Question 1

Common arguments against corporate social responsibility argue that:

Accepted Answer

The argument that CSR detracts from the fundamental economic role of businesses is a common argument against CSR. This argument suggests that businesses should focus solely on maximizing profits and creating value for shareholders, rather than diverting resources to social or environmental causes. Proponents of this argument argue that businesses are not equipped or designed to solve societal problems, and that CSR initiatives can distract businesses from their core mission, potentially resulting in decreased financial performance.

Question 2

Two companies well known for their strong CSR orientations are:

Accepted Answer

Ben & Jerry's and S.C. Johnson are both well-known for their strong CSR (Corporate Social Responsibility) orientations. Ben & Jerry's is committed to using responsibly sourced ingredients, reducing their carbon footprint, and supporting social justice and equality issues. S.C. Johnson has been recognized for their sustainability efforts in areas such as renewable energy, waste reduction, and community engagement. While Proctor & Gamble and Craigslist both have some CSR initiatives, they are not known for being as strongly oriented towards CSR as Ben & Jerry's and S.C. Johnson.

Question 3

CSR is a concept whereby organizations consider the interest of ________ by taking responsibility for the impact of their activities on customers,suppliers,employees,communities,and the environment in all aspects of their operations.

Accepted Answer

The answer of CSR is a concept whereby organizations consider...

Question 4

What are the criticisms of the POLC framework?

Accepted Answer

The answer of What are the criticisms of the POLC...

Question 5

An organization makes a profit when its ___________ are more than its costs in a given period of time.

Accepted Answer

The answer of An organization makes a profit when its...

Question 6

Organizational citizenship behaviors can be understood as:

Accepted Answer

Organizational citizenship behaviors refer to individual behaviors that are beneficial to the organization but not necessarily recognized by the formal reward system. These behaviors are considered voluntary and go beyond the job description of the individual, such as helping coworkers or offering suggestions for improving processes. As they are not typically rewarded, they rely on the intrinsic motivation of the individual to engage in them.

Question 7

Why would HUI Manufacturing,a custom sheet metal fabricator,have done away with traditional departments in their organization?

Accepted Answer

The answer of Why would HUI Manufacturing,a custom sheet metal...

Question 8

________________ refers to social and environmental profit.

Accepted Answer

The answer of ________________ refers to social and environmental profit....

Question 9

Economic profit is the difference between revenue and the opportunity cost of all resources used to produce the items sold.

Accepted Answer

Economic profit takes into consideration not just the revenue earned, but also the opportunity cost of all resources used in the production process. This means that economic profit is a more comprehensive measure of profitability compared to just looking at revenue alone.

Question 10

Triple bottom line refers to the measurement of economic,social,and organizational performance.False: Triple bottom line refers to the measurement of economic,social,and environmental performance.Easy;Knowledge

Accepted Answer

Triple bottom line refers to the measurement of economic,social ,and environmental performance.

Question 11

Describe the three steps to the managerial process of controlling.

Accepted Answer

The answer of Describe the three steps to the managerial...

Question 12

____________ are individuals and organizations who are actively involvedwith the organization,and whose interests may be positively or negatively affected as a result of what the organization does.

Accepted Answer

The answer of ____________ are individuals and organizations who are...

Question 13

Triple bottom line refers to the measurement of business performance along __________,_____________ and ____________ dimensions.

Accepted Answer

The answer of Triple bottom line refers to the measurement...

Question 14

________________ is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities in all aspects of their operations.

Accepted Answer

The answer of ________________ is a concept whereby organizations consider...

Question 15

What are two traditional managerial control techniques?

Accepted Answer

The answer of What are two traditional managerial control techniques?...

Question 16

Organizational citizenship behaviors are individual behaviors that are beneficial to the organization and are recognized by the formal reward system of the organization.

Accepted Answer

Organizational citizenship behaviors are individual behaviors that are beneficial to the organization and are not directly or explicitly recognized by the formal reward system.

Question 17

Triple bottom line refers to the measurement of business performance along:

Accepted Answer

Triple bottom line refers to the measurement of business performance along social, economic and environmental dimensions. This approach is also known as People, Planet, Profit, which aims to ensure that businesses consider their impact beyond financial success and take responsibility for their social and environmental impact.

Question 18

The difference between an organization's revenues and its costs in a given period of time is referred to aan ___________ profit.

Accepted Answer

The answer of The difference between an organization's revenues and...

Question 19

Describe the differences in the traditional process of job design,and the processes organizations are considering today.

Accepted Answer

The answer of Describe the differences in the traditional process...

Question 20

Teamwork is a common theme of organizational citizenship behavior.

Accepted Answer

Hard ;Comprehension

Quiz 1: Introduction to Principles of Management