Question 1

Describe the current status of corporate social responsibility as an expectation for businesses.

Accepted Answer

Corporate social responsibility (CSR) ha...

Question 2

Corporate citizenship is an area of CSR that always involves____________.

Accepted Answer

A)   specific ways a company treats its employees
B)   a company's awareness of its broader social context
C)   a company's products that it produces
D)   a company's involvement in the government

Question 3

The normative case for CSR is now usually based on the____________of CSR.

Accepted Answer

A)   obligation
B)   permissibility
C)   legality
D)   cost

Question 4

CSR as a worldwide movement has over the years been____________.

Accepted Answer

A)   mainly manifested among medium-sized companies
B)   mostly confined to the United States
C)   increasingly come under criticism
D)   gaining increased acceptance D

Question 5

Friedman argued that social spending by corporations is a form of taxation on .

Accepted Answer

A)   the public
B)   the employees
C)   the shareholders
D)   the board of directors

Question 6

A company's ethical responsibilities____________.

Accepted Answer

A)   bring it in line with social norms
B)   are a subset of its legal responsibilities
C)   always directly advance its profit making
D)   are the same as its economic responsibilities

Question 7

Describe the different ways in which companies are motivated to be socially responsible.

Accepted Answer

There are several ways in which companie...

Question 8

CSR as exercised towards a company's employees may include____________.

Accepted Answer

A)   providing safe working facilities
B)   providing paid time off
C)   improving employees' quality of life
D)   abiding by minimum-wage laws

Question 9

According to the "classical view," companies____________.

Accepted Answer

A)   have a responsibility to their environment
B)   can promote CSR without sacrificing profitability
C)   are not essentially different from other types of organizations
D)   exist for reasons other than promoting social responsibility

Question 10

What was Friedman's argument against corporate social responsibility? What are its weaknesses?

Accepted Answer

Milton Friedman argued against corporate social responsibility by stating that the primary responsibility of a business is to maximize profits for its shareholders. He believed that businesses should focus solely on generating profits within the boundaries of the law and ethical custom, and that any other social or environmental concerns should be left to individuals or the government to address.

One weakness of Friedman's argument is that it overlooks the potential long-term benefits of corporate social responsibility. By prioritizing short-term profits over social and environmental concerns, businesses may be neglecting the impact of their actions on the community, environment, and even their own long-term sustainability. Additionally, ignoring social responsibility can lead to reputational damage and loss of consumer trust, which can ultimately affect a company's bottom line.

Furthermore, Friedman's argument assumes that businesses can operate independently of society and the environment, when in reality, they are deeply interconnected. Ignoring social and environmental responsibilities can lead to negative externalities that ultimately impact the business and its stakeholders.

Overall, while Friedman's argument emphasizes the importance of profitability, it fails to consider the broader impact and responsibilities of businesses in society.

Question 11

Friedman supported socially responsible corporate decisions as long as they .

Accepted Answer

A)   are not
B)   benefit society at large
C)   further a company's self-interest
D)   do not break the law C

Question 12

Companies that pursue CSR are most likely to gain a competitive advantage if its CSR efforts____________.

Accepted Answer

A)   target popular special-interest groups
B)   are integrated into a corporate strategy
C)   are pursued as frugally as possible
D)   involve as many employees as possible

Question 13

Milton Friedman argued that CSR_____________.

Accepted Answer

A)   is harmful to the community
B)   fails to serve the interests of company's stockholders
C)   is acceptable if carried out by the government
D)   would be a passing fad

Exam 12: Corporate Social Responsibility

Describe the current status of corporate social responsibility as an expectation for businesses.

Correct Answer
Answered by ExamLex AI
Corporate social responsibility (CSR) ha...
View Answer

Corporate citizenship is an area of CSR that always involves____________.

Correct Answer
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The normative case for CSR is now usually based on the____________of CSR.

Correct Answer
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CSR as a worldwide movement has over the years been____________.

Correct Answer
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D

Friedman argued that social spending by corporations is a form of taxation on .

Correct Answer
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A company's ethical responsibilities____________.

Correct Answer
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Describe the different ways in which companies are motivated to be socially responsible.

Correct Answer
Answered by ExamLex AI
There are several ways in which companie...
View Answer

CSR as exercised towards a company's employees may include____________.

Correct Answer
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According to the "classical view," companies____________.

Correct