Question 1

One of the newest and increasingly questionable practices in the world of CSR is the notion of making operations "carbon neutral."

Accepted Answer

The statement correctly describes the trend of making operations "carbon neutral" as a questionable practice in the world of CSR. Carbon neutrality refers to achieving a balance between carbon emissions and carbon removal, either through reducing emissions or by investing in carbon offsetting projects. While it may seem like a positive step towards reducing greenhouse gas emissions, the effectiveness and ethicality of carbon offsetting schemes have been widely debated in the sustainability community. Therefore, the practice of carbon neutrality is considered as a controversial aspect of CSR.

Question 2

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 3

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 4

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 5

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 6

Altruistic CSR represents a type of corporate social responsibility (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

The answer of Altruistic CSR represents a type of corporate...

Question 7

Altruistic CSR type of philanthropic activity targets programs that will generate the most positive publicity or goodwill for the organization.

Accepted Answer

Altruistic CSR type of philanthropic activity targets programs that will generate the most positive social impact, not the most positive publicity or goodwill for the organization.

Question 8

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

Accepted Answer

While CSR initiatives may lead to long-term financial gains and benefits such as enhanced brand reputation, improved stakeholder relations, and increased employee satisfaction, they may not necessarily generate immediate financial gains after implementation. It may take some time before the benefits of CSR initiatives are fully realized.

Question 9

Strategic CSR targets programs that will generate the most positive publicity or goodwill for the organization.

Accepted Answer

Strategic CSR targets programs that align with the organization's values and goals, and that have a positive impact on stakeholders.

Question 10

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 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 answer of The country of Cadmia was hit by...

Question 11

Ethical 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

The answer of Ethical CSR is a philanthropic approach to...

Question 12

Strategic CSR runs the greatest risk of being perceived as self-serving behavior on the part of the organization.

Accepted Answer

Strategic CSR refers to the use of CSR initiatives to achieve business objectives or gain a competitive advantage. While it can provide benefits to both the company and the society, it also runs the risk of being perceived as self-serving behavior, especially if the primary focus is on achieving business goals rather than doing good for society. This can lead to skepticism and mistrust among stakeholders, which can ultimately harm the company's reputation.

Question 13

Critics have argued that,from an ethical perspective,altruistic 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

Some critics argue that altruistic CSR can be seen as immoral if it uses company resources for social initiatives without shareholder consent, potentially violating their rights and interests.

Question 14

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

This statement is true. Making operations "carbon neutral" involves balancing out emissions by purchasing credits from "carbon-positive" projects.

Question 15

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

Making a company's operations "carbon neutral" was developed as a solution for industries facing emission reduction challenges, including airlines and automobile companies.

Question 16

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

This statement is true as corporations that merely experiment with corporate social responsibility initiatives do run the risk of creating adverse results as the public perceives it as a mere token action aimed at publicity rather than benefiting the community.

Question 17

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

Accepted Answer

Ethical CSR refers to socially responsible actions taken by a company that align with its values and ethical principles. It is considered the purest and most legitimate form of CSR because it is driven by a company's commitment to doing the right thing, rather than just fulfilling legal obligations or pursuing financial gains.

Question 18

In contrast to the alleged immorality of altruistic 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 suggests that critics argue that strategic CSR is ethically commendable as it benefits stakeholders while meeting fiduciary obligations to shareholders. Therefore, the statement is true.

Question 19

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 20

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

Accepted Answer

Emissions credits can be bought and sold on certain markets, such as the European Union Emissions Trading System.

Quiz 4: Corporate Social Responsibility