Question 1

Which of the following is not a way in which suppliers can add value?

Accepted Answer

Suppliers adding costs is not a way in which they can add value as it would increase the overall cost to the customer and potentially decrease the customer's perceived value of the product or service. Instead, suppliers adding value would typically involve contributing to delivering customer and/or societal value and ultimately leading to a positive impact on shareholder value.

Question 2

Which of the following best explains 'a value chain focus on environmental issues'?

Accepted Answer

The value chain focus on environmental issues includes all stages from the sourcing of raw materials to the way consumers utilize products.

Question 3

Which of the following best explains 'resource dependency theory'?

Accepted Answer

Resource Dependency Theory is externally oriented, focusing on how organizations interact with their environments to acquire essential resources, thereby implicitly incorporating supplier resources and capabilities into their strategies for competitiveness and societal benefit.

Question 4

Which of the following are not indicators in the Dow Jones Sustainability(DJS) Index and the Global Reporting Initiative (GRI)?

Accepted Answer

Profits are not included in the indicators of sustainability as they only represent financial success and do not necessarily reflect social and environmental responsibility. The DJS and GRI focus on factors such as fuel efficiency, carbon footprint, and waste reduction which are all relevant to sustainable development.

Question 5

Which of the following is not an element in Philips supplier sustainability audit in relation to 'Labour'?

Accepted Answer

The element "Level of unionisation" is not specifically listed in Philips supplier sustainability audit for labour. However, other factors such as non-discrimination and child labour avoidance indirectly address unionisation, as unions are often formed to protect workers' rights and prevent discrimination or exploitation.

Question 6

Which of the following are companies responsible to?

Accepted Answer

Companies are responsible to all three parties mentioned - shareholders, customers/clients, and employees. Shareholders expect the company to make profits and maximize their returns, while customers/clients expect high-quality products or services at reasonable prices, and employees expect a fair wage, safe and healthy working conditions, and opportunities for growth and development. Therefore, companies need to balance their responsibilities towards all these parties to sustain in the long run.

Question 7

Which of the following is an international standard for sustainable procurement?

Accepted Answer

ISO 20400 is the international standard for sustainable procurement, providing guidance for organizations to integrate sustainability into their procurement processes. ISO 10001 is a standard for customer satisfaction, ISO 20100 is a standard for event sustainability management, and ISO 90010 is not a valid ISO standard number.

Question 8

Which of the following best explains the 'profit ' dimension of 'people,planet and profit'?

Accepted Answer

The profit aspect of 'people, planet and profit' provides guidelines for sustainable financial development of a company, measured over a longer period of time.

Question 9

Which of the following best explains the 'planet ' dimension of 'people,planet and profit'?

Accepted Answer

The 'planet' dimension of 'people, planet and profit' is focused on an efficient use of natural resources of energy, raw materials and other natural resources to promote environmental sustainability.

Question 10

Which of the following best explains the 'people ' dimension of 'people,planet and profit'?

Accepted Answer

The 'people' dimension of 'people, planet and profit' refers to activities focused on providing good labor conditions for employees and a labor climate in which individual employees are able to develop their skills and competencies.

Question 11

Which of the following is not an example of a Shell business principle?

Accepted Answer

The answer of Which of the following is not an...

Question 12

Which of the following is not an element in Philips supplier sustainability audit in relation to 'Health and safety'?

Accepted Answer

The element of "freely chosen employment" is not directly related to health and safety, but rather to labor practices. The other three elements, industrial hygiene, machine safeguarding, and emergency preparedness, are all directly related to promoting health and safety in the workplace.

Question 13

What do the letters CSR commonly stand for in business?

Accepted Answer

CSR commonly stands for Corporate Social Responsibility, which is the concept of businesses taking responsibility for their impact on society and the environment. This involves considering the interests of diverse stakeholders, such as employees, customers, communities, and the planet, in addition to shareholders. CSR can involve various activities, such as ethical business practices, philanthropy, sustainability initiatives, and corporate volunteering.

Question 14

Which of the following best explains 'CSR and sustainability'?

Accepted Answer

CSR (corporate social responsibility) and sustainability refer to developing business practices that address the social, economic, and environmental impacts of a company's operations. This entails ensuring that current needs are met without compromising the ability of future generations to meet their own needs.

Question 15

Which of the following is not an example of a Shell business principle?

Accepted Answer

The Quality Principle is not listed among Shell's core business principles. Shell's business principles emphasize integrity, ethical conduct, and consideration for health, safety, security, and the environment, among others, but do not specifically include a "Quality Principle."

Question 16

Which of the following is not an example of a Shell business principle?

Accepted Answer

The other three choices are examples of Shell business principles, but profitability is not explicitly listed as one of their principles. However, it could be argued that profitability is implicitly included in their commitment to sustainable growth, which is one of their principles.

Question 17

Which of the following are companies responsible to?

Accepted Answer

Companies have a responsibility to all of the above- to the people and organizations they do business with, to the society they operate in, and to their employees who work for them. A company's actions and decisions can have a significant impact on all these stakeholders, and hence, it is important for them to act responsibly towards each of them.

Question 18

Which of the following are not stakeholders?

Accepted Answer

Competitors are generally not considered stakeholders in a company. Stakeholders are individuals or groups that have an interest in the success and progression of a company, such as employees, customers, and investors. Competitors, on the other hand, are entities that operate in the same industry and vie for the same customer base but do not have a vested interest in the company's success.

Question 19

Which of the following is not an element in Philips supplier sustainability audit in relation to 'Environmental'?

Accepted Answer

All of the other options (hazardous substances, waste water and solid waste, and air emissions) are elements included in Philips supplier sustainability audit in relation to 'Environmental', but industrial hygiene is not.

Question 20

Which of the following is not a feature of sustainable profitability?

Accepted Answer

Sustainable profitability involves considering the interests of various stakeholders, including customers, employees, and suppliers, to ensure long-term success. While shareholders' interests are important, focusing solely on them at the expense of other stakeholders does not align with the principles of sustainable profitability, which emphasizes a broader approach to business success.

Quiz 15: Purchasing, Corporate Social Responsibility and Integrity

Which of the following is not a way in which suppliers can add value?

Which of the following best explains 'a value chain focus on environmental issues'?

Which of the following best explains 'resource dependency theory'?

Which of the following are not indicators in the Dow Jones Sustainability(DJS) Index and the Global Reporting Initiative (GRI) ?

Which of the following is not an element in Philips supplier sustainability audit in relation to 'Labour'?

Which of the following are companies responsible to?

Which of the following is an international standard for sustainable procurement?

Which of the following best explains the 'profit ' dimension of 'people,planet and profit'?

Which of the following best explains the 'planet ' dimension of 'people,planet and profit'?

Which of the following best explains the 'people ' dimension of 'people,planet and profit'?

Which of the following is not an example of a Shell business principle?

Which of the following is not an element in Philips supplier sustainability audit in relation to 'Health and safety'?

What do the letters CSR commonly stand for in business?

Which of the following best explains 'CSR and sustainability'?

Which of the following is not an example of a Shell business principle?

Which of the following is not an example of a Shell business principle?

Which of the following are companies responsible to?

Which of the following are not stakeholders?

Which of the following is not an element in Philips supplier sustainability audit in relation to 'Environmental'?

Which of the following is not a feature of sustainable profitability?