Question 1

Interface Carpets, a stellar example of sustainability in action, lists seven fronts of Mount Sustainability. Which is NOT one of the firm's goals to meet its total sustainability status?

Accepted Answer

Interface Carpets has listed six fronts to meet its total sustainability status - Redesigning commerce, Sensitizing stakeholders, Using renewable energy, Ensuring benign emissions, Eliminating waste and Closing the loop. Competing through cost is not mentioned as one of the fronts.

Question 2

The __________ dimension of the triple bottom line refers to a firm's impacts on multiple stakeholders such as employees, customers, suppliers, and the broader community.

Accepted Answer

The social dimension of the triple bottom line refers to a firm's impacts on multiple stakeholders such as employees, customers, suppliers, and the broader community. This includes issues such as labor practices, human rights, community engagement, and diversity and inclusion efforts. The economic dimension refers to a firm's financial performance, while the environmental dimension refers to a firm's impacts on the natural environment. The regulatory dimension refers to compliance with laws and regulations.

Question 3

Referring to the Corporate Social Responsibility (CSR) pyramid, how do legal responsibilities differ from ethical responsibilities? Provide specific examples to support your distinction.

Accepted Answer

The answer of Referring to the Corporate Social Responsibility (CSR)...

Question 4

The term __________ is sometimes used to represent harmony among three dimensions of economic, social and environmental impacts.

Accepted Answer

The term "sustainability" is associated with the concept of achieving harmony between economic growth, social progress, and environmental protection. It involves balancing these three dimensions in a way that meets the needs of the present generation without compromising the ability of future generations to meet their own needs. Sustainability focuses on ensuring the long-term viability of economic, social, and ecological systems.

Question 5

The triple bottom line addresses all of these EXCEPT a firm's:

Accepted Answer

The triple bottom line framework assesses a firm's economic, social, and environmental impacts, but does not specifically address regulatory impact.

Question 6

Typical Codes of Conduct cover conduct described below. In the aftermath of Bhopal, the chemical industry wishing to demonstrate responsible corporate citizenship has added which additional behaviors set out below.

Accepted Answer

The chemical industry, after the Bhopal disaster, emphasized continuous improvement, communication with external stakeholders, and training of suppliers on standards to demonstrate responsible corporate citizenship.

Question 7

Discuss the pro and cons for a firm of discussing its philanthropic activities internally and externally.

Accepted Answer

The answer of Discuss the pro and cons for a...

Question 8

Which of the items listed is NOT a product of a "favorable corporate reputation."

Accepted Answer

Ignoring the Foreign Corrupt Practices Act is not a product of a "favorable corporate reputation." It is illegal and unethical behavior that can damage a company's reputation and lead to legal consequences. The other options listed are all benefits that come from having a favorable corporate reputation.

Question 9

Which of the following defines costs to society, such as environmental damage, that are produced by companies but not reflected in the company's cost structure?

Accepted Answer

The answer of Which of the following defines costs to...

Question 10

Some companies use __________ as an umbrella term to encompass all CSR efforts that make business more sustainable in the long term, including environmental efforts.

Accepted Answer

The term "sustainability" encompasses all CSR efforts that make business more sustainable in the long term, including environmental efforts. It is often used as an umbrella term to describe these efforts.

Quiz 9: Corporate Social Responsibility