Question 1

Social venture philanthropy is the investment of human and financial resources by corporations in non-profit community development agencies to generate a social return.

Accepted Answer

Social venture philanthropy involves corporations investing resources in non-profits to create social impact, rather than solely seeking financial returns.

Question 2

A social entrepreneur is the leader of a social enterprise,not of a non-profit organization.

Accepted Answer

A social entrepreneur can lead either a social enterprise or a non-profit organization, as both aim to address social issues, albeit through different models.

Question 3

A local toy store sponsors the children's festival.This shows targeting of corporate sponsorship.

Accepted Answer

The fact that the local toy store is sponsoring a children's festival indicates that they are targeting their sponsorship towards activities or events that are relevant to their target audience, which is a key aspect of corporate sponsorship.

Question 4

There is a definite,reciprocal link between the corporation and the charity with corporate sponsorship,but not with corporate donation.

Accepted Answer

Corporate sponsorship involves a reciprocal relationship between the corporation and the charity, where the corporation provides funding in exchange for recognition or benefits, such as advertising or public relations. Corporate donation, on the other hand, is a one-way charitable contribution made by the corporation without any reciprocal benefits.

Question 5

A retail chain has its employees volunteer for an annual charitable run to raise money for cancer research.The company pays for its employees' time to participate.The company is highly profitable and can spare the resources to engage in this behaviour.The business is operating under the ___________.

Accepted Answer

The answer of A retail chain has its employees volunteer...

Question 6

A major manufacturing company has never engaged in CSR programming.It simply never occurred to them to do so.Which response to CSR does this reflect?

Accepted Answer

This response reflects an amoral approach to CSR, where the company has not actively considered or pursued CSR initiatives, but neither has it actively rejected or opposed them.

Question 7

Small businesses have to confront fewer of the types of social and ethical issues experienced by large business.

Accepted Answer

Small businesses can also face social and ethical issues such as labor practices, environmental impact, and community engagement. However, the scale and complexity of these issues may be different compared to large corporations.

Question 8

The effort of business to make a social contribution to society is referred to as:

Accepted Answer

The answer of The effort of business to make a...

Question 9

Small businesses are more likely than large businesses to use misleading advertising.

Accepted Answer

The answer of Small businesses are more likely than large...

Question 10

Juan's employer has a policy outlining the conditions whereby he can take time off work to volunteer.His organizational policy can be considered to be encouraging rather than enabling volunteerism.

Accepted Answer

The answer of Juan's employer has a policy outlining the...

Question 11

Community investment focuses on the creation of economic opportunities for business through engagement in traditional areas of philanthropy and volunteerism.

Accepted Answer

Community investment involves investing in community programs and initiatives that create economic opportunities for businesses, rather than solely focusing on traditional philanthropy and volunteerism.

Question 12

Credit unions are a form of social enterprise.

Accepted Answer

Credit unions are financial cooperatives owned and controlled by their members, who typically have a common bond, such as living or working in the same community. They operate as non-profit organizations, with any profits going back to their members in the form of lower fees and interest rates on loans and higher interest on savings. This business model is considered a form of social enterprise because it prioritizes the needs and interests of the community over maximizing profits for shareholders.

Question 13

A social enterprise is a model of business where a balance is sought between financial return to shareholders and the furtherance of social aims.

Accepted Answer

The answer of A social enterprise is a model of...

Question 14

Kaleb's employer supports a local children's hockey league.They provide the team jerseys,with the corporate logo,that the players wear when playing public games.The corporation is considered a donor to the hockey league.

Accepted Answer

The answer of Kaleb's employer supports a local children's hockey...

Question 15

Marcus sits on his church board.His organization provides paid time off work for volunteering.Because his volunteerism is related to religious service,Marcus is likely not be given time off to volunteer at the church.

Accepted Answer

Marcus's volunteerism is related to religious service, which is protected under the First Amendment. Therefore, his employer is likely not required to give him time off to volunteer at the church.

Question 16

A large sporting goods chain incorporates sustainable environmental practices into all its operations and has thus developed a committed customer membership base,resulting in profitable operations.This business is operating under the _________________.

Accepted Answer

The sustainable environmental practices indicate that the business is operating under the social paradigm, which prioritizes sustainability and social responsibility over solely maximizing profits. This has resulted in a committed customer membership base and profitable operations.

Question 17

Philanthrocapitalism,uses modern business practices and an entrepreneurial spirit to get more from corporate social responsibility.

Accepted Answer

Philanthrocapitalism is the use of business strategies and market-based approaches to address social and environmental issues. It aims to create positive impact while also generating profit, in contrast to traditional philanthropy which relies on donations and charities. Therefore, it seeks to maximize the efficiency and effectiveness of corporate social responsibility efforts.

Question 18

Social enterprises are charitable organizations.

Accepted Answer

While social enterprises may have a charitable component to their mission, their primary goal is to create a sustainable business model that generates revenue to support their social or environmental goals. Unlike traditional charities, social enterprises aim to be financially self-sufficient, using profits to reinvest in their mission or to expand their impact.

Question 19

A large manufacturer has received negative publicity related to discriminatory employment practices regarding minorities and their opportunities for promotion.The CEO has ordered the advertising company to develop a campaign that features members of multiple minority groups,many of whom are managers,talking about how supportive the company is.This CSR response is _________________.

Accepted Answer

This CSR response is an example of tokenism, which is when a superficial effort is made to include members of minority groups in order to create the appearance of diversity without actually addressing the underlying issue of discrimination. This campaign puts the minority employees in a position where they have to defend the company's practices, without actually addressing the discrimination they have experienced. It is a surface-level response that does not address the root of the problem.

Question 20

There is a trend to corporations placing money into foundations instead of distributing the money directly to the nonprofits through donation.

Accepted Answer

Many corporations are choosing to establish their own foundations, which allows them to have greater control over where their donations are going and how they are being used. This also allows them to have more say in the charitable work that is being done and can help to build a closer relationship between the corporation and the nonprofit. Additionally, by establishing a foundation, the corporation can often receive tax benefits for their donations.

Quiz 8: Corporate Social Responsibility: In Practice