MGT CH 7 – Flashcards
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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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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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A company earns its "license to operate" through filing its proper legal documents.
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False
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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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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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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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Corporate citizenship partnerships can exist between companies and stakeholders in other countries.
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True
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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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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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Triple bottom line reporting requires that a firm report financial data.
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True
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When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called:
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C) Global Corporate Citizenship.
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According to a survey conducted by The Economist in 2008, how many respondents say corporate citizenship can help increase their companies' profits?
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C) 74%
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Good corporate citizens:
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D) All of the above A. Strive to conduct all business dealings in an ethical manner. B. Make a concerned effort to balance the needs of all stakeholders. C. Work to protect the environment.
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Global corporate citizenship is more than espoused values, it requires:
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A) Action
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Some companies have created a department of corporate citizenship to:
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C) Centralize under common leadership wide-ranging corporate citizenship functions.
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BSR (formerly Business for Social Responsibility) helps its 300 member companies:
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D) Develop sustainable business strategies.
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Asian Forum on Corporate Social Responsibility gives awards for excellence in:
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D) All of the Above A. Environmental management. B. Education. C. Poverty alleviation.
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This inter-American organization (North and South America) was created to unite organizations focusing on corporate social responsibility from Canada to Chile.
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C) Forum Empresa.
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According to Philip H. Mirvis' and Bradley K. Googins' model, how many stages are there of global corporate citizenship?
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B) Five
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Once a company enters the innovative stage of corporate citizenship, it will:
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A) Begin reporting its efforts to stakeholders.
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Companies see the need to build more coherent initiatives as they move into the:
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B) Integrated stage.
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Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of an organization in the:
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C) Transforming stage
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The Ronald McDonald House charity, operated by McDonald's has been criticized for:
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B) Diverting attention away from the company's contributions to the nation's obesity epidemic.
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There remain regional differences in the corporate citizenship challenges facing businesses due to:
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B) 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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D) Social audit.
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According to the scholar Simon Zadek six benefits of social audits include all of the following except.
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D) Outperforming competitors financially in a businesses' industry.
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Which of the following organizations have developed standards to judge corporate performance?
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A) International Organisation for Standards
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The major focus of ISO 14001 is to:
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C) Support environmental management standards.
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The United Nations Global Compact is funded by:
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B) Voluntary government and foundation contributions.
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Global audit social standards concentrate on:
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D) All of the Above A. Internally focused economic benefits for the firm. B. Externally focused social benefits for the environment. C. Externally focused social benefits for key stakeholders.
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This Switzerland-based pharmaceutical firm was an early adopter of the Global Compact and used it to update its code of conduct.
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A) Novartis.
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The Universal Declaration of Human Rights states that each person:
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C) Has the right to a standard of living adequate for the health and well-being of himself and of his family.
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The emerging trend in gathering audit information directly from workers using their mobile phones is called:
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B) 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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C) Corporate social reporting.
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A 2011 survey of business firms by KPMG found:
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D) A & C, but not B A. A steep increase in corporate social reporting. C. A majority of firms using the Global Reporting Initiative.
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Which of the following is not a motivation for publishing a corporate social report?
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D) Avoiding transparency.
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Financial, social and environmental results are reported together in a firm's:
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C) Triple bottom line report.
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Sanford Limited, a small fishing company in New Zealand, made the following commitment(s) in its first triple bottom line report released in 2007:
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B) To maximize positive social outcomes and economic growth and prosperity.
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Triple bottom line disclosure is primarily driven by:
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A) Noneconomic drivers.
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