Chapters 3 & 7 – Flashcards
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• Which of the following statements is true about corporate social responsibility
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o Businesses should monitor and prevent social problem in advance before their major issues
o Corporations should be accountable for any actions that affect people, their communities, and the environment
o Both A and C, not B
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• Which of the following companies is being the most socially responsible
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o Company trying its best to operate in a way which will help local students get education and jobs
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• Philanthropic funding and public relations are two examples of corporate social responsibility:
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o Policy Instruments of the Corporate Social Stewardship phase
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• Which of the following examples does not show a company guided by enlightened self-interest?
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o Company breaking past records by maximizing quarterly profits
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• When undertaking social initiatives, a company:
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o May sacrifice short-term profits
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• A company who complies with the laws and regulations set by the government is:
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o Meeting the minimum level of social responsibility expected by the public
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• Positive reputation can be valued as an intangible corporate:
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Asset
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• The costs of corporate social responsibility may ultimately be passed on to the:
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o Consumer through high prices
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• A social enterprise:
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Adopts social benefit as its core mission
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• When businesses bring products and services to the many people in the world who traditionally have been beyond the reach of global commerce, they are said to be:
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o Serving the bottom of the pyramid
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• Good corporate citizens:
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o Strive to conduct all business dealings in an ethical manner
o Make a concerned effort to balance the needs of all stakeholders
o Work to protect the environment
o All the Above
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• Some companies have created a department of corporate citizenship to:
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o Centralize under common leadership wide-ranging corporate citizenship functions
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• Managers responding to the needs of local education system as a normal or routine aspect of its operations is an example of an organization in the:
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o Transforming stage
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• There remain regional differences in the corporate citizenship challenges facing businesses due to:
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o Differences in attitudes, beliefs and culture
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• A systematic evaluation of an organization's social, ethical, and environmental performance is called a(n):
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Social Audit
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• Global audit social standards concentrate on:
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o Internally focused economic benefits for the firm
o Externally focused social benefits for the environment
o Externally focused social benefits
o All the Above
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• The emerging trend in gathering audit information directly from workers using their mobile phones is called:
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o Crowd sourcing
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• When a company decides to publicize information collected in a social audit, this is called:
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o Corporate social reporting
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• Which of the following is not a motivation for publishing a corporate social report?
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o Avoiding transparency
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• Companies see the need to build more coherent initiatives as they move into the:
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o Integrated stage
