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LOCK - SM 131 Exam 1 Prep Flashcards | StudBud
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LOCK - SM 131 Exam 1 Prep
LOCK - SM 131 Exam 1 Prep
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Answers
1
Which ESG category is weighted the most?
Social
Environmental
Governance
It depends on the industry
2
Which of these people came up with the idea of Creative Destruction?
Joseph Schumpeter
Milton Friedman
Michael Porter
Edward Freeman
3
In the Coke and Pepsi Case, what category of stakeholder was the CSE?
Primary Nonsocial Stakeholder
Primary Social Stakeholder
Secondary Social Stakeholder
Secondary Nonsocial Stakeholder
4
Which of the following best describes ECO-Gym's strategy?
Greenwashing
Environmentally Friendly
Sustainability-Focused
Target Market
5
What level of threat and cooperation are Supportive stakeholders?
Low threat, low cooperation
High threat, low cooperation
High threat, high cooperation
Low threat, high cooperation
6
Which of the following is NOT an argument against CSR?
Business do not have obligations to all stakeholders
Companies have a lot of different factors to consider in decision-making
Business should not play a role in bettering society
Business are already too powerful
7
Which of the following was NOT one of Starbucks’ CSR initiatives?
Tuition for Workers
Anti-Gun Campaign
Race Together
CAFE (Sustainable Coffee Sourcing)
8
Which of the following is NOT one of the major reasons a CSR program may improve a business?
CSR can help the company differentiate from competitors
CSR can help a company reduce the likelihood of government regulation
CSR can help the company improve its reputation
CSR can help a company control its labor costs and reduce employee benefits
9
What does ESG stand for?
Environment, social, government
Environment, social, governance
Environment, society, government
Environment, society, governance
10
Which of the following is TRUE about primary and secondary stakeholders? (SH = Stakeholders)
Primary SH have a direct stake, secondary SH have a public or special stake
Primary SH have a larger impact on the organization than secondary SH
Primary SH have legal responsibility, secondary SH do not
Primary SH interact with the organization more frequently
11
Generally, what type of stakeholder are advocacy groups?
Marginal (low threat/low cooperation)
Mixed Blessing (high threat/high cooperation)
Supportive (low threat/high cooperation)
Nonsupportive (high threat/low cooperation)
12
Which of these is NOT part of the Triple Bottom Line?
People
Profit
Planet
Purpose
13
In the Coke and Pepsi Case, what category of stakeholder was the water and land?
Primary Social Stakeholder
Secondary Nonsocial Stakeholder
Primary Nonsocial Stakeholder
Secondary Social Stakeholder
14
Generally, what type of stakeholder are a company's unionized employees?
Marginal (low threat/low cooperation)
Mixed Blessing (high threat/high cooperation)
Nonsupportive (high threat/low cooperation)
Supportive (low threat/high cooperation)
15
Which of Carroll's 4 Pillars of CSR is NOT required from businesses today?
Ethical
Economic
Philanthropic
Legal
16
What is "Creative Destruction?"
The free market's way of delivering progress
How the environment is hurt to support economic progress
The individual self-interest that drives economic change
The economic growth following World War II
17
Which of the following differentiates primary stakeholders from secondary stakeholders?
Connection to the company
Number of purchases made per year
If they are human
Demographic
18
What strategy should you employ with a Mixed Blessing stakeholder?
Collaborate
Monitor
Involve
Defend
19
What strategy should you employ with a Supportive stakeholder?
Involve
Collaborate
Monitor
Defend
20
Which of Carroll's 4 Pillars of CSR would Milton Friedman most likely disagree as a business main purpose?
Economic
Philanthropic
Ethical
Legal
21
Which of the following is the primary reason well-established businesses fail?
Infighting between Board of Directors
Lack of innovation
Poor revenue growth
Antitrust investigations
22
What strategy should you employ with a Marginal stakeholder?
Monitor
Involve
Collaborate
Defend
23
What level of threat and cooperation are Non-Supportive stakeholders?
Low threat, high cooperation
Low threat, low cooperation
High threat, low cooperation
High threat, high cooperation
24
Which of these people came up with the idea of Conscious Capitalism?
Milton Friedman
Mark Kramer
John Mackey
Michael Porter
25
What kind of stakeholder is PETA to Canada Goose (a company that uses real animal fur in its products)?
Primary Social Stakeholder
Secondary Social Stakeholder
Secondary Nonsocial Stakeholder
Primary Nonsocial Stakeholder
26
In the Coke and Pepsi Case, what category of stakeholder were the farmers?
Secondary Social Stakeholder
Secondary Nonsocial Stakeholder
Primary Social Stakeholder
Primary Nonsocial Stakeholder
27
Before Etsy's IPO, what type of stakeholders were their employees, and what strategy should you use with them?
Supportive, Involve
Supportive, Collaborate
Mixed blessing, Collaborate
Mixed blessing, Monitor
28
Which of the following is not a major component of Creating Shared Value?
Investments solely addressing social and environmental objectives
Growing revenue through products and services addressing social issues
Improving resource efficiency and reducing operational cost and impact
Redesigning the supply chain to improve growth and productivity
29
Which of these is NOT an area to consider relating to a stakeholder’s stake?
Urgency
Ownership
Legitimacy
Power
30
Which of the following are the 4 Pillars of CSR?
People, Planet, Profit, and Partnerships
Economic, Environmental, Social, and Philanthropic
Customer, Company, Community, Country
Economic, Legal, Ethical, and Philanthropic
31
What level of threat and cooperation are Mixed Blessing stakeholders?
Low threat, low cooperation
High threat, low cooperation
Low threat, high cooperation
High threat, high cooperation
32
Which of the following is NOT a primary job of the Board of Directors?
Appoint officers of a company
Become a member of the Audit, Compensation, or Ethics Commite
Determine tactics to acheive short terms goals
Attend yearly meeting of shareholders
