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

social responsibility may become a form of social marketing

The three main models of Corporate Social Responsibility are:

Economic, Stakeholder and Integrative

Which of the following is the most demanding social responsibility?

biz should not sell a product that causes harm to consumers

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.

Sustainability holds that firms must:

must bal financial goals vs. environmental considerations

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 of stakeholder theory?

argues-narrow economic model fails as accurate/reasonable

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

ethical expectations that society has for biz

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

It is very difficult to measure ethical pay offs.

Chapter Five is about .....

CSR - Corporate Social Responsibility

Defenders of sustainability CSR point out that:

all economic activity exists w/i a biosphere supporting life

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

A firm that uses resources at unsustainable rates

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

shareholders are at the center of the corporation

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

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

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

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Business Ethics, Chap 5, McGraw Hill

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Questions 21

Answers

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

Business Ethics, Chap 5, McGraw Hill Flashcards | StudBud