Deck 16: The Socialization of Capitalism

Question 1

The final stage in the four-stage CSR continuum is:

A)the comprehensive sustainability strategy
B)the compliance-based strategy
C)the amoral sustainability strategy
D)the emerging sustainability strategy
E)the moral sustainability strategy

Answer 1

A

Question 2

In which of the following cells in the sustainability matrix is the organization making a substantial social impact but may have inadequate funding to sustain this level of activity?

A)Cell 1
B)Cell 2
C)Cell 3
D)Cells 3 and 4
E)Cells 1 and 2

Answer 2

A

Question 3

Strategic management is a process through which the corporation establishes which of the following?

A)Objectives
B)Environmental capabilities
C)Resource capabilities
D)Mission
E)All of the above

Answer 3

E

Question 4

It is believed that the initiatives of business to expose students to the concepts and expressions of the socialization of capitalism will:

A)change the ways students think about the relationships between business and society
B)result in higher levels of funding for post-secondary institutions
C)be ineffective in meaningfully alter student's behaviour
D)rapidly change social demands on the non-profit sector business environment
E)generate a higher level of media scrutiny in academia

Question 5

In which of the following sustainability strategies is stakeholder focus on the owners?

A)The compliance-based strategy
B)The emerging sustainability strategy
C)The comprehensive sustainability strategy
D)The amoral sustainability strategy
E)The moral sustainability strategy

Question 6

Porter and Kramer argue that the CSR model should become a corporate social integration approach.This model would be accomplished by all of the following,except:

A)Creating a framework of compliance and governance guidelines
B)Choosing which social issues to address
C)Creating a social agenda
D)Integrating inside-out and outside-in linkages
E)Identify the points of interaction between business and society

Question 7

The social sector,because of limited access to resources,has resorted to using business practices to enable them to fulfill their missions.

Question 8

The ___________is operated by government departments,agencies,and organizations usually not to operate businesses or make profits.

A)social sector
B)private sector
C)financial sector
D)investment sector
E)public sector

Question 9

Advocates of social_______ believe that society's most difficult and important problems cannot be understood and solved without involving the private,social and public sectors of the economy.

A)licence
B)enterprise
C)development
D)innovation
E)regulation

Question 10

The first stage in the four-stage CSR continuum is:

A)the comprehensive sustainability strategy
B)the amoral sustainability strategy
C)the integrated sustainability strategy
D)the compliance-based strategy
E)the emerging sustainability strategy

Question 11

Which of the following organizations aims to make profits but also has a strong commitment to addressing social and environmental problems?

A)A for-benefit corporation
B)A for-profit enterprise
C)A franchise
D)A non-profit organization
E)Government

Question 12

The public sector is operated by government departments,agencies and organizations usually not to operate businesses or make profits.

Question 13

Which of the following are considered forms of social impact investing?

A)Various types of bonds
B)B-corporations
C)Socially-focused mutual funds
D)Microfinance
E)All of the above

Question 14

The _________is the process through which the business system conforms to the expectations of society resulting in desired socially responsible outcomes.

A)socialization of capitalism
B)responsibility of stakeholders
C)divestment of wealth
D)impact investment strategy
E)integration of ethics

Question 15

Swapping,exchanging,bartering,and collective purchasing are examples of:

A)A social licence
B)The shared economy
C)Social impact investing
D)Social innovation
E)Social finance

Question 16

is based on ethics,values,expectations,and self-regulation and is considered preferable to social or government control,which is based on regulation,legislation,litigation,and compliance.

A)Social policy
B)Social impact investment
C)Socially responsible investing
D)Social enterprise
E)Social licence

Question 17

In which of the following cells of the sustainability matrix is the situation one where there is sufficient funding for the social impact being made,and the enterprise could reassess its social impact,or reallocate funding?

A)Cell 1
B)Cell 2
C)Cell 3
D)Cell 4
E)Cells 1 and 2

Question 18

The social sector includes charities and non-profit organizations and is also referred to as the non-profit or voluntary sector.

