Question 1

Which of the following is associated with the classical view of social responsibility?
A)concern for social welfare
B)financial return for stockholders
C)voluntary activities
D)responsibility toward all stakeholders

Accepted Answer

The classical view of social responsibility is focused on the financial return for stockholders, prioritizing maximizing profits and minimizing expenses. This view does not prioritize concern for social welfare or responsibility toward all stakeholders. Voluntary activities may be undertaken within this view, but only if they contribute to financial gain.

Question 2

A firm that engages in social actions to meet its basic legal and economic responsibilities is taking a social ________ approach.
A)responsiveness
B)need
C)responsibility
D)obligation

Accepted Answer

A firm that meets its basic legal and economic responsibilities is taking a social obligation approach, focusing on compliance rather than proactive social initiatives.

Question 3

Which of the following statements about social responsiveness is TRUE?
A)It adds an ethical imperative beyond social responsibility.
B)It is more pragmatic than social responsibility.
C)Its major emphasis is a sense of obligation to society.
D)Its major focus is on "ends" rather than "means."

Accepted Answer

Social responsiveness is more pragmatic than social responsibility as it focuses on responding to social issues and needs in a practical manner.

Question 4

A Canadian business that provides onsite childcare facilities for employees is ________.
A)being socially responsive
B)fulfilling its social obligations
C)adopting social screening
D)adopting the classical view of social responsibility

Accepted Answer

Providing onsite childcare facilities for employees is an example of being socially responsive. This means that the business is taking actions that go beyond legal compliance (which is the minimum requirement) to address social issues and meet the needs and expectations of stakeholders such as employees. The other options are not applicable in this case: fulfilling social obligations would imply a legal or ethical duty, which is not the case; social screening refers to the evaluation of the social impact of business activities and investments, not a specific action; adopting the classical view of social responsibility implies that the only social responsibility of business is to maximize profits, which is not consistent with the provision of childcare facilities.

Question 5

________ is defined as a business firm's intention,beyond its legal and economic obligations,to do the right things and act in ways that are good for society.
A)Social obligation
B)Social responsibility
C)Values-based management
D)Social responsiveness

Accepted Answer

Social responsibility refers to a business firm's voluntary actions to improve society beyond its legal and economic obligations. It involves considering the impact of a company's decisions and actions on society and taking steps to address any negative impact and promote positive impact.

Question 6

A leading proponent of the classical view argues that any time managers decide to spend their organization's resources for "social good" they are ________.
A)complying with government regulations
B)helping to make society a better place for everyone to live
C)adding to the costs of doing business
D)promoting a positive corporate image

Accepted Answer

According to the classical view, the primary responsibility of managers is to maximize profits for shareholders. Therefore, any decision to spend resources on social causes would be seen as adding to the costs of doing business, rather than as a desirable action for promoting social good.

Question 7

According to the model of the evolution of an organization's social responsibility,stage 4 is noted by an added accountability to the ________.
A)stockholders
B)employees
C)customers and suppliers
D)society as a whole

Accepted Answer

Stage 4 of the model of the evolution of an organization's social responsibility is characterized by an added accountability to society as a whole. This means that the organization recognizes the impact of its operations on the larger community and takes steps to address the social and environmental issues that arise from its business activities. This includes being transparent about its operations, engaging in sustainable practices, and giving back to the community in various ways. While stockholders, employees, customers, and suppliers are all important stakeholders for an organization, the focus at stage 4 shifts towards the broader impact of the organization on society.

Question 8

The socioeconomic view is that management's social responsibility goes beyond making profits to include ________.
A)maximizing efficiency
B)protecting and improving society's welfare
C)protecting and improving the welfare of employees
D)maximizing employment opportunities

Accepted Answer

The socioeconomic view emphasizes that management's social responsibility extends beyond simply making profits to include protecting and improving society's welfare. This involves taking into account the impact of business decisions on society as a whole, including issues such as environmental sustainability, social justice, and corporate philanthropy. Maximizing efficiency and employment opportunities are important goals for businesses, but they are not the sole focus of management's social responsibility. Similarly, while protecting and improving the welfare of employees is an important aspect of social responsibility, it is only one part of the broader socioeconomic perspective.

Question 9

Which of the following examples reflects a socially responsible action by an organization?
A)Ford Motor Company became the first automaker to endorse a federal ban on sending text messages while driving.
B)Apple has eliminated lead-lined glass monitors from its product line and pioneered reduced-sized packaging that leverages recyclable materials.
C)UPS has a company-wide policy that urges employees to volunteer during natural disasters and other crises.
D)Mountain Equipment Coop accepts returns of goods for up to one year.

Accepted Answer

The answer of Which of the following examples reflects a...

Question 10

When a firm advertises that it only uses recycled paper products it is ________.
A)meeting its social obligation
B)being socially responsive
C)adopting green management
D)meeting its stakeholder requirements

Accepted Answer

Being socially responsive means taking actions that benefit society as a whole, such as using recycled paper products.

Question 11

Advocates of social responsiveness believe it is more ________ than social responsibility.
A)philosophical
B)ethical
C)long term
D)action-oriented

Accepted Answer

Social responsiveness emphasizes taking action and being proactive in addressing social issues, while social responsibility may be viewed as more passive and based on meeting minimum obligations. Therefore, D is the best choice as it emphasizes action-oriented behavior.

Question 12

According to the model of the evolution of an organization's social responsibility,stage 3 is characterized by an added interest in ________.
A)stockholders
B)employees
C)customers and suppliers
D)society as a whole

Accepted Answer

Stage 3 of the evolution of an organization's social responsibility focuses on customers and suppliers, expanding beyond just stockholders and employees.

Question 13

Under the concept of social obligation,the organization does what is required by the ________.
A)society
B)stakeholders
C)environment
D)law

Accepted Answer

Social obligation refers to the responsibility of the organization to comply with the laws and regulations set by the government. Therefore, the answer is D which refers to the law.

Question 14

The most outspoken advocate of the classical view of social responsibility is economist and Nobel laureate ________.
A)John Keynes
B)Milton Friedman
C)Robert Reich
D)John Galbraith

Accepted Answer

Milton Friedman is known for advocating the classical view of social responsibility, which states that the only social responsibility of a business is to increase profits within the rules of the game. He believed that any other attempts to pursue social responsibility could harm the economy and lead to government intervention.

Question 15

A firm that engages in social actions in reaction to some popular social need is taking a social ________ approach.
A)responsiveness
B)reaction
C)responsibility
D)obligation

Accepted Answer

The correct term is "social responsiveness," which refers to a firm's strategy of reacting to social needs or issues as they arise, rather than proactively addressing social responsibilities or obligations.

Question 16

In Canada,a company that meets federal pollution control standards and does not discriminate in its hiring and promotion practices is meeting its ________.
A)social obligation and more because it is trying to be a good corporate citizen
B)social obligation and nothing more because laws mandate these actions
C)corporate social responsibility because it is engaging in ethical business activities
D)social responsiveness because there is a clear ethical imperative

Accepted Answer

Meeting federal pollution control standards and not discriminating in hiring and promotion practices are legal requirements mandated by the government. Therefore, the company is fulfilling its social obligation and nothing more.

Question 17

Social obligation is the obligation of a business to meet its ________.
A)investor and market responsibilities
B)economic and shareholder responsibilities
C)economic and legal responsibilities
D)legal and social responsibilities

Accepted Answer

Social obligation is the obligation of a business to meet its economic and legal responsibilities.

Question 18

According to the model of the evolution of an organization's social responsibility,stage 2 adds responsibility to ________.
A)stockholders
B)employees
C)safe products
D)society as a whole

Accepted Answer

In stage 2 of the evolution of an organization's social responsibility, the focus expands to include responsibility towards employees, reflecting a broader understanding of the impacts an organization has beyond just its stockholders.

Question 19

________ is defined as a business firm's obligation,beyond what is required by its legal and economic obligations,to do the right things and act in ways that are good for society.
A)Social obligation
B)Corporate social responsibility
C)Social responsiveness
D)Values-based management

Accepted Answer

Corporate social responsibility (CSR) is the concept of a business taking into account its social and environmental impact beyond what is legally required. It involves acting in a socially responsible manner, such as implementing ethical business practices, reducing environmental pollution, and giving back to communities through philanthropic activities.

Question 20

The classical view of social responsibility holds that management's only social responsibility is to ________.
A)improve social welfare
B)enhance product quality
C)strengthen employee relations
D)maximize profits

Accepted Answer

The classical view of social responsibility, also known as the economist view, states that the only social responsibility of business is to maximize profits for shareholders. This view emphasizes that businesses should focus on their primary goal of making profits and that social responsibility falls outside their primary focus.

Quiz 6: Managing Responsibly and Ethically

Which of the following is associated with the classical view of social responsibility?

A firm that engages in social actions to meet its basic legal and economic responsibilities is taking a social ________ approach.

Which of the following statements about social responsiveness is TRUE?

A Canadian business that provides onsite childcare facilities for employees is ________.

________ is defined as a business firm's intention,beyond its legal and economic obligations,to do the right things and act in ways that are good for society.

A leading proponent of the classical view argues that any time managers decide to spend their organization's resources for "social good" they are ________.

According to the model of the evolution of an organization's social responsibility,stage 4 is noted by an added accountability to the ________.

The socioeconomic view is that management's social responsibility goes beyond making profits to include ________.

Which of the following examples reflects a socially responsible action by an organization?

When a firm advertises that it only uses recycled paper products it is ________.

Advocates of social responsiveness believe it is more ________ than social responsibility.

According to the model of the evolution of an organization's social responsibility,stage 3 is characterized by an added interest in ________.

Under the concept of social obligation,the organization does what is required by the ________.

The most outspoken advocate of the classical view of social responsibility is economist and Nobel laureate ________.

A firm that engages in social actions in reaction to some popular social need is taking a social ________ approach.

In Canada,a company that meets federal pollution control standards and does not discriminate in its hiring and promotion practices is meeting its ________.

Social obligation is the obligation of a business to meet its ________.

According to the model of the evolution of an organization's social responsibility,stage 2 adds responsibility to ________.

________ is defined as a business firm's obligation,beyond what is required by its legal and economic obligations,to do the right things and act in ways that are good for society.

The classical view of social responsibility holds that management's only social responsibility is to ________.