Question 1

The Triple Bottom Line encompasses all of the following spheres of performance except

Accepted Answer

The Triple Bottom Line (TBL) refers to the three spheres of performance: economic, social, and environmental. However, philanthropic performance is not explicitly a part of the TBL, although it can be considered a part of social performance.

Question 2

The Triple Bottom Line concept focuses on economic,social,and envirornnental performance,the key elements of

Accepted Answer

The Triple Bottom Line concept is a sustainability framework that considers not only economic performance but also social and environmental impacts. Therefore, option A is the best choice. The other options, such as growth, corporate social responsibility, and corporate social responsiveness, may be related to sustainability, but they do not fully encapsulate the concept of the Triple Bottom Line.

Question 3

Which of the following is not an argument commonly used in favor of corporate social responsibility?

Accepted Answer

While it is commonly argued that businesses have the resources and expertise to address social problems, it is not often argued that they are "best equipped" to do so. In fact, many argue that non-governmental organizations, community groups, and government agencies are often better suited to address social issues.

Question 4

Financial returns from socially conscious investment funds are

Accepted Answer

Studies have shown that the financial returns from socially conscious investment funds are competitive with returns from other investments. While there may sometimes be slight differences, overall, socially responsible investing does not necessarily result in lower returns.

Question 5

Which of the following is not a characteristic of a socially responsible company?

Accepted Answer

While making above average financial returns is desirable for any company, it is not a defining characteristic of a socially responsible company. A socially responsible company prioritizes the well-being of its stakeholders, which includes its employees, customers, and the environment, along with making a profit. A company can still be socially responsible even if it does not make above average financial returns. The other options listed - making safe products, not polluting air or water, and recycling within the company - are all examples of actions a socially responsible company would take.

Question 6

The argument against CSR focuses on the consequence of the requirement that business must internalize costs that it formerly passed on to society in the form of dirty air and unsafe products,the costs of which might necessitate raising prices.

Accepted Answer

The argument against CSR focuses on the consequence of the requirement that business must internalize costs that it formerly passed on to society in the form of dirty air and unsafe products. This includes the cost of ensuring that business activities are environmentally friendly and socially responsible. This may negatively impact the global competitiveness of a business, especially if competitors in other countries are not subject to the same requirements. Therefore, D is the best choice.

Question 7

Which entity publishes "The 100 Best Companies to Work For"?

Accepted Answer

Fortune Magazine publishes "The 100 Best Companies to Work For" list annually, which is based on extensive employee surveys and evaluations of company culture, benefits, and overall workplace satisfaction.

Question 8

The view of corporate citizenship that embraces all that is implied in the concepts of social responsibility,responsiveness,and performance is the view.

Accepted Answer

The view of corporate citizenship that embraces all that is implied in the concepts of social responsibility, responsiveness, and performance cannot be considered limited. The opposite of limited is broad, so B is the best answer. Unlimited is not a fitting choice, because corporate citizenship does have some limitations and boundaries, such as legal and ethical considerations. Narrow would not be a fitting choice either, as it suggests a restricted or insufficient approach to corporate citizenship.

Question 9

The narrow view of corporate citizenship focuses solely on

Accepted Answer

The narrow view of corporate citizenship focuses solely on corporate community relations, which refers to a company's interactions with the communities in which it operates. This view considers the company's role in supporting and contributing to the local economy, providing philanthropic support, and engaging in volunteer activities. It does not take into account broader stakeholder management or ecological issues that a company may impact.

Question 10

Carroll's corporate social performance model can be used in all of the ways listed below except

Accepted Answer

Carroll's corporate social performance model provides a conceptualization of the different aspects of corporate social responsibility, and can be used as a planning tool and to identify categories within which an organization can be situated. However, it does not provide specific answers to individual social problems, as the model is meant to be a broad framework rather than a specific solution.

Question 11

The first and primary argument for corporate social responsibility is

Accepted Answer

Corporate social responsibility is in business's long-range interest as it helps build a positive reputation, enhances customer loyalty, attracts quality employees, and improves risk management. It also helps in avoiding potential legal and regulatory actions that may harm the company's profits. Hence, being socially responsible helps in the long-term growth and sustainability of the business.

Question 12

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The most popular view is based on the belief that

Accepted Answer

The most popular view is that socially responsible firms are more financially profitable, as it is believed that engaging in socially responsible activities can enhance a company's reputation, customer loyalty, and operational efficiencies, leading to better financial performance.

Question 13

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The perspective that views social responsibility as a "fair weather" concept

Accepted Answer

The perspective that views social responsibility as a "fair weather" concept views social responsibility as driven by the firm's financial performance. This perspective suggests that a company is only likely to engage in social responsibility activities when it can afford to do so, and when such activities are likely to result in a positive financial outcome. This perspective has been criticized for being too narrow and short-sighted, as it fails to recognize the potential long-term benefits that can result from social responsibility activities, even when they do not have an immediate financial impact.

Question 14

Which entity publishes annual "World's Most Admired Companies" rankings?

Accepted Answer

Fortune Magazine publishes the annual "World's Most Admired Companies" rankings.

Question 15

According to the Business Case for CSR,a reason companies are becoming more socially responsible is all of the following except

Accepted Answer

The answer of According to the Business Case for CSR,a...

Question 16

is depicted as an action- oriented variant of CSR

Accepted Answer

Corporate Social Responsiveness is the action-oriented variant of CSR as it focuses on a company's response to social issues and external pressures. It involves the company taking immediate steps to address social issues as they arise, rather than simply engaging in long-term sustainability and ethical practices.

Question 17

Benefits to companies of good corporate citizenship include all of the following except

Accepted Answer

Good corporate citizenship may lead to improved employee relations, customer relations, and business performance, however it does not necessarily mean that there will be fewer government regulations. In fact, some government regulations may require companies to engage in good corporate citizenship practices.

Question 18

Which of the following is not a dimension of Carroll's corporate social performance model?

Accepted Answer

Carroll's corporate social performance model includes four dimensions: economic, legal, ethical, and philanthropic responsibilities. Funding sources are not one of these dimensions.

Question 19

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The symbiotic view

Accepted Answer

The symbiotic view that is synonymous with the contingency view is incorrect (option D). Option A, stating that financial performance determines social performance, is unable to capture the possibility of a firm taking social responsibility in order to improve its financial performance. Option B, stating that high social performance leads to improved financial performance, is also too simplistic as not all efforts of social performance can directly impact financial performance. Option C, on the other hand, acknowledges the interactive relationship between these factors and suggests that social performance, financial performance, and corporate reputation are all closely linked.

Question 20

The book,The Civil Corporation,identifies four ways in which business fmns respond to social pressures.Which of the following is not one of those?

Accepted Answer

The four ways in which business firms respond to social pressures, as identified by the book The Civil Corporation, are defensive approach, cost-benefit approach, strategic approach, and stakeholder approach. Therefore, option D (stakeholder approach) cannot be the correct answer as it is one of the four ways mentioned in the question.

Quiz 2: Orporate Citi7cnship: Social Responsibility Ferformancc, Sustolinability