The instrumental approach to corporate social responsibility (CSR) states that:

C. The obligation of a corp is to maximize profits.

The triple bottom line is...

Reporting economic, environmental and social sustainability

Corporate Citizenship or Corporate Conscience also means?

Corporate Social Responsibility

Corporate social responsibility does not include:

Making as much profit as possible only for shareholders

An example of a corporation's legal obligation?

Payment of all taxes related to profitable operation

Identify essential roles of a board.

Dev. strategy, compliance w/ law, establish & monitor policy

Corporate Social Responsibility refers to

Open and accountable business actions based on respect

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Ethics Chapters 4

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Questions 15

Answers

1
The instrumental approach to corporate social responsibility (CSR) states that:
C. The obligation of a corp is to maximize profits.
A. The only obligation is for a company to promote socialism
B. A corp has an obligation to society not to profits.
D. The obligation of a corp is to protect the environment.
2
The triple bottom line is...
Ensuring three different types of financial reporting
Reporting economic, environmental and social sustainability
Ensuring a triple check as part of quality management
Reporting on increases in cashflow, assets, and income
3
Corporate Citizenship or Corporate Conscience also means?
Social Approach Contract
Corporate Social Responsibility
Management with Conscience
4
What is the purest or most legitimate type of CSR?
Regular
Strategic
Altruistic
Ethical
5
The social contract approach argues that the corporation only has an obligation to itself.
A. True
B. False
6
What is Corporate Governance?
Consists of the ethics and morals
Use their morals to dictate how they will run their company
All of the above
Balancing the interests of a company's many stakeholders
7
Corporate social responsibility does not include:
Using scarce resources economically
Making as much profit as possible only for shareholders
Treating employees and customers with respect
Considers the need of local community
8
What type of CSR is where the organization underwrites specific initiative to give back to the local community?
Altruistic
Ethical
Strategic
9
An example of a corporation's legal obligation?
Growing realization of actions
Payment of all taxes related to profitable operation
Payment of all daycare for their workers
10
Identify essential roles of a board.
Dev. strategy, compliance w/ law, establish & monitor policy
Spread money from third parties amount board members
Make sure balance sheet is healthy
11
The Triple Bottom Line does NOT include:
Privacy
Profit
Planet
People
12
What type of CSR is where an organization targets programs that will generate the most positive publicity or goodwill?
Ethical
Strategic
Altruistic
13
Investors NEVER invest money in companies to make a large profit.
False
True
14
A business has an obligation to society over and above the expectation of its shareholders?
Legal Approach
Social Contract Approach
Instrumental Approach
15
Corporate Social Responsibility refers to
Doing the right thing
Open and accountable business actions based on respect
Meeting present needs without compromising future
Being corporate and stuff

Ethics Chapters 4 Flashcards | StudBud