Question 1

Baskins wants to build a nuclear plant because this will not add to his city's already serious pollution problem, while taking care of its electricity requirements. Baskins is following which of the social responsibility views?

Accepted Answer

Baskins is considering both the environmental impact (reducing pollution) and the social need (electricity requirements) of his city, which aligns with the socioeconomic view of social responsibility. This view emphasizes businesses taking actions that benefit society as well as their own interests.

Question 2

According to the socioeconomic view, managers' social responsibilities go beyond making profits to include protecting and improving society's welfare.

Accepted Answer

The socioeconomic view holds that managers have a responsibility to protect and improve society's welfare, in addition to making profits.

Question 3

The process of applying social and environmental criteria to an investment decision is known as ________.

Accepted Answer

The process of applying social and environmental criteria to an investment decision is known as social screening. This involves considering factors such as a company's impact on the environment, labor practices, and community involvement in addition to financial performance.

Question 4

Under what approach do organizations exhibit little environmental sensitivity, and simply obey laws, rules and regulations?

Accepted Answer

The legal approach is focused on compliance with laws, rules and regulations, but does not necessarily prioritize environmental sensitivity or sustainability. Organizations under this approach may not go above and beyond what is required by law to minimize their impact on the environment.

Question 5

Carson wants to build an electricity generating plant that uses combustible fuels collected from the city's garbage, and located near the downtown government area so that the steam could be used for heating the government buildings after it has passed through the generating turbines. Carson is being mostly ________.

Accepted Answer

Carson's plan shows that he is aware of the social responsibility of the electricity generating plant. By locating the plant close to the government buildings and using the steam for heating, Carson is demonstrating social responsiveness and considering the overall benefit to the community.

Question 6

In which of the following approaches of going green does the organization exhibit the least environmental sensitivity?

Accepted Answer

The legal (light green) approach involves doing only the minimum required by law to comply with environmental regulations. This approach shows the least sensitivity to the environment as organizations are only interested in avoiding legal penalties rather than making voluntary efforts to reduce their environmental impact.

Question 7

Managers who consider the impact of their organization on the natural environment are said to be practicing ________.

Accepted Answer

Green management specifically refers to the practice of considering the impact of an organization on the natural environment, making it the most appropriate choice in this scenario. While value-based, ethics-based, and socially responsible management may all have elements that relate to environmental impact, they are broader concepts that may also encompass other areas of responsibility, such as social and economic impacts.

Question 8

Which one of the following arguments on social responsibility states that there is no direct line of responsibility for social actions?

Accepted Answer

The argument that there is no direct line of responsibility for social actions falls under the category of lack of accountability. This argument suggests that it is difficult to assign responsibility for social issues to a particular individual or organization, as there are often multiple factors at play and a complex web of stakeholders involved. This can make it challenging to take meaningful action on social responsibility issues.

Question 9

Appleton would like to build a coal-burning electric generating facility located in a remote area because the cost involved is moderate. Appleton is following which of the social responsibility views?

Accepted Answer

The classical view of social responsibility holds that a company's only responsibility is to maximize profits while staying within the law. In this case, Appleton is prioritizing cost over potential environmental or social impacts, which aligns with the classical view.

Question 10

The most outspoken advocate of the classical view of organizational social responsibility is Alan Greenspan.

Accepted Answer

The most outspoken advocate of the classical view of organizational social responsibility is Milton Friedman, not Alan Greenspan.

Question 11

One argument against businesses championing social responsibility issues is that businesses already have too much power.

Accepted Answer

The argument is that businesses already have a significant amount of power and influence over society, which should be checked rather than amplified through social responsibility initiatives.

Question 12

List and discuss three arguments in favor of business social responsibility and five arguments against it.

Accepted Answer

The answer of List and discuss three arguments in favor...

Question 13

Which one of the following arguments on social responsibility states that a business is socially responsible only when it pursues its economic interests?

Accepted Answer

The argument that a business is socially responsible only when it pursues its economic interests is based on the belief that the primary purpose of a business is to maximize profits for its stakeholders. This argument places little or no value on corporate social responsibility beyond what is necessary to maintain profitability.

Question 14

When a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities, it is said to be socially responsive.

Accepted Answer

Social responsiveness refers to a firm's capacity to respond to social pressures, not just its obligation to meet economic and legal responsibilities. Meeting economic and legal responsibilities is considered the firm's social obligation, not responsiveness.

Question 15

Studies have confirmed that businesses that engage in social involvement enjoy higher profits than those which do not.

Accepted Answer

The answer of Studies have confirmed that businesses that engage...

Question 16

According to the classical view of social responsibility, management's only social responsibility is to maximize profits.

Accepted Answer

The classical view of social responsibility holds that a business's sole responsibility is to generate profits for its shareholders. This perspective suggests that social and environmental concerns are not relevant to the primary goal of maximizing profits.

Question 17

In the ________ approach of going green, organizations respond to the environmental preferences of customers.

Accepted Answer

The market approach of going green refers to organizations responding to the environmental preferences of their customers. This is driven by the belief that being environmentally responsible can create a competitive advantage and increase customer loyalty. The legal approach focuses on following environmental regulations and laws, the stakeholder approach considers the impact on all stakeholders and the activist approach involves taking a proactive stance on environmental issues.

Question 18

Which one of the following arguments on social responsibility states that pursuing social goals hurts a business's economic productivity?

Accepted Answer

The argument that pursuing social goals hurts a business's economic productivity is known as the "dilution of purpose" argument, which suggests that a business's main purpose is to maximize profits for its shareholders and any involvement in social responsibility beyond that scope will distract from that goal and harm the company financially.

Question 19

Compare and contrast the ideas of social obligation, social responsiveness, and social responsibility.

Accepted Answer

The answer of Compare and contrast the ideas of social...

Question 20

Possession of resources is an argument in favor of social responsibility.

Accepted Answer

Possession of resources, whether it be financial, material, or intellectual, comes with a level of responsibility towards the greater society. Those who have more resources have a greater ability to make positive change and therefore have a greater responsibility to use these resources in a way that benefits society as a whole.

Quiz 6: Managing Social Responsibility and Ethics