Deck 3: Corporate Social Responsibility and Citizenship

Question 1

The capability of corporations to influence government,the economy,and society,based on their organizational resources is called the big business principle.

Answer 1

False

Question 2

Corporate power says that in the long run,those who do not use power in ways that society considers responsible will tend to lose it.

Answer 2

False

Question 3

The iron law of responsibility says that:

A) In the long run, those who do not use power responsibly will lose it.
B) In the short run, sacrifice social goals for economic goals.
C) Law is most important, more than social or economic responsibility.
D) In the long run, economic responsibility leads to social responsibility.

Answer 3

A

Question 4

Which of the following companies is being the most socially responsible?

A) A company trying its best to operate in a way which will help local students get education and jobs.
B) A company halting its production of toxic gases after it discovered that people objected to this practice and threatened legal action.
C) A company trying to maximize its profits and then contributing to an environmental protection fund.
D) A company changing its product design to comply with regulatory mandates.

Question 5

Global corporate citizenship activities help companies create value,reputation,and competitive advantage.

Question 6

Modern corporations should be socially responsible because they:

A) Are responsible to the stockholders of the company.
B) Create jobs, influencing the lives of employees.
C) Are highly profitable.
D) Generate dividends for the company stockholders.

Question 7

One of the most appealing arguments in favor of corporate social responsibility for business supporters is that voluntary social acts may head off increased government regulation.

Question 8

An argument against corporate social responsibility is that it imposes unequal costs among competitors.

Question 9

When a company publishes the results of a social audit they are meeting the demands of local governments' taxation policies.

Question 10

Corporate citizenship refers to a set of beliefs stating that socially responsible behavior is a good idea.

Question 11

In the first stage of corporate citizenship,the elementary stage,managers are uninterested and uninvolved with social issues.

Question 12

Global corporate citizenship refers to putting an organization's commitment to social and environmental responsibility into practice locally.

Question 13

Corporate social responsibility is the idea that businesses interact with the organization's stakeholders for social good while they pursue economic goals.

Question 14

A social audit is a systematic evaluation of an organization's social,ethical,and environmental performance.

Question 15

Being socially responsible means that a company must abandon its other missions.

Question 16

Huge businesses can disproportionately influence politics,shape tastes,and dominate public discourse.

Question 17

Which of the following statements is true about corporate social responsibility?

A) Businesses should monitor and prevent social problems in advance of their becoming major issues.
B)
B) A company should seek maximum profits from its operations in order to provide the best for society.
C) Corporations should be accountable for any actions that affect people, their communities, and the environment.
D) Both A and C, but not

Question 18

The concept of corporate social responsibility is rooted in the meaning "to pledge back," creating a commitment to give back to society and the organization's stakeholders.

Question 19

Enlightened self-interest is the idea that the wealthiest members of society should be charitable toward those less fortunate.

Question 20

Corporate power refers to:

A) The capability of competitors to influence legislation, trade, and the stock market, based on their organizational resources.
B) The capability of politicians to influence corporations, employees, and unions, based on their organizational resources.
C) The capability of corporations to influence government, the economy, and society, based on their organizational resources.
D) The capability of CEOs to influence product development, employee morale, and currency indices, based on their organizational resources.

Question 21

According to Barlow v.
A) The laws prohibited charitable contributions, at that time.

A)P. Smith Manufacturing:
B) Charitable contributions were bad corporate investments for the short term.
C) Socially responsible actions must be approved by a majority of the firm's stakeholders.
D) Socially responsible actions are an investment in the future, thus an allowable expense.

Question 22

BSR (formerly Business for Social Responsibility)helps its 300 member companies:

A) Lobby Congress for socially responsible legislation.
B) Discover tax shelters for social program expenditures.
C) Conduct social audits.
D) Develop sustainable business strategies.

Question 23

Proponents against corporate social responsibility feel that public officials,not business people,should solve societal problems because:

A) Business people do not have the skill-set to solve societal problems.
B)
B) The private sector is not mandated to solve these issues.
C) Both A and
D) None of the above.

Question 24

When undertaking social initiatives,a company:

A) Must take out social responsibility insurance.
B) Will always receive long-term profits.
C) May sacrifice short-term profits.
D) Risks going bankrupt in nearly all cases.

Question 25

When a company puts its commitment to social and environmental responsibility into practice worldwide,not only locally or regionally it is called:

A) Corporate Social Responsibility.
B) Global Sustainability.
C) Global Corporate Citizenship.
D) Community Investing.

Question 26

An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called:

A) Balanced Corporation.
B) B Lab.
C) B Corporation.
D) CSR Corporation.

Question 27

Which of the following examples does not show a company guided by enlightened self-interest?