Question 19

is a "vehicle through which the Desautels Faculty of Management integrates social entrepreneurship and social innovation more formally into its teaching,research and outreach activities."

A)The Social Economy Initiative (SEI)
B)Association to Advance Collegiate Schools of Business (AACSB)
C)Social Impact Investing
D)The European Foundation for Management Development (EFMD)
E)United Nations Global Compact

Question 20

Social,ethical,and environmental responsibilities are increasingly being integrated into the:

A)regulatory process
B)sustainability process
C)strategic management process
D)governance process
E)recruiting process

Question 21

Social licence involves society's trust that the activities of business are legitimate and consistent with social expectations and the values of stakeholders.

Question 22

Philanthrocapitalism draws upon modern business practices,that is,the philosophy of capitalist style objectives and criteria with an entrepreneurial spirit to get more from non-profit or social organizations.

Question 23

With an amoral sustainability strategy,the corporation ignores sustainability but cannot be viewed as deliberately doing so.

Question 24

Social licence is a term that is increasingly appearing in media stories.

Question 25

In a compliance-based strategy,there is little to no consideration given to issues of sustainability.

Question 26

Social innovations occur at the edges of the private,social and public sectors of the economy and are not considered a part of the fourth sector.

Question 27

The public sector is run by individuals and corporations whose intention is to make profits.

Question 28

A B-Corp is different from a for-benefit corporation in that a certification process is required in order to be eligible to receive this designation.

Question 29

Microfinancing is considered a newer form of social impact investing.

Question 30

The best situation in a sustainability matrix is illustrated in Cell 4 where there is substantial funding available for the social impact being made.

Question 31

Strategic management is the process through which a corporation establishes a comprehensive,overall strategy.

Question 32

Socially responsible investing (SRI)is another term used interchangeably with social impact investing.

Question 33

In Canada,the certification process to gain B-Corp status is performed by the non-profit MaRS Centre for Impact Investing.

Question 34

Social issues can be prioritized into three types: generic,value chain,and sustainability agenda.

Question 35

Strategic management has traditionally been focused on the economic responsibilities of the firm.

Question 36

Cell 1 of the sustainability matrix indicates that the organization is making a substantial social impact but may have inadequate funding to sustain this level of activity.

Question 37

A cooperative is one type of social enterprise.

Question 38

A for-benefit corporation aims to make profits however it does not have a strong commitment to addressing social and environmental problems.

Question 39

Social enterprises and non-profit organizations must consider their sustainability in terms of how well they accomplish their social aims or objectives and how they are able to
maintain themselves financially.

Question 40

A status quo situation in a sustainability matrix is represented in Cell 4.

Question 41

Describe each of the four cells of the sustainability matrix.

Question 42

Briefly describe each of the traditional sectors in the economy.

Question 43

Differentiate between three types of social issues: generic,value chain,and social dimensions of competitive context.

Question 44

Business programs in colleges and universities have not yet responded to the increasing awareness of the ethics and responsibilities of business.

Question 45

Compare and contrast a for-benefit corporation with a B-Corp.

Question 46

Porter and Kramer categorize a corporation's involvement in society into two approaches,responsive and strategic.

Question 47

Many business schools are going a step further and establishing sustainability centres to help create a more sustainable business model that integrates economic and social purposes.

Question 48

Why do some business people question the need for a social licence?

Question 49

What are the four stages in the sustainability strategy continuum?

Question 50

Some CSR advocates argue,"CSR should not be thought of as cost,a constraint,or charitable deed,but instead thought of as an opportunity,innovation,and competitive advantage."

Question 51

Service-learning is a form of student volunteering.

Question 52

Describe a public-private partnership (PPP)

Question 53

Porter and Kramer argue that the CSR model should become a corporate social integration model approach,but that social perspective need not be integrated with business strategy.

Question 54

The interdependence between business and society takes two forms: inside-out linkages and outside-in linkages.Explain.