Question 1

A firm that participates in social causes not directly related to the management of its primary stakeholders is engaged in: ​

Accepted Answer

Social issue participation involves a company's involvement in social causes or issues that are not directly related to its primary stakeholders, such as environmental conservation or human rights advocacy. Defensive strategy refers to a company's actions to protect itself from external threats. Secondary stakeholder groups refer to stakeholders other than primary stakeholders, such as suppliers, government, and the local community. Global sustainability refers to a company's commitment to sustainable development practices on a global scale.

Question 2

Although a code of conduct tangibly expresses values of an organization,seeing it as window dressing is the assessment of the:​

Accepted Answer

The negative view assesses a code of conduct as mere window dressing, suggesting skepticism about its genuine implementation or effectiveness within an organization.

Question 3

In regard to the extent of CSR challenges,the following are true EXCEPT:

Accepted Answer

All industries are NOT equal in terms of their exposure to CSR challenges. Different industries face different CSR challenges based on their operations, impact on the environment and society, and stakeholder expectations. For example, industries that use large amounts of natural resources or produce high levels of pollution or greenhouse gases (such as energy and chemical industries) are often under scrutiny for their environmental impact. Similarly, firms that outsource to developing countries may face challenges related to human rights violations and labor standards. Some firms may engage with NGOs to improve their CSR policies and practices, but it is not common for firms to turn to NGO critics to have their policies certified.

Question 4

In regard to the link between CSR and economic performance:

Accepted Answer

While there is no conclusive evidence of a positive link between CSR and economic performance, most studies do not find a negative relationship. However, it is clear that some firms may not be suited for a CSR-intensive strategy and may not see the same economic benefits as others.

Question 5

The participation of which of the following groups is essential in an accommodative strategy? ​

Accepted Answer

The answer of The participation of which of the following...

Question 6

An example of a secondary stakeholder group is:

Accepted Answer

Social and environmental groups are examples of secondary stakeholder groups because they are not directly involved with the company's operations, but still have an interest in the company's actions and impact on society and the environment. Suppliers, customers, and governments are considered primary stakeholders as they are directly involved in the company's operations and/or have a significant economic or regulatory impact on the company.

Question 7

​Those who are opposed to strong efforts toward CSR would use which of the following arguments?

Accepted Answer

This argument suggests that CSR, particularly in terms of environmental regulation, can be costly for businesses and may make them less competitive. Those who oppose strong efforts toward CSR might argue that businesses should focus on maximizing profits rather than being socially responsible.

Question 8

In the post-Great Recession environment,the responsibility of managers means:​

Accepted Answer

In the post-Great Recession environment, managers are expected to respond to the changing societal expectations of the social and environmental roles of firms. This means that they should prioritize Corporate Social Responsibility (CSR) and integrate it into their overall business strategy in order to stay competitive and meet the expectations of stakeholders. Relegating CSR to the "back burner" or following only those CSR standards that are globally unambiguous is not enough in today's business environment. Additionally, while the maxim "the business of business is business" has been traditionally used to justify profit maximization, it is increasingly being recognized that businesses have a broader responsibility beyond just making profits.

Question 9

From a corporate governance perspective,MNEs are: ​

Accepted Answer

The answer of From a corporate governance perspective,MNEs are: ​
...

Question 10

​Which of the following would NOT be considered an underlying motivation behind MNEs' voluntary "green practices"?

Accepted Answer

Host country laws and norms are typically considered a regulatory or mandatory factor rather than a voluntary motivation for MNEs to adopt green practices. Voluntary green practices are usually motivated by factors such as CSR pressures, requirements from headquarters, and customer demands, rather than by compliance with laws.

Question 11

Some CSR advocates who question motives of firms implementing CSR are pleased that:

Accepted Answer

All of the above options are reasons why CSR advocates who question motives of firms implementing CSR are pleased. They acknowledge that even if a company is only engaging in CSR for the sake of appearance or reputation, it can still create tangible benefits and improvements for stakeholders, and improve the overall legitimacy and prioritization of CSR within organizational decision-making. The creation of codes of conduct can also help hold firms accountable for their actions and provide a means for measuring their performance against industry standards.

Question 12

There is agreement throughout society that:

Accepted Answer

While there may be some debate about the pros and cons of overseas expansion, there is general agreement that it can lead to job loss in the home country. The other statements do not have universal agreement or may be controversial.

