Deck 13: Corporate Social Responsibility

Question 1

...allows the best organizations to flourish because competition favors those who produce the best products at the best prices as consumers also seek their own self interest in buying those products

A)Laissez-faire
B)The invisible hand
C)Economic responsibility
D)Strategic CSR
E)All of the Above

Answer 1

B

Question 2

In the United States, the first legal precedent for the dominance of the stockholder as the prime stakeholder was the influential 1919 case of

A)Dogde
B)Benz
C)Dodge v.Ford
D)Benz v.Ford
E)Dodge v.Benz

Answer 2

C

Question 3

At least in the United States, the switch from stockholder dominance to corporate philanthropy began with

A)Smith v.Barlow
B)Milton Friedman
C)Smith V.Friedman
D)Barlo V.Friedman
E)None of the Above

Answer 3

A

Question 4

Which of the following are essential responsibilities of a business

A)Economic, cultural, ethical, and philanthropic
B)Financial, Cultural, ethical, and philanthropic
C)Financial, legal, cultural, and philanthropic
D)Financial, legal, ethical, and philanthropic
E)Economic, legal, ethical, and philanthropic

Question 5

The license to operate refers to which of Carroll's four responsibilities of business?

A)Economic
B)Ethical
C)Legal
D)Philanthropic
E)All of the above

Question 6

Contributions to the art and education reflecting the company's responsibility to be good corporate citizens refers to which form of responsibilities of a business?

A)Economic
B)Ethical
C)Legal
D)Social
E)None of the Above

Question 7

Businesses must conform to laws and regulations as part of the social contract between business and society that allows them to operate. This is now often called a

A)Integration
B)Certification
C)Assurace
D)License to operate
E)All of the Above

Question 8

Triple bottom line (TBL)

A)A currently popular way of looking at the mix of the components of CSR
B)consisting of social, economic and environmental sustainability
C)It is also known as "people, planet, and profit."
D)TBL was popularized by John Elkington
E)All of the Above

Question 9

rests on the assumption that "doing good" can be good for a business as well as for society

A)Corporate citizenship
B)Economic responsibility
C)Strategic CSR
D)Global Reporting Initiative (GRI)
E)None of the Above

Question 10

is the auditing function to validate that what a company reports in its CSR report is true and accurate.

A)Social performance reports
B)Assurance
C)Strategic CSR
D)Global Reporting Initiative (GRI)
E)None of the Above

Question 11

Provides principles and indicators that companies can use to identify and measure economic, environmental, and social performance

A)Social performance reports
B)Economic responsibility
C)Strategic CSR
D)Global Reporting Initiative (GRI)
E)None of the Above

Question 12

Which of the following refers to the equivalent view of corporate citizenship?

A)Focus on legal, ethical and discretionary responsibilities of business
B)Focus on the role of the corporation as an entity that is independent of the owners and managers
C)The corporation has rights similar to other citizens
D)The corporation has political rights to participate in the political process and influence its environment
E)None of the Above

Question 13

Which of the following is FALSE regarding the extended view of corporate citizenship?

A)Focus on the role of the corporation as an entity that is independent of the owners and managers
B)The corporation has political rights to participate in the political process and influence its environment
C)Focus on legal, ethical and discretionary responsibilities of business
D)The corporation has rights similar to other citizens
E)All of the above are true

Question 14

The view that a company should be a good corporate citizen that gives back to the community as a voluntary action refers to which view of corporate citizenship?

A)Philanthropic
B)Extended
C)Limited
D)Equivalent
E)None of the Above

Question 15

The role of a business to produce goods or services that people need and to make an acceptable profit in the process is known as

A)Social performance reports
B)Economic responsibility
C)Strategic CSR
D)Global Reporting Initiative (GRI)
E)None of the Above

Question 16

The UN's Global Compact is based on the following ten principles in the areas of

A)Human rights, the environment, and anti-corruption
B)Human rights, labor, and anti-corruption
C)Human rights, labor, and the environment
D)Human rights, labor, and corruption
E)Human rights, labor, the environment and anti-corruption

Question 17

...Describes the company's implementation of the United Nations Global Compact's ten universal principles Compact.

A)AccountAbility's AA1000 series
B)ISO 13998
C)Economic responsibility
D)GoodCorporation's Standard
E)Communication on Progress

Question 18

are principles-based standards to help organizations become more accountable, responsible and sustainable

A)AccountAbility's AA1000 series
B)ISO 13999
C)Economic responsibility
D)GoodCorporation's Standard
E)Communication on Progress

Question 19

gives generic requirements for an environmental management system.

A)AccountAbility's AA1000 series
B)ISO 14000
C)Economic responsibility
D)GoodCorporation's Standard
E)Communication on Progress

Question 20

allows a company to standout in the marketplace based on CSR strategies and commitments

A)Attracting and retaining employees
B)Enhancing reputation
C)Attracting favorable financing
D)A license to operate
E)Differentiation

Question 21

As a benefit of CSR reporting, …...... gives a company a moral position to operate with the public and specific stakeholders

A)Attracting and retaining employees
B)Enhancing reputation
C)Attracting favorable financing
D)A license to operate
E)Differentiation

Question 22

As financial markets demand more information on environmental and social performance, those who report CSR activities have an advantage. KPMG refers to this …

A)Attracting and retaining employees
B)Enhancing reputation
C)Attracting favorable financing
D)A license to operate
E)Differentiation

Question 23

In times of high employee expectations, social performance makes a company more competitive for the best talent. KPMG refers to this as…

A)Attracting and retaining employees
B)Enhancing reputation
C)Attracting favorable financing
D)A license to operate
E)Differentiation

Question 24

Truthful environmental and social reporting information of tough issues often leads to

A)Attracting and retaining employees
B)Enhancing reputation
C)Attracting favorable financing
D)A license to operate
E)Differentiation

Question 25

KPGM argues that CSR reporting can encourage...through a better understanding of stakeholder needs and possible risks

A)Attracting and retaining employees
B)Innovation
C)Attracting favorable financing
D)A license to operate
E)Differentiation

Question 26

Dsicuss the first legal precedence for the dominance of the stockholder as the prime stakeholder (Dodge vs. Ford). How was this view overturned by the Smith vs. Barlow case.

Question 27

Discuss each of the four responsibilities of Carroll's CSR pyramid. Provide examples of each responsibility.

Question 28

What is the triple bottom line? How does it compare with Carroll's CSR pyramid?

Question 29

What is strategic CSR? What are some of the key principles of strategic CSR?

Question 30

What are social performance reports? What are some reasons why companies are now reporting their CSR performance?