Question 1

What five actions can a Board of Directors do to create a culture of ethical behaviour and financial integrity?

Accepted Answer

The answer of What five actions can a Board of...

Question 2

The "strategic partnering" level of corporate social responsibility requires a cultural shift within the organization.

Accepted Answer

Strategic partnering level of corporate social responsibility involves not just superficial charity or donation but a deeper partnership with the community or an NGO to achieve a shared social responsibility goal. Therefore, it requires organizations to embrace a culture of collaboration, inclusiveness, and social innovation.

Question 3

A business that takes a public position on a political issue is exercising corporate social responsibility.

Accepted Answer

Taking public positions on political issues can be seen as a form of corporate social responsibility because it demonstrates a company's commitment to values beyond simply making a profit. However, it can also carry risks and potential backlash depending on the specific issue and audience reactions.

Question 4

At a recent town hall meeting,citizens expressed concern regarding the impact of a proposed new gambling casino.The owner of the proposed casino responds,"I don't know what all of this fuss is about.I'm just a businessman trying to earn a profit,provide new jobs,and pay taxes." His response reflects a commitment to corporate social responsibility.

Accepted Answer

The owner's response shows a focus on the economic benefits of the casino but does not acknowledge or address the potential negative social impacts, indicating a lack of consideration for corporate social responsibility.

Question 5

Everyone agrees on what constitutes corporate social responsibility.

Accepted Answer

There is no universally accepted definition of corporate social responsibility and it can vary depending on the organization, industry, and socio-cultural context.

Question 6

How does a corporation move to a true integration of CSR into corporate strategy?

Accepted Answer

The answer of How does a corporation move to a...

Question 7

One of the fundamental shifts in the integration of strategy and the social agenda is from responding to social issues to treating CSR as a core root of the strategic planning process.

Accepted Answer

This statement is true. Companies are increasingly realizing the importance of integrating CSR (Corporate Social Responsibility) into their strategic planning processes and making it a core component of their business strategy rather than just a response to social issues. This helps them create long-term value for their stakeholders while also addressing social and environmental concerns.

Question 8

The "philanthropy" level of corporate social responsibility is at the top of the CSR pyramid.

Accepted Answer

The answer of The "philanthropy" level of corporate social responsibility...

Question 9

Defining a socially responsible company is complicated.We can't seem to agree on what being socially responsible involves.

Accepted Answer

Different people and organizations have varying perspectives and criteria for what constitutes social responsibility, making it a complex and multifaceted concept with no universally accepted definition.

Question 10

One of the fundamental shifts in the integration of strategy and the social agenda is when the organization recognizes that certain social issues impact the key drivers of the organization's competitiveness.

Accepted Answer

The statement is true. When an organization recognizes that certain social issues impact the key drivers of its competitiveness, it understands the significance of integrating its strategy with the social agenda.

Question 11

Explain why shareholders be willing to sacrifice returns in order to maintain a longer-term social contract in areas which benefit non-financially-committed stakeholders?

Accepted Answer

The answer of Explain why shareholders be willing to sacrifice...

Question 12

How can an organization improve ethical behavior?

Accepted Answer

The answer of How can an organization improve ethical behavior?...

Question 13

A new law requiring businesses to give 90 day notice of their plans to close an office or factory was recently enacted.This action indicates the public's desire for businesses to behave in a socially responsible manner.

Accepted Answer

The new law requiring businesses to give 90 day notice of their plans to close an office or factory indicates that the public wants businesses to behave in a socially responsible manner.

Question 14

The true integration of CSR initiatives into corporate strategy requires movement beyond the philanthropy and personal projects level.

Accepted Answer

True integration of CSR initiatives means incorporating these initiatives into the overall business strategy rather than viewing them as separate philanthropic or personal projects. This requires a holistic and long-term approach to sustainability and societal impact.

Question 15

What is Corporate Social Responsibility (CSR) all about?

Accepted Answer

The answer of What is Corporate Social Responsibility (CSR) all...

Question 16

Increasingly,consumers are choosing not to patronize businesses that receive negative publicity concerning misconduct.

Accepted Answer

This statement is true. Consumers are becoming more socially conscious and are using their purchasing power to support companies that align with their values and avoid those that don't. Negative publicity concerning misconduct can have a significant impact on a company's reputation and ultimately its bottom line.

Question 17

The "strategic partnering" level of corporate social responsibility is at the top of the CSR pyramid.

Accepted Answer

The strategic partnering level is the highest level of CSR, as it involves collaboration with external stakeholders to create long-term sustainable solutions to social and environmental issues.

Question 18

The concept of social responsibility is universally accepted.

Accepted Answer

Even though the concept of social responsibility is receiving more and more attention,it is still not universally accepted.

Question 19

What is business ethics?

Accepted Answer

The answer of What is business ethics?...

Question 20

"My only social responsibility is to make a profit.I will show my concern for society by providing my customers with a product that they need and desire." These statements are consistent with the concept of corporate social responsibility.

Accepted Answer

The statement is inconsistent with the concept of corporate social responsibility, which also includes considering the impact of a company's actions on society and the environment, and taking steps to address any negative effects. Simply providing a product that customers want does not necessarily fulfill a company's social responsibility obligations.

Quiz 5: Ethics and Corporate Social Responsibility