Question 1

A decade into the 21^st century, corporate citizenship has become complicated and mandatory.

Accepted Answer

With increasing awareness and concern for social and environmental issues, corporate citizenship has become a crucial aspect of a company's operations. Many countries have also made it mandatory for companies to follow certain ethical and social standards, making corporate citizenship even more complicated.

Question 2

A tangible asset is something that cannot be seen or counted, but nonetheless has value.

Accepted Answer

A tangible asset is something that can be seen and touched, and has a physical form that can be counted or measured, such as property, equipment, and inventory. Intangible assets are things like patents, trademarks, copyrights, and goodwill, which cannot be seen or touched but still have value.

Question 3

In the first stage of corporate citizenship, the elementary stage, managers are uninterested and uninvolved with social issues.

Accepted Answer

In the first stage of corporate citizenship, also known as the elementary stage, managers are typically uninterested and uninvolved with social issues.

Question 4

Corporate citizenship involves transforming a concern for financial performance into a vision of corporate financial and social performance.

Accepted Answer

Corporate citizenship is an approach in which companies take responsibility for the impact of their operations on society and the environment, and strive to have a positive impact while also achieving financial success. This involves integrating social and environmental considerations into decision-making processes and strategies, and measuring success not just in terms of financial performance, but also in terms of social and environmental performance. Therefore, the statement is true, as it highlights the need to move beyond a narrow focus on financial performance and adopt a more holistic view of corporate success.

Question 5

Global corporate citizenship refers to putting an organization's commitment to social and environmental responsibility into practice locally.

Accepted Answer

The answer of Global corporate citizenship refers to putting an...

Question 6

Novo Nordisk's "take action" project was a program designed to:

Accepted Answer

The "take action" project by Novo Nordisk was designed to promote exercise and healthy eating in schools, particularly focusing on tackling childhood obesity.

Question 7

Robert Civita, chairman and CEO of the Brazilian Abril Group, has defined global corporate citizenship as "socialism with a conscience."

Accepted Answer

The statement is false. While Robert Civita did define corporate citizenship as "socialism with a conscience," he did not use the term "global."

Question 8

Companies whose citizenship profile best matches public expectations are least likely to benefit from strategic investments in corporate citizenship.

Accepted Answer

Companies whose citizenship profile best matches public expectations are more likely to benefit from strategic investments in corporate citizenship. By aligning with public expectations, these companies can strengthen their reputation and brand value, increase customer loyalty, and attract and retain top talent.

Question 9

There is no single universally accepted method for designing a CSR management structure.

Accepted Answer

CSR management structures vary based on the size, industry, and values of the organization, as well as the expectations of stakeholders. Therefore, there is no one-size-fits-all approach to designing a CSR management structure.

Question 10

Triple bottom line reporting requires that a firm report financial data.

Accepted Answer

Triple bottom line reporting involves reporting financial, social, and environmental performance. While financial data is just one component, it is still necessary to report on in order to fully assess a company's sustainability efforts.

Question 11

Developing products and services that meet the needs of the world's poorest citizens is sometimes called:

Accepted Answer

Selling to the bottom of the pyramid is a term used to describe the efforts of businesses to create products and services that are affordable and accessible to people living in poverty, with the aim of improving their lives while also generating profits for the company. This approach has been championed by advocates of social entrepreneurship and sustainable business practices.

Question 12

Social performance audits look at what an organization does, not at the results of the actions.

Accepted Answer

Social performance audits evaluate both the actions an organization takes and the outcomes or results of those actions to assess their social impact.

Question 13

The initiative into which GE has poured vast resources into developing energy-efficient and environmentally friendly products and services is called:

Accepted Answer

The name of the initiative developed by GE for energy-efficient and environmentally friendly product development is called "Ecomagination". Therefore, option B is the correct answer. Option A, C, and D are not related to the given question.

Question 14

If a company acknowledges the need to build more coherent initiatives, it is in the innovative stage of becoming a corporate citizen.

Accepted Answer

The answer of If a company acknowledges the need to...

Question 15

Some companies have created a department of corporate citizenship to:

Accepted Answer

Creating a department of corporate citizenship centralizes the responsibility and leadership of various corporate citizenship functions, such as sustainability, social responsibility, and community engagement, under one department. This helps to ensure consistency and coherence in the company's efforts and can lead to more effective implementation.

Question 16

When looking at social reporting by country, Japan and the United Kingdom top the list of percentage of firms reporting.

Accepted Answer

According to a 2017 KPMG survey, Japan and the United Kingdom were the top two countries in terms of the percentage of firms reporting on their social and environmental impact.

Question 17

Corporate citizenship partnerships can exist between companies and stakeholders in other countries.

Accepted Answer

Corporate citizenship partnerships can exist between companies and stakeholders in other countries, as part of their efforts to promote sustainable development, social responsibility, and ethical business practices on a global scale. These partnerships can take various forms, such as joint ventures, strategic alliances, social impact investments, philanthropic initiatives, and cross-sector collaborations, and can involve multiple stakeholders, including governments, NGOs, communities, investors, suppliers, customers, and employees. By working together, companies and their partners can leverage their respective strengths, resources, and expertise to address complex challenges and create shared value for all.

Question 18

An intangible asset is something that can be seen and counted, such as buildings or money.

Accepted Answer

Intangible assets are non-physical assets that do not have a physical presence and cannot be touched, seen or felt, such as trademarks, patents, goodwill, brand recognition, etc.

Question 19

The basis for corporate citizenship does not rely on the generosity of a firm's senior management or their awareness of their role as trustees of the public's interests.

Accepted Answer

The basis for corporate citizenship is grounded in the idea that businesses have a responsibility to operate in a way that benefits society and the environment. It is not a matter of generosity or personal awareness, but a fundamental principle of ethical business practices.

Question 20

Global corporate citizenship is more than espoused values, it requires:

Accepted Answer

Global corporate citizenship involves taking action to contribute positively to society, the environment, and the overall well-being of stakeholders. Espoused values, or simply stating a commitment to social responsibility, is not enough without tangible actions to back it up.

Quiz 7: Global Corporate Citizenship

A decade into the 21st century, corporate citizenship has become complicated and mandatory.