Question 1

______ is based on the belief that organizations have some responsibilities to society beyond that of making profits for the shareholders.

Accepted Answer

Corporate social responsibility (CSR) is the belief that organizations have certain responsibilities to society beyond just making profits for their shareholders. This includes considerations such as environmental impact, ethical business practices, and giving back to the community. Sustainability (A) is a related concept that focuses on balancing economic, social, and environmental concerns for long-term success. Accountability (C) refers to the responsibility of individuals or organizations to be answerable for their actions and decisions. Authority (D) pertains to the power or right to make decisions and enforce rules or laws.

Question 2

To be allowed to use the ______ given,the person must accept or assume responsibility.

Accepted Answer

The correct answer is "authority" because it implies that someone has been given the power or right to do something, and with that power comes the responsibility to use it wisely. Accountability, sustainability, and value do not fit the context of being given something that requires acceptance or assumption of responsibility in the same way.

Question 3

Women fill about ______% of the board seats at Fortune 500 public companies.

Accepted Answer

Women fill about 19% of the board seats at Fortune 500 public companies.

Question 4

Authority is a right to give orders,and ______ is an obligation to answer for those orders.

Accepted Answer

The answer of Authority is a right to give orders,and...

Question 5

The ______ refers to the invisible barriers to advancement in business to women and minority employees.

Accepted Answer

The term "glass ceiling" refers to the invisible barriers that prevent women and minority employees from advancing to higher positions within a company.

Question 6

______ can be granted by the organization but responsibility has to be accepted by the party.

Accepted Answer

Authority can be granted by an organization, but the responsibility has to be accepted by the individual or party. Ethics, principles, and values are all personal beliefs and codes of conduct and do not necessarily require permission from an organization.

Question 7

A ______ is a payment meant to cause someone to make decisions that may help a person or an organization but do significant harm to other organizations or other stakeholders in the decision.

Accepted Answer

A bribe is a payment made with the intention of influencing someone to make decisions in favor of the bribe giver, even if it causes harm to other stakeholders or competitors. Bequests, gifts, and presents may also involve the transfer of money or assets, but they are typically given without the expectation of receiving something in return or influencing a decision.

Question 8

______ organizations like TOMS pursue a social mission and sustain their operations through commercial activities.

Accepted Answer

The term "hybrid" refers to organizations that combine commercial activities with a social mission. TOMS is a well-known example of a hybrid organization, as it sells shoes and eyewear and also donates a pair of shoes or eyeglasses to someone in need for every purchase made. B Corps are also organizations that balance purpose and profit, but they have a distinct legal structure and certification process. CSR Corp is not a common term or designation for organizations, and charity typically refers to organizations that rely primarily on philanthropic donations rather than commercial activities to fund their mission.

Question 9

______ is the concept that organizations have a duty to all societal stakeholders to operate in a manner that takes each of their needs into account.

Accepted Answer

Corporate social responsibility is the concept that organizations have a duty to operate in a manner that takes into account the needs of all societal stakeholders, including customers, employees, shareholders, the community, and the environment. This includes being accountable for the organization's impact on these stakeholders and engaging in sustainable practices. Sustainability, justification, and accountability are related concepts but do not fully capture the idea of considering all societal stakeholders.

Question 10

Being ______ means going beyond legal and economic obligations to do the right things by acting in ways that benefit society.

Accepted Answer

Social responsibility refers to taking actions that benefit society beyond legal and economic requirements. Ethical behavior also involves doing the right thing, but it may not necessarily include specific social benefits. Savvy and perceptive are not directly related to this concept.

Question 11

Sydnie was concerned that her shipment would not reach her customers in time.To expedite the shipment,she paid a friend on the loading dock to prevent a truck from leaving until Sydnie could get to the truck with the package.It appears that Sydnie engaged in ______.

Accepted Answer

Sydnie engaged in bribery by paying someone to prevent a truck from leaving until she could get her package on it. This is not ethical behavior and can have legal consequences.

Question 12

The business case for ______ is based on the ability of the organization to help or harm various stakeholder groups and the ability of all stakeholder groups to help or harm the company.

Accepted Answer

The concept of corporate social responsibility (CSR) involves a company's responsibility to consider the impact of its actions on various stakeholder groups, such as employees, customers, communities, and the environment. The business case for CSR lies in the company's ability to positively impact these stakeholders, which can lead to long-term benefits such as improved reputation, customer loyalty, and employee satisfaction. Conversely, companies that fail to consider the impact of their actions on stakeholders can face negative consequences such as boycotts, lawsuits, and reputational damage. Thus, the business case for CSR is based on the idea that responsible behavior contributes to long-term success and sustainability.

Question 13

______ organizations like Etsy use the power of business to solve social and environmental problems.To be this type of organization,there are certain certification requirements.

Accepted Answer

The answer of ______ organizations like Etsy use the power...

Question 14

Concerned that her new office building would not meet new environmental standards,Sarah made large contributions to several prominent politicians in exchange for being permitted to continue with construction on the building.It appears that Sarah engaged in ______.

Accepted Answer

Sarah engaged in corrupt payments by making contributions to politicians in exchange for permitting the construction of a building that did not meet environmental standards.

Question 15

The late actor Paul Newman started Newman's Own,a ______ organization,to sell products like salad dressing and give all the after-tax profits to charities.

Accepted Answer

Newman's Own is a hybrid organization that combines for-profit and non-profit goals. It is a private enterprise that aims to make a profit, but all after-tax profits are donated to charities. It is not a B Corporation, which is a specific type of for-profit entity that is certified for its social and environmental performance, accountability, and transparency. It is also not a CSR Corporation, which is a term that refers to a company that prioritizes social responsibility and sustainability in its business operations. Finally, while Newman's Own is a charitable organization in the sense that all profits go to charities, it is not a charity in the legal sense of the term.

Question 16

The number of workers over the age of ______ has increased by more than 75% in the past 20 years.

Accepted Answer

The answer of The number of workers over the age...

Question 17

______ is a right to give orders,and responsibility is an obligation to answer for those orders.

Accepted Answer

Authority is the right to give orders or make decisions, while responsibility is the obligation to answer for those orders or decisions. Accountability also relates to responsibility, but specifically refers to being answerable for one's actions and decisions. Sustainability is not relevant to this specific definition.

Question 18

Being socially ______ has negative consequences,as it gives the company a negative reputation that leads to more difficulty in attracting customers,investors,and employees.

Accepted Answer

Being socially irresponsible can have negative consequences for a company as it can lead to a negative reputation that makes it more difficult to attract customers, investors, and employees.

Question 19

______ refers to exploring the responsibilities of business and its role in society.

Accepted Answer

Corporate social responsibility (CSR) is the exploration and implementation of ethical practices and policies by a business in its operations, with the aim of benefiting society and the environment. It involves taking responsibility for the social, environmental, and economic impact of the company's actions, beyond just maximizing profits for shareholders.

Question 20

Acme Global has been selling a new widget,which it claims improves children's hand-eye coordination.It was revealed that the organization knew the widget did no such thing but decided not to fix the problem or withdraw the widget from the market.It appears Acme Global engaged in ______.

Accepted Answer

Acme Global engaged in unethical marketing practices by making false claims about the widget's benefits for children's hand-eye coordination despite knowing that it had no such benefits. This is a violation of consumer trust and can cause harm to children who rely on the widget for these false benefits.

Quiz 15: Organizational Ethics, Sustainability, and Social Responsibility