Question 1

According to the modern social contract approach, by recognizing stakeholders rather than just their _____, corporations must maintain a long-term perspective than just delivering quarterly earnings numbers.

Accepted Answer

The answer of According to the modern social contract approach,...

Question 2

The _____ approach to corporate management is considered simplistic because it focuses on the internal world of the corporation itself and assumes that there are no external consequences to the actions of the corporation and its managers.

Accepted Answer

The answer of The _____ approach to corporate management is...

Question 3

The _____ approach to corporate management states that the only obligation of a corporation is to maximize profits for its shareholders.

Accepted Answer

The answer of The _____ approach to corporate management states...

Question 4

According to Milton Friedman, it would be unethical for a corporation to do anything other than deliver the profits for which its investors have entrusted it with their funds in the purchase of shares in the corporation. This illustrates the _____ to corporate social responsibility (CSR).

Accepted Answer

The answer of According to Milton Friedman, it would be...

Question 5

One of the newest and increasingly questionable practices in the world of corporate social responsibility (CSR) is the notion of making operations "_____" in such a way as to offset whatever damage is being done to the environment through greenhouse gas emissions by purchasing credits to balance out emissions.

Accepted Answer

The answer of One of the newest and increasingly questionable...

Question 6

The _____ approach to corporate social responsibility (CSR) argues that philanthropic initiatives are authorized without concern for the corporation's overall profitability.

Accepted Answer

The answer of The _____ approach to corporate social responsibility...

Question 7

Critics have argued that, from an ethical perspective, _____ 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 its name.

Accepted Answer

The answer of Critics have argued that, from an ethical...

Question 8

The _____ refers to the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Accepted Answer

The answer of The _____ refers to the perspective that...

Question 9

_____ implies that an organization operates with an awareness of its obligation to the society.

Accepted Answer

The answer of _____ implies that an organization operates with...

Question 10

_____ corporate social responsibility (CSR) is the most legitimate type of CSR.

Accepted Answer

The answer of _____ corporate social responsibility (CSR) is the...

Question 11

_____ corporate social responsibility (CSR) encompasses philanthropic activities targeted toward programs that generate the most positive publicity or goodwill for the organization.

Accepted Answer

The answer of _____ corporate social responsibility (CSR) encompasses philanthropic...

Question 12

_____ implies that an organization is responsible for meeting all its legal and social obligations.

Accepted Answer

The answer of _____ implies that an organization is responsible...

Question 13

According to Joseph
F. Keefe, _____ is a major trend behind the corporate social responsibility (CSR) phenomenon that does not allow companies to conceal their business practices.

Accepted Answer

The answer of According to Joseph
F. Keefe, _____ is a...

Question 14

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

Accepted Answer

The answer of _____ corporate social responsibility (CSR) is a...

Question 15

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

Accepted Answer

The answer of _____ corporate social responsibility (CSR) runs the...

Question 16

Companies that support the policy of _____ believe that doing what's best in the long-term interest of the customer is ultimately doing what's best for the company.

Accepted Answer

The answer of Companies that support the policy of _____...

Question 17

_____ refers to the actions of an organization that target toward achieving a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations.

Accepted Answer

The answer of _____ refers to the actions of an...

Question 18

_____ argued that in the instrumental approach it would be unethical for a corporation to do anything other than deliver profits for its investors.

Accepted Answer

The answer of _____ argued that in the instrumental approach...

Question 19

Many companies' annual reports reflect a _____ approach that includes updates on their social and environmental activities in addition to their bottom-line financial performance.

Accepted Answer

The answer of Many companies' annual reports reflect a _____...

Question 20

When 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, they are following an _____ corporate social responsibility (CSR) initiative.

Accepted Answer

The answer of When organizations pursue a clearly defined sense...

Quiz 4: Corporate Social Responsibility