Question 13

Those who feel that firms that expand into emerging economies are failing their CSR responsibilities are most likely to claim that:

Accepted Answer

Those who feel that firms that expand into emerging economies are failing their CSR responsibilities are most likely to claim that domestic employees and communities pay the price for the overseas expansion. They argue that companies may overlook their obligations to their domestic stakeholders while seeking to take advantage of lower labor and environmental standards in emerging economies.

Question 14

An example of a primary stakeholder group is:

Accepted Answer

Employees are a primary stakeholder group because they directly contribute to the success of the organization and are impacted by its decisions and actions.

Question 15

Reactive firms:

Accepted Answer

Reactive firms typically respond to external pressures rather than proactively engaging in activities that might increase their costs, such as CSR (Corporate Social Responsibility) initiatives. They tend to react negatively to aspects of CSR that may increase costs, rather than actively participating in policy discussions, building alliances with stakeholders, or engaging in voluntary activities beyond what regulations require.

Question 16

As seen through the instrumental view of CSR,those who are skeptical of CSR compliance claim:

Accepted Answer

The answer of As seen through the instrumental view of...

Question 17

In regard to managers and CSR,the following are true EXCEPT:

Accepted Answer

While all sides of the CSR debate agree that managers have a unique and central role, there is no consensus on how managers should implement their role. Some argue that managers should prioritize their shareholders, while others argue that they should consider the interests of all stakeholders. Therefore, option B is incorrect.

Question 18

From an institutional perspective,proactive activities are indicative of all the following EXCEPT:

Accepted Answer

Proactive activities are indicative of normative beliefs, cognitive beliefs, and the desire to do the right thing. They reflect a genuine commitment to ethical behavior and are not done simply for show or to avoid negative consequences (i.e. there is no "window dressing" involved). Therefore, D is the exception.

Question 19

​Numerous components within a firm,such as formal management control systems and informal relationships between managers and employees that may be especially relevant to CSR are often called:

Accepted Answer

Complementary assets refer to different components or resources of a firm that work together to achieve a common goal. In the context of CSR, formal management control systems (such as codes of conduct and reporting mechanisms) and informal relationships between managers and employees (such as ethical leadership and employee engagement) can work together as complementary assets to support CSR initiatives.

Question 20

​All firms have a different combination of resources;therefore,from a resource-based perspective:

Accepted Answer

Since all firms have a different combination of resources, there is no guarantee that every firm will benefit economically from implementing CSR. It depends on the specific resources and capabilities of the firm.

Quiz 12: Strategizing With Corporate Social Responsibility

A firm that participates in social causes not directly related to the management of its primary stakeholders is engaged in: ​

Although a code of conduct tangibly expresses values of an organization,seeing it as window dressing is the assessment of the:​

In regard to the extent of CSR challenges,the following are true EXCEPT:

In regard to the link between CSR and economic performance:

The participation of which of the following groups is essential in an accommodative strategy? ​

An example of a secondary stakeholder group is:

​Those who are opposed to strong efforts toward CSR would use which of the following arguments?

In the post-Great Recession environment,the responsibility of managers means:​

From a corporate governance perspective,MNEs are: ​

​Which of the following would NOT be considered an underlying motivation behind MNEs' voluntary "green practices"?

Some CSR advocates who question motives of firms implementing CSR are pleased that:

There is agreement throughout society that:

Those who feel that firms that expand into emerging economies are failing their CSR responsibilities are most likely to claim that:

An example of a primary stakeholder group is:

Reactive firms:

As seen through the instrumental view of CSR,those who are skeptical of CSR compliance claim:

In regard to managers and CSR,the following are true EXCEPT:

From an institutional perspective,proactive activities are indicative of all the following EXCEPT:

​Numerous components within a firm,such as formal management control systems and informal relationships between managers and employees that may be especially relevant to CSR are often called:

​All firms have a different combination of resources;therefore,from a resource-based perspective:

A firm that participates in social causes not directly related to the management of its primary stakeholders is engaged in:

Although a code of conduct tangibly expresses values of an organization,seeing it as window dressing is the assessment of the:

The participation of which of the following groups is essential in an accommodative strategy?

Those who are opposed to strong efforts toward CSR would use which of the following arguments?

In the post-Great Recession environment,the responsibility of managers means:

From a corporate governance perspective,MNEs are:

Which of the following would NOT be considered an underlying motivation behind MNEs' voluntary "green practices"?

Numerous components within a firm,such as formal management control systems and informal relationships between managers and employees that may be especially relevant to CSR are often called:

All firms have a different combination of resources;therefore,from a resource-based perspective: