MGMT 3211 Chapter 7 – Flashcards
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A company earns its "license to operate" through filing its proper legal documents.
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False
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According to The Economist, corporate citizenship is becoming increasingly important for the long-term health of companies.
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True
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An emerging trend in corporate reporting is the integration of legally required financial information with social and environmental information into a single report.
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True
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Companies whose citizenship profile best matches public expectations are least likely to benefit from strategic investments in corporate citizenship.
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False
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Corporate citizenship partnerships can exist between companies and stakeholders in other countries.
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True
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Corporate citizenship primarily focuses on a firm's social activities.
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False
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Global corporate citizenship activities help companies create legitimacy, reputation, and competitive advantage.
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True
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Global corporate citizenship refers to putting an organization's commitment to social and environmental responsibility into practice locally.
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False
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If a company acknowledges the need to build more coherent initiatives, it is in the innovative stage of becoming a corporate citizen.
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False
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In the first stage of corporate citizenship, the elementary stage, managers are uninterested and uninvolved with social issues.
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True
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Robert Civita, chairman and CEO of the Brazilian Abril Group, has defined global corporate citizenship as "socialism with a conscience."
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False
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Social audits look at what an organization does, not at the results of the actions.
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False
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The basis for corporate citizenship does not rely on the generosity of a firm's senior management or their awareness of their role as trustees of the public's interests.
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True
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There is no single universally accepted method for designing a CSR management structure.
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True
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Triple bottom line reporting requires that a firm report financial data.
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True
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auditing process
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systems used by a business to ensure compliance with an industry or global set of standards
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citizenship profile
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choosing a configuration of citizenship activities that fits the setting in which the company is working
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corporate social reporting
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the public reporting of information collected by the organization or another party during a social audit
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department of corporate citizenship
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a department created in a business to centralize under common leadership wide-ranging corporate citizenship functions
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global corporate citizenship
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refers to putting an organization's commitment to social and environmental responsibility into practice worldwide
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social audit
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a systematic evaluation of an organization's social, ethical, and environmental performace
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social equity
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determined by assessing the company's social benefits and costs, as revealed by a social performance audit
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transparency
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clear public reporting of an organization's performance to various stakeholders
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triple bottom line
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the measurement of an organization on the basis of its economic results, environmental impact, and contribution to social well-being
