Business Ethics Now Chapter Four Review

actions targeted toward achieving a social benefit above maximizing profits for shareholders & meeting legal obligations

money left after all the bills have been paid from the revenue generated from the sale of product or service

A problem with the triple-bottom line concept is that no real evidence of how to measure it exists.

The concept of "doing well by doing good" means __________

ABC company offers incentives to its employees for top monthly sales is an example of the instrumental approach to CSR

The social contract assumption that economic growth would bring an equal advancement in quality of life changed when ___

One of the major trends to CSR include sustainability. This means companies can no longer "sweep things under the rug."

Instrumental approach states companies have an obligation to society over & above the expectations of its shareholders

Companies that promote the use of renewable sources of energy are following the instrumental approach to CSR

CSR force that represents a new stage of capitalist development without public institutions to protect society

states companies' only obligation is to maximize profits for its shareholders

a synonym for corporate conscience or corporate citizenship

a clearly defined sense of social conscience in managing financial, legal, and ethical responsibilities exists

a philanthropic approach to give back to the company's local community or designationed national/international programs

philanthropic approach that generates positive publicity for the organization but seems like self-serving behavior

Companies that demonstrate CSR are assumed to operate in a competitive environment.

CSR force that states earth's natural systems are in accelerating decline & businesses need to be environmentally sound