Question 1

All CSR initiatives invariably generate immediate financial gains to the organization after implementation.

Accepted Answer

Many CSR initiatives do not generate immediate financial gains to the organization.

Question 2

Altruistic corporate social responsibility (CSR) represents a type of CSR in which organizations pursue a clearly defined sense of social conscience in managing their financial responsibilities to shareholders, their legal responsibilities, and their ethical responsibilities to do the right thing for all their stakeholders.

Accepted Answer

Altruistic corporate social responsibility (CSR) is a philanthropic approach to corporate social responsibility in which organizations underwrite specific initiatives to give back to the company's local community or to designated national or international programs.

Question 3

The Kyoto Protocol requires developed nations to reduce their greenhouse gas emissions only by modifying their domestic industries.

Accepted Answer

The Kyoto Protocol, an agreement between 160 countries, requires developed nations to reduce their greenhouse gas emissions not only by modifying their domestic industries (coal, steel, automobiles, etc.) but also by funding projects in developing countries in return for carbon credits.

Question 4

The country of Cadmia was hit by a hurricane. Singerz Corporation responded to the devastation caused by the hurricane by donating fuel for transportation supplying relief aid. In addition, it announced a direct cash donation of $1 million to support the relief and rebuilding efforts. This is an example of strategic corporate social responsibility (CSR).

Accepted Answer

The given scenario in which Singerz Corporation responded to the devastation caused by the hurricane by donating fuel for transportation and $1 million to support the relief and rebuilding efforts is an example of altruistic corporate social responsibility (CSR). Examples of altruistic CSR often occur during crises or situations of widespread need.

Question 5

The practice of making operations "carbon neutral" is a way to offset whatever damage is being done to the environment due to greenhouse gas emissions by purchasing credits from "carbon-positive" projects to balance out emissions.

Accepted Answer

Making operations carbon neutral involves offsetting the damage caused by greenhouse gas emissions through the purchase of credits from carbon-positive projects. This balances out the emissions and helps to mitigate their negative impact on the environment.

Question 6

In contrast to the alleged immorality of altruistic corporate social responsibility (CSR), critics argue that strategic CSR is ethically commendable since these initiatives benefit stakeholders while meeting fiduciary obligations to the company's shareholders.

Accepted Answer

The statement is stating that strategic CSR is seen as ethically commendable because it benefits stakeholders and fulfills the company's obligations to shareholders, which means that it is viewed as a way to balance both stakeholders' interests and the company's financial goals.

Question 7

Anderson Enterprises (AE) issues free meal coupons to its employees and also provides them with travel allowances. This illustrates that AE pursues the triple bottom-line approach.

Accepted Answer

Issuing free meal coupons to its employees and providing travel allowance does not indicate that AE is pursuing the triple bottom-line approach.

Question 8

Ethical CSR is the purest or most legitimate form of CSR.

Accepted Answer

Ethical CSR refers to a company's voluntary actions that go above and beyond what is required by law and are based on ethical principles, values, and beliefs. It is considered the purest and most legitimate form of CSR as it involves companies taking responsibility for their impact on society and the environment and engaging in sustainable business practices.

Question 9

There are several standard ways to measure the achievements of the triple bottom-line approach.

Accepted Answer

There is no real evidence of how the triple bottom-line approach (3BL) can be measured.

Question 10

Strategic corporate social responsibility (CSR) targets programs that will generate the most positive publicity or goodwill for the organization.

Accepted Answer

Strategic CSR is designed to align social and environmental activities with the business purpose and values of an organization, often focusing on areas that will generate significant positive publicity or goodwill, enhancing the company's reputation and potentially its financial performance.

Question 11

Strategic corporate social responsibility (CSR) runs the greatest risk of being perceived as self-serving behavior on the part of the organization.

Accepted Answer

Strategic CSR is often seen as a way for companies to improve their reputation and increase profits, leading to criticism that the actions are primarily self-serving rather than genuinely altruistic.

Question 12

The Chicago Climate Futures Exchange (CCFE) promotes the standardization of carbon trading on a global scale.

Accepted Answer

The European Carbon Investors and Services Association (ECIS) promotes the standardization of carbon trading on a global scale.

Question 13

Corporations merely experimenting with corporate social responsibility initiatives run the risk of creating adverse results as the public sees little more than a token action that is concerned with publicity rather than community.

Accepted Answer

Corporations that only experiment with corporate social responsibility initiatives without a genuine commitment to making a positive impact on society may be viewed unfavorably by the public, who might see their actions as mere publicity stunts rather than genuine efforts to benefit the community.

Question 14

Altruistic corporate social responsibility (CSR) targets programs that will generate the most positive publicity or goodwill for the organization.

Accepted Answer

Strategic corporate social responsibility (CSR) targets programs that will generate the most positive publicity or goodwill for the organization.

Question 15

Ethical corporate social responsibility (CSR) is a philanthropic approach to corporate social responsibility in which organizations underwrite specific initiatives to give back to the company's local community or to designated national or international programs.

Accepted Answer

Ethical corporate social responsibility (CSR) represents the purest or most legitimate type CSR in which organizations pursue a clearly defined sense of social conscience in managing their financial responsibilities to shareholders, their legal responsibilities to their local community and society as a whole, and their ethical responsibilities to do the right thing for all their stakeholders.

Question 16

The practices of making a company's operations "carbon neutral" was initially developed as a solution for those industries, such as airlines or automobile companies, that face significant challenges in reducing their emissions.

Accepted Answer

Carbon neutrality was first adopted as a solution to help industries that face challenges with reducing their emissions, such as airlines and automobile companies.

Question 17

Emissions credits are fixed for every market, and they cannot be bought or sold.

Accepted Answer

The concept "carbon neutral" has quickly spawned a diverse collection of vendors that can assist one in achieving carbon neutrality, along with a few markets in which emissions credits can now be bought and sold.

Question 18

Critics have argued that, from an ethical perspective, altruistic corporate social responsibility (CSR) is immoral since it represents a violation of shareholder rights if they are not given the opportunity to vote on the initiatives launched in the name of corporate social responsibility.

Accepted Answer

Critics argue that altruistic CSR can be seen as immoral because it may prioritize social goals over shareholder interests without their consent, potentially violating their rights to have a say in how company resources are used.

Question 19

There are four distinctive types of corporate social responsibility (CSR)-economic, ethical, altruistic, and strategic.

Accepted Answer

There are three distinct types of CSR-ethical, altruistic, and strategic.

Question 20

One of the newest and increasingly questionable practices in the world of corporate social responsibility (CSR) is the notion of making operations "carbon neutral."

Accepted Answer

Carbon neutrality is a practice where companies aim to reduce their carbon emissions as much as possible and then offset the remaining emissions through various methods such as investing in renewable energy or planting trees. However, the effectiveness and legitimacy of these offsetting methods are often debated, making it a questionable practice in the world of CSR.

Quiz 4: Corporate Social Responsibility

All CSR initiatives invariably generate immediate financial gains to the organization after implementation.

The Kyoto Protocol requires developed nations to reduce their greenhouse gas emissions only by modifying their domestic industries.

The practice of making operations "carbon neutral" is a way to offset whatever damage is being done to the environment due to greenhouse gas emissions by purchasing credits from "carbon-positive" projects to balance out emissions.

In contrast to the alleged immorality of altruistic corporate social responsibility (CSR), critics argue that strategic CSR is ethically commendable since these initiatives benefit stakeholders while meeting fiduciary obligations to the company's shareholders.

Anderson Enterprises (AE) issues free meal coupons to its employees and also provides them with travel allowances. This illustrates that AE pursues the triple bottom-line approach.

Ethical CSR is the purest or most legitimate form of CSR.

There are several standard ways to measure the achievements of the triple bottom-line approach.

Strategic corporate social responsibility (CSR) targets programs that will generate the most positive publicity or goodwill for the organization.

Strategic corporate social responsibility (CSR) runs the greatest risk of being perceived as self-serving behavior on the part of the organization.

The Chicago Climate Futures Exchange (CCFE) promotes the standardization of carbon trading on a global scale.

Corporations merely experimenting with corporate social responsibility initiatives run the risk of creating adverse results as the public sees little more than a token action that is concerned with publicity rather than community.

Altruistic corporate social responsibility (CSR) targets programs that will generate the most positive publicity or goodwill for the organization.

Ethical corporate social responsibility (CSR) is a philanthropic approach to corporate social responsibility in which organizations underwrite specific initiatives to give back to the company's local community or to designated national or international programs.

The practices of making a company's operations "carbon neutral" was initially developed as a solution for those industries, such as airlines or automobile companies, that face significant challenges in reducing their emissions.

Emissions credits are fixed for every market, and they cannot be bought or sold.

Critics have argued that, from an ethical perspective, altruistic corporate social responsibility (CSR) is immoral since it represents a violation of shareholder rights if they are not given the opportunity to vote on the initiatives launched in the name of corporate social responsibility.

There are four distinctive types of corporate social responsibility (CSR)-economic, ethical, altruistic, and strategic.

One of the newest and increasingly questionable practices in the world of corporate social responsibility (CSR) is the notion of making operations "carbon neutral."