BGS – Ch 6 Implementing Corporate Social Responsibility – Flashcards
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In terms of a company's social report, the opposite of transparency is opacity
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True
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Corporate philanthropy is a large part of overall private philanthropy in the U.S. every year
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False
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As a first step in implementing corporate social responsibility, a corporation should:
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assess its current situation and activities
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The two elements that determine the CSR orientation of a firm are its business model and its
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leadership
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A progressive business model:
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defines a strategy that meets market needs by mitigating social problems
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Most companies, including nearly all of the largest multinationals, vary in their reaction to pressures in the operating environment across a spectrum from reluctance to enthusiasm. At the right of this spectrum:
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companies seek to be proactive by anticipating demands and resolving problems before they arise
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The top management of a company sets the tone for the company's social goals.
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True
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Job descriptions that include sustainability duties encourage accountability.
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True
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When a company assesses its social impact on society, it has performed a(n):
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social audit.
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Cause-related marketing is a variant of strategic philanthropy in which charitable contributions are based on purchases of a service.
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False
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The standard that uses economic, environmental, and social performance indicators that are based on GRI standards is called the:
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triple bottom line
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There is no single formula for social responsibility that fits all companies.
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True
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Which of the following is a relevant categorization of stakeholders according to their orientation to the firm?
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Confrontational, neutral, or supportive
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Checkbook philanthropy is an active approach to philanthropy
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False
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The most effective assurance that information in a corporate sustainability report is correct is provided by independent, external auditors.
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True
