Chapter Five is about .....

CSR - Corporate Social Responsibility

Which of the following is the most demanding social responsibility?

biz should not sell a product that causes harm to consumers

Defenders of sustainability CSR point out that:

all economic activity exists w/i a biosphere supporting life

Which is a true statement of stakeholder theory?

argues-narrow economic model fails as accurate/reasonable

Which is a true statement about the integrative model of CSR?

brings social responsibility into the core of the biz model

Which is a true statement about social responsibility? It refers to ....

what biz should/ought to do for society, even if it costs $

Which is an example of a firm that is failing its fundamental social responsibility?

A firm that uses resources at unsustainable rates

The three main models of Corporate Social Responsibility are:

Economic, Stakeholder and Integrative

According to the economic model of corporate social responsibility, a biz's sole duty is to:

fulfill the economic functions it was designed to serve.

When a firm engages in socially responsible activities with a prime focus on reputation...

social responsibility may become a form of social marketing

Tension which arises when an organization tries to meet social/economic responsibilities can be

overcome by pursuing social ends as the core of org mission

Sustainability holds that firms must:

must bal financial goals vs. environmental considerations

Which of the following is the challenge associated with ethical pay offs?

It is very difficult to measure ethical pay offs.

Corporate Social Responsibility (CSR) refers to the.....?

ethical expectations that society has for biz

What is true about the economic model of Corp Social Responsibility (CSR)?

shareholders are at the center of the corporation

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Business Ethics, Chap 5, McGraw Hill

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Questions 21

Answers

1
Chapter Five is about .....
CSR - Corporate Social Responsibility
101 Ways to Make Meatloaf for Fun and Profit
SCR - Social Corporate Reform
RCS - Required Corporate Services
2
Which of the following is the most demanding social responsibility?
biz should not sell a product that causes harm to consumers
biz should prevent harm even where it is not the cause
Biz should do charitable work for the development of society
Biz should volunteer for society/environment friendly work
3
Defenders of sustainability CSR point out that:
the success of a biz must be judged only by profit
all economic activity exists w/i a biosphere supporting life
people have a strong ethical duty to cause no harm...
businesses sole social resp is to fulfill economic functions
4
Which is a true statement of stakeholder theory?
long term success is tied to affects on the environment
argues-narrow economic model fails as accurate/reasonable
integrates economic and social goals into the biz model
financial goals must be balanced against environmental goals
5
Which is a true statement about the integrative model of CSR?
every biz decision costs & those costs must be acknowleged
that all biz s/b benefit corps, devoting all to social goals
stakeholders have diff power on decisions than others
brings social responsibility into the core of the biz model
6
A business form that limits the liability of individuals for the business risks is a ______
Sole proprietorship
Joint proprietorship
Corporation
Partnership
7
Which is a true statement about social responsibility? It refers to ....
what biz should/ought to do for society, even if it costs $
the resp society has to ensure a biz's success
the steps taken to avoid internal malpractice or misconduct
the responsibility to fulfill the terms of a contract
8
Which is an example of a firm that is failing its fundamental social responsibility?
A firm that prioritizes environmental sustainability
A firm that is financially unstable
A firm that uses resources at unsustainable rates
A firm that has loss margins exceeding its profit margins
9
The three main models of Corporate Social Responsibility are:
Sustainable, Philanthropic, Non-profits
Economic, Stakeholder and Integrative
Wood, Plastic, and Metal
Profit, Loss, & Dividends
10
Which CSR says long term wellbeing depends on how a firm affects/affected by natural environ?
Steakholder
Sustainability
Social Entrepreneurship
Philanthropic
11
According to the economic model of corporate social responsibility, a biz's sole duty is to:
think beyond economic ends that are met to help society
fulfill the economic functions it was designed to serve.
analyze society defects & design products to avoid defects
go beyond legal responsibilities to cater to society's needs
12
The practice of attending to the "image" of a firm is referred to as:
reputation management.
crisis management.
branding.
gentrification.
13
Which model of CSR considers business a citizen of the society that it operates in?
Philanthropic model
Philanthropic model
Stakeholder model (social web)
Philanthropic model
14
When a firm engages in socially responsible activities with a prime focus on reputation...
a measure of positive rep gained is impossible to calculate.
social responsibility may become a form of social marketing
profits have to be sacrificed for social causes.
it always loses employee loyalty
15
Tension which arises when an organization tries to meet social/economic responsibilities can be
overcome by pursuing social ends as the core of org mission
overcome by charity work, making a good community reputation
a big hassle requiring aspirin or Excedrin
overcome by utilizing a small % of profit on social causes
16
The _____ Model of CSR directs mgmt to max profit & shareholder wealth as long as it is legal.
economic
sustainability
integrative
stakeholder
17
Which theory recognizes that biz decisions affect many people—benefiting some/costing others?
Stakeholder theory
Integrative theory
Altruistic theory
Institutional theory
18
Sustainability holds that firms must:
must rate social consideration below tasks beneficial2growth
realize sustenance is affected by overemphasis on environmt
not prioritize social goals @ the expense of economic growth
must bal financial goals vs. environmental considerations
19
Which of the following is the challenge associated with ethical pay offs?
It ruins the reputation that triggered it.
It is very small in comparison to profits.
It can easily be duplicated by competitors.
It is very difficult to measure ethical pay offs.
20
Corporate Social Responsibility (CSR) refers to the.....?
ethical expectations that society has for biz
the accountability that a manager has over his subordinates.
actions that maximize profits
dedication that biz show in expanding market share
21
What is true about the economic model of Corp Social Responsibility (CSR)?
shareholders are at the center of the corporation
that businesses have social responsibilities
business decisions cost money & that s/b acknowledged
It fully integrates economic and social goals into biz model

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