Question 1

Procter & Gamble has served as a leader in corporate social responsibility by developing and implementing environment-protection technology and encouraging employees to participate in civic activities.

Accepted Answer

Procter & Gamble has long believed it has a responsibility for the long-term benefit of society as well as the company.Over the years,P&G has pursued programs to strengthen U.S.education,to encourage employment opportunities for minorities and women,to develop and implement environment-protection technology,and to encourage employee involvement in civic activities and the political process.

Question 2

Which of the following is NOT one of the types of social audits currently being utilized?

Accepted Answer

B)An increasing number of companies,as well as public and voluntary sector organizations,are trying to assess their social performance systematically.Three possible types of social audits are currently being used: (1)simple inventory of activities,(2)compilation of socially relevant expenditures,and (3)determination of social impact.

Question 3

Which of the following is NOT a topic included in the social responsibility audit focus?

Accepted Answer

D)A social audit is a systematic assessment of a company's activities in terms of its social impact.Some of the topics included in the audit focus on core values such as social responsibility,open communication,treatment of employees,confidentiality,and leadership but not management structure.

Question 4

Identify and discuss the arguments against corporate social responsibility.

Accepted Answer

The answer of Identify and discuss the arguments against corporate...

Question 5

According to the World Commission on Environment and Sustainability,when a company creates wealth for its shareholders,society as a whole will also benefit.

Accepted Answer

In his book Capitalism and Freedom,Friedman argued that the only social responsibility of business was to increase its profits.He asserted that as a firm creates wealth for its shareholders,society as a whole will also be benefited.

Question 6

Which term refers to a systematic assessment of a company's activities in terms of social impact?

Accepted Answer

B)A social audit is a systematic assessment of a company's activities in terms of its social impact.To overcome the negative publicity of corporate misdeeds and to restore trust,businesses are now conducting audits of their social responsibility activities,not just financial audits.

Question 7

In a narrow sense,the term "sustainability" can be defined as meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Accepted Answer

According to the World Commission on Environment and Sustainability,the narrow definition of sustainability is "meeting the needs of the present without compromising the ability of future generations to meet their own needs."

Question 8

Who usually determines a corporation's approach to social responsibility?

Accepted Answer

C)An organization's top executives usually determine a corporation's approach to social responsibility.For example,when McDonald's began,it was Ray Kroc's philosophy to be a community-based business.His philosophy from the very beginning was to give back to the communities that McDonald's served.

Question 9

According to a sustainability survey commissioned by the consulting firm KPMG,approximately ________ of large and mid-sized companies worldwide have an active sustainability program in place.

Accepted Answer

A)Approximately 62 percent of large and medium-sized companies worldwide have an active sustainability program in place,and another 11 percent are developing one,according to a sustainability survey commissioned by consulting firm KPMG.

Question 10

According to the World Commission on Environment and Sustainability,the narrow definition of sustainability is ________.

Accepted Answer

A)According to the World Commission on Environment and Sustainability,the narrow definition of sustainability is "meeting the needs of the present without compromising the ability of future generations to meet their own needs."

Question 11

Corporate social responsibility is the model in which the pursuit of profit is replaced by the pursuit of social and environmental goals.

Accepted Answer

Corporate social responsibility is the model in which economic,social,and environmental responsibilities are satisfied concurrently.

Question 12

Corporate social responsibility and corporate sustainability are unrelated terms.

Accepted Answer

Corporate sustainability has evolved from the more traditional view of corporate social responsibility.

Question 13

Many organizations today refer to the "triple bottom line" suggesting that attention is now being paid to social and environmental concerns as well as economic issues.

Accepted Answer

The "triple bottom line" refers to three factors of corporate social responsibility-society,environment,and economy.Firms that demonstrate the ability to manage all three factors represent the top five percent of socially responsible companies.

Question 14

After more than 15 years of corporate social responsibility programs,Bangladesh's garment workers are ________.

Accepted Answer

B)After more than 15 years of corporate social responsibility programs,Bangladesh's garment workers are among the worst paid in the world.

Question 15

Identify the term "sustainability" and discuss its role in business.

Accepted Answer

The answer of Identify the term "sustainability" and discuss its...

Question 16

According to the Nobel-Prize-winning economist,Milton Friedman,the only social responsibility of a business is to increase its profits.

Accepted Answer

In his book Capitalism and Freedom,Friedman argued that the only social responsibility of business was to increase its profits.He asserted that as a firm creates wealth for its shareholders,society as a whole will also be benefited.

Question 17

A study on global CSR conducted during the recent economic downturn discovered all of the following EXCEPT ________.

Accepted Answer

B)In the study on global CSR conducted during the economic breakdown,44 percent believe that CSR policies will be applied more often as a result of the crisis,28 percent think that the real meaning of CSR will change in the framework of the new conditions,and 22 percent believe that the crisis will have a negative impact on CSR.

Question 18

Before the 2010 oil spill in the Gulf of Mexico,British Petroleum promoted itself as being eco-friendly,stating that BP stood for "Beyond Petroleum."

Accepted Answer

Long before the enormous oil spill in 2010,BP promoted itself as being eco-friendly.Its literature stated that BP stood for "Beyond Petroleum." BP marketed itself as a producer of alternative energies,an image that was seriously damaged by the devastating oil spill in the Gulf of Mexico.

Question 19

An organization's middle managers usually initiate a corporation's approach to social responsibility.

Accepted Answer

Usually,top executives in a firm determine the organization's approach to CSR.Lower level managers are more active in implementing policies.

Question 20

Which of the following companies announced that it would double its green technology research expenditures and "make money doing it"?

Accepted Answer

A)When GE CEO Jeffrey Immelt announced that the company would double its spending on green technology research,it was no grand attempt to save the planet; it was an example of astute business strategy.Immelt said,"We plan to make money doing it."

Quiz 2: Business Ethics and Corporate Social Responsibility

Procter & Gamble has served as a leader in corporate social responsibility by developing and implementing environment-protection technology and encouraging employees to participate in civic activities.

Which of the following is NOT one of the types of social audits currently being utilized?

Which of the following is NOT a topic included in the social responsibility audit focus?

Identify and discuss the arguments against corporate social responsibility.

According to the World Commission on Environment and Sustainability,when a company creates wealth for its shareholders,society as a whole will also benefit.

Which term refers to a systematic assessment of a company's activities in terms of social impact?

In a narrow sense,the term "sustainability" can be defined as meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Who usually determines a corporation's approach to social responsibility?

According to a sustainability survey commissioned by the consulting firm KPMG,approximately ________ of large and mid-sized companies worldwide have an active sustainability program in place.

According to the World Commission on Environment and Sustainability,the narrow definition of sustainability is ________.

Corporate social responsibility is the model in which the pursuit of profit is replaced by the pursuit of social and environmental goals.

Corporate social responsibility and corporate sustainability are unrelated terms.

Many organizations today refer to the "triple bottom line" suggesting that attention is now being paid to social and environmental concerns as well as economic issues.

After more than 15 years of corporate social responsibility programs,Bangladesh's garment workers are ________.

Identify the term "sustainability" and discuss its role in business.

According to the Nobel-Prize-winning economist,Milton Friedman,the only social responsibility of a business is to increase its profits.

A study on global CSR conducted during the recent economic downturn discovered all of the following EXCEPT ________.

Before the 2010 oil spill in the Gulf of Mexico,British Petroleum promoted itself as being eco-friendly,stating that BP stood for "Beyond Petroleum."

An organization's middle managers usually initiate a corporation's approach to social responsibility.

Which of the following companies announced that it would double its green technology research expenditures and "make money doing it"?