A) A company providing the best quality product at a fair price.
B) A company providing assistance to employees who attend evening college.
C) A company breaking past records by maximizing quarterly profits.
D) A company vice-president invited to attend a local community's town planning meeting.

Question 28

Philanthropic funding and public relations are two examples of corporate social responsibility:

A) Drivers of the Corporate Social Responsiveness phase.
B) Policy instruments of the Corporate Social Stewardship phase.
C) Policy instruments of the Corporate Social Responsiveness phase.
D) Drivers of the Charity Principle phase.

Question 29

Positive reputation can be valued as an intangible corporate:

A) Asset.
B) Liability.
C) Charity.
D) Expense.

Question 30

Which of the following is not a driver of the Corporate Social Responsiveness phase of Corporate Social Responsibility?

A) Religious/ethnic beliefs.
B) Social unrest/protest.
C) Stakeholder pressures.
D) Public policy/government regulations.

Question 31

Reason(s)for adopting an enlightened self-interest approach is (are):

A) Reasonable short-run costs are incurred, but socially responsible activities are promoted.
B) The public's attitude toward the company is positive in the long run.
C) The stockholders' pressures for short-run profits are satisfied.
D) All of the above.

Question 32

Which of the following is an argument in favor of corporate social responsibility?

A) Lowers economic efficiency and profit.
B) Discourages government regulation.
C) Places responsibility on business rather than individuals.
D) Imposes unequal costs among competitors.

Question 33

Which of the following is an argument against corporate social responsibility?

A) Requires skills businesses may lack.
B) Creates an imbalance between corporate power and its economic responsibility.
C) Improves business value and reputation.
D) A majority of stockholders are against it.

Question 34

The costs of corporate social responsibility may ultimately be passed on to the:

A) Supplier through discounts.
B) Consumer through high prices.
C) Investor through stock splits.
D) Taxpayers by the government.

Question 35

This inter-American organization (North and South America)was created to unite organizations focusing on corporate social responsibility from Canada to Chile.

A) Business for Social Responsibility.
B) Canadian Business for Social Responsibility.
C) Forum Empresa.
D) Foundacion Empresay Sociedad.

Question 36

Business leaders,like automaker Henry Ford developed these programs to support the recreational and health needs of their employees.

A) Corporate social responsibility programs.
B) Corporate citizenship programs.
C) Social networking programs.
D) Paternalistic programs.

Question 37

Good corporate citizens:

A) Strive to conduct all business dealings in an ethical manner.
B) Make a concerted effort to balance the needs of all stakeholders.
C) Work to protect the environment.
D) All of the above.

Question 38

Companies demonstrate global corporate citizenship by:
A)

A) Building reactive stakeholder partnerships.
B) Finding business opportunities that serve society.
C) Integrating concern for both financial and social performance.
D) Both B and C, but not

Question 39

Some companies have created a department of corporate citizenship to:

A) Adopt the United Nations' Global Compact Principles.
B) Decentralize under common leadership wide-ranging corporate citizenship functions.
C) Centralize under common leadership wide-ranging corporate citizenship functions.
D) Narrow the job of the public relations office.

Question 40

Stakeholder partnerships,high-tech communication networks,and sustainability audits are examples of:

A) Corporate social stewardship.
B) Corporate social responsiveness.
C) Corporate/Business Ethics.
D) Corporate/Global Citizenship.

Question 41

Define and provide an example of a business practicing enlightened self-interest.

Question 42

The issue of reactive management policies occurs in which stage of global corporate citizenship?

A) Transforming.
B) Engaged.
C) Integrated.
D) Innovative.

Question 43

Explain why a business should seek to balance its economic,legal and social obligations.

Question 44

Which of these is not an objective of the Global Reporting Initiative (GRI)?

A) Combining long-term profitability with ethical goals, social justice, and environmental care.
B) Measuring social performance across companies.
C) Providing tax incentives for global corporate citizens.
D) Reflecting the interests of business, labor, civil society, and financial markets.

Question 45

What is a social audit? Describe one of the three ways audit standards can be created.

Question 46

Global corporate citizenship is more than espoused values; it requires action.Discuss some of the ways forward-thinking companies are changing to improve their ability to act as responsible citizens.

Question 47

Global social audit standards concentrate on:

A) Internally focused economic benefits for the firm.
B) Externally focused social benefits for the environment.
C) Externally focused social benefits for key stakeholders.
D) All of the above.

Question 48

The most significant motivator of corporate social reporting is:

A) Government reporting requirements.
B) Ethical concerns.
C) Financial concerns.
D) Employee demand.

Question 49

Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of an organization in the:

A) Innovative stage.
B) Integrated stage.
C) Transforming stage.
D) Engaged stage.

Question 50

Describe the iron law of responsibility.

Question 51

Provide three arguments in favor of corporate social responsibility.

Question 52

Provide three arguments against corporate social responsibility.