Question 1

The four-part definition of corporate social responsibility does not encompass which one of the following types of responsibility?

Accepted Answer

The four-part definition of corporate social responsibility includes economic, legal, ethical, and philanthropic responsibilities. Personal responsibility is not a type of corporate responsibility, and voluntary responsibility can be considered a type of philanthropic responsibility. Therefore, option B is not encompassed in the four-part definition of corporate social responsibility.

Question 2

Regarding Fortune's rankings of the "most" and "least" admired corporations,

Accepted Answer

While it is possible that some of the most admired corporations are also profitable, it is not a clear correlation. Similarly, while some of the least admired corporations may be in the defense industry, this is not always the case. Finally, the impact of the rankings on these businesses is unclear, as it can vary depending on the specific company and industry.

Question 3

The collaborative/problem-solving corporate social response mode is most closely aligned with the

Accepted Answer

The collaborative/problem-solving corporate social response mode is most closely aligned with the interactive mode, as both involve active engagement and cooperation with stakeholders to address issues and find solutions.

Question 4

The socially responsible firm should strive to do all of the following except

Accepted Answer

The socially responsible firm should not raise taxes but instead pay their taxes in a legal and ethical manner. The other options, making a profit, obeying the law, and being ethical are all essential components of corporate social responsibility.

Question 5

The arguments "Let business try" and "Business has the resources" are a part of

Accepted Answer

The arguments "Let business try" and "Business has the resources" are used to support the idea that businesses should assume social responsibility. These arguments suggest that businesses have the capability to address social issues and should take on this responsibility.

Question 6

Wood's corporate social performance model categorizes social impacts, programs and policies as

Accepted Answer

Wood's corporate social performance model categorizes social impacts, programs, and policies as outcomes of corporate behavior, focusing on the results of a company's actions in terms of social responsibility.

Question 7

Reaction, defense, accommodation, and proaction are examples of

Accepted Answer

These are the four categories of social responsiveness, which are frameworks companies can use to address societal expectations and concerns. Social issues (A) and social responsibility (B,D) are related concepts, but not directly relevant to the four categories listed.

Question 8

Which of the following was not one of the Council on Economic Priorities' explanations for the upsurge in social investing?

Accepted Answer

The Council on Economic Priorities did not mention the public now seeing social investing as the most profitable investments available as a reason for the upsurge in social investing.

Question 9

Factors in the societal environment lead directly to

Accepted Answer

Factors in the societal environment such as increasing awareness of social and environmental issues, changing cultural values, and the growing role of social media have led to greater scrutiny and criticism of businesses. As a result, companies are facing increasing pressure to act responsibly and address these societal concerns in their operations.

Question 10

Which of the following is an example of proactive behavior?

Accepted Answer

Proactive behavior involves taking initiative and anticipating potential problems or needs. Opening a day-care center for employees' children shows the company is taking proactive steps to support its employees and their families. The other choices involve reacting to external factors rather than anticipating and taking action before problems arise.

Question 11

Which of the following social responsiveness postures is inconsistent with the other three?

Accepted Answer

Reactive is inconsistent with the other three as it implies a passive or defensive approach, while promotive, cooperative, and interactive suggest proactive engagement.

Question 12

Which of the following is not included in Carroll's four-part definition?

Accepted Answer

Carroll's four-part definition includes economic, legal, ethical, and philanthropic responsibilities. Managerial responsibilities are not included in this definition.

Question 13

Sethi's three-stage schema for classifying corporate behavior includes each of the following except one. Which does not belong?

Accepted Answer

Sethi's three-stage schema for classifying corporate behavior includes social obligation, social responsibility, and social responsiveness. Social interaction is not a part of this schema.

Question 14

Which type of responsibility embraces those activities and practices that are expected or prohibited by societal members even though they are not codified into law?

Accepted Answer

Ethical responsibilities refer to the obligations and expectations that companies have towards society and the environment beyond legal requirements. These responsibilities are driven by societal expectations and values, and they are not always codified into law. Therefore, ethical responsibilities encompass those activities and practices that are expected or prohibited by societal members even though they are not legally binding.

Question 15

Regarding the socially conscious investing movement,

Accepted Answer

Socially conscious investing involves using not only financial criteria but also social or ethical criteria in making investment decisions. Specialized investment firms use these criteria to choose companies in which to invest. Option A is partially correct, as ethical investment may involve a set of criteria set by organizations like the Council on Economic Priorities, but it is not limited to this. Option C is incorrect as socially conscious investing is actually growing in popularity. Option D is unsupported as there is no clear evidence to suggest that ethical firms are more profitable than unethical ones.

Question 16

According to the matrix presented in Chapter 2, the stakeholder view is that the legal component of the CSR definition most affects

Accepted Answer

The answer of According to the matrix presented in Chapter...

Question 17

Being a good corporate citizen, making corporate contributions, and providing programs supporting community and education is an example of which component of social responsibility?

Accepted Answer

Making corporate contributions and providing programs that support community and education are examples of philanthropic responsibilities. Philanthropic responsibilities are voluntary actions that organizations take to improve the quality of life in their communities. These actions go above and beyond legal and ethical responsibilities and highlight an organization's commitment to being proactive in promoting social and environmental goals.

Question 18

In Wartick and Cochran's extension of the social performance model, they see this component of the model as directed toward issues management and minimizing "surprises."

Accepted Answer

The answer of In Wartick and Cochran's extension of the...

Question 19

An argument why business should take on a social responsibility is that

Accepted Answer

Taking on social responsibility can help businesses avoid future government intervention and regulation. By voluntarily adopting social responsibility practices, businesses can demonstrate to the public and government officials that they are committed to ethical and sustainable practices, which can help build trust and goodwill. This can also help businesses avoid potential legal and financial penalties that may result from non-compliance with regulations or unethical business practices.

Question 20

Which of the following does not belong with regards to issues management?

Accepted Answer

Issues responsibility does not belong in the process of issues management, as it is not a necessary step for managing issues. The other options (issues identification, issues analysis, and response development) are all crucial steps in managing issues effectively.

Quiz 2: Corporate Citizenship: Social Responsibility, Responsiveness, and Performance