as:

A) moral purchasing.
B) free trade.
C) fair trade.
D) safe trade.

Question 44

When a factory dumps toxic waste into a stream,it results in a(n)_____ cost for society.

A) external
B) internal
C) private
D) extraterritorial

Question 45

The theory that the sole responsibility of a corporation is to optimize profits while obeying the law is known as:

A) Monetarism.
B) Friedmanism.
C) Ordoliberalism.
D) Keynesianism.

Question 46

A(n)_____ cost is a production cost not paid by a firm or its customers,but by members of society.

A) internal
B) external
C) private
D) extraterritorial

Question 47

Which of the following are responses to competitive forces in markets?

A) Private regulations
B) Mandated actions
C) Voluntary actions
D) Market actions

Question 48

When a company indulges in charity,it is said to be undertaking a:

A) voluntary action.
B) market action.
C) mandated action.
D) private action.

Question 49

Which of the following is true regarding problems faced by cross-border corporate power?

A) International law strongly addresses the social impacts of business.
B) Transnational corporations are subject to uneven regulation in developing nations.
C) Strict regulations ensure that corporations are made directly accountable for social harms.
D) International law has strongly codified norms protecting commercial rights,human rights,and other social resources.

Question 50

_____ is regulation by nonstate actors based on social norms or standards enforced by social or market sanctions.

A) State regulation
B) Voluntary regulation
C) Civil regulation
D) Self-regulation

Question 51

In the realm of international law,_____ are found mainly in treaties,creates binding rights,prohibitions,and duties.

A) hard laws
B) quasi-laws
C) traditional law
D) statutory law

Question 52

A/an _____ is a model of the methods an organization can use to achieve certain goals.

A) process certification
B) service principle
C) assurance standard
D) management standard

Question 53

When a worthwhile action of a company goes above and beyond what is required by government regulations,it is called a:

A) mandated action.
B) civil action.
C) voluntary action.
D) market action.

Question 54

_____ actions are initiatives required either by government regulation or civil regulation.

A) Voluntary
B) Mandated
C) Market
D) Profit

Question 55

Civil regulation is also known as:

A) private regulation.
B) self-regulation.
C) state regulation.
D) voluntary regulation.

Question 56

The application of one nation's laws within the borders of another nation is known as:

A) personal jurisdiction.
B) extraterritoriality.
C) neutrality.
D) imperialism.

Question 57

A _____ is the sequence of coordinated actions that add benefit to a product or service.

A) value chain
B) value stream
C) value grid
D) value network

Question 58

The three elements of social responsibility are:

A) market actions,profit actions,and voluntary actions.
B) profit actions,externally mandated actions,and voluntary actions.
C) market actions,externally mandated actions,and voluntary actions.
D) market actions,externally mandated actions,and profit actions.

Question 59

Strategic initiatives where the firm seeks to profit from solving a social problem are an example of:

A) mandated actions.
B) market actions.
C) voluntary actions.
D) private actions.

Question 60

Formal statements of aspirations,principles,guidelines and rules,for corporate behavior are known as:

A) codes of conduct.
B) service principles.
C) doctrines.
D) norms.

Question 61

Discuss the evolution of social responsibility during the late 19^th and early 20^th centuries.

Question 62

Define Friedmanism.

Question 63

Discuss the three elements of social responsibility.

Question 64

Companies that join the ____,a voluntary initiative,must reduce emissions,energy use,and waste beyond legal requirements.

A) EcoManagement and Audit Scheme
B) International Organization for Standardization
C) Principles for Responsible Investment
D) FTSE4Good Global Index

Question 65

The _____ divide projects into high,medium,and low social and environmental risk and compel borrowers to meet standards for ecological protection and to consult with native peoples.

A) Global Reporting Initiatives
B) FTSE4Good Global Indices
C) Equator Principles
D) Global Compact Societies

Question 66

Discuss some of the problems of cross-border corporate power.

Question 67

Define social Darwinism in the context of corporate social responsibility.

Question 68

The standard used by the International Organization for Standardization to determine the quality of a product or service is the:

A) ISO 5000.
B) ISO 9000.
C) ISO 14000.
D) ISO 2600.

Question 69

How is social responsibility viewed in the classical economic theory?

Question 70

What is corporate social responsibility?

Question 71

The standard used by the International Organization for Standardization to determine the environmental impact of a product or service is the:

A) ISO 5000.
B) ISO 9000.
C) ISO 14000.
D) ISO 2600.

Question 72

The International Organization for Standardization is developing the _____ which is intended to set forth underlying principles,core subjects,and methods for integrating social performance in the plans,systems,and processes of organizations.

A) ISO 5000
B) ISO 9000
C) ISO 14000
D) ISO 2600

Question 73

Discuss the rise of new global values.

Question 74

Describe any four principles of corporate social responsibility.

Question 75

Who were corporate trustees?

Question 76

How do radical Progressives and conservative economists perceive corporate social responsibility (CSR)?

Question 77

Discuss corporate social responsibility in a global context.

Question 78

How did the concept of corporate social responsibility evolve from 1950 to 1970?

Question 79

Describe the development of the norms and principles in an evolving system of global corporate social responsibility (CSR).

Question 80

Define the service principle.