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Trends in Ethics and Corporate Social Responsibility Flashcards | StudBud

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Trends in Ethics and Corporate Social Responsibility

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Questions 5

Answers

1
What is the most important aspect of the social contract?
none, they are all equally important
respect
culture
management
2
Why has corporate philanthropy shifted their focus to strategic giving from charitable giving?
to tie philanthropy and CSR efforts closely to a company’s mission or goals
to give money out more randomly so it is more fair
to target donations to the communnities that are in need
to decrease the amount of money donated so the company can make more
3
What are the four important aspects of the social contract?
management, learning, safety, and respect
compensation, management, culture, and learning/development
integrity, management, ethics, respect
compensation, culture, development, and integrity
4
What is important when a U.S. business expands into the global market? (select all that are correct)
respecting local practices and customs
creating a completely new code of ethics and not using the U.S. only ones
developing a solid group of local managers
remembering to follow only the local laws
5
When a multinational firm invests in a foreign country, should it commit to a short-term or a long-term relationship?
short-term
long-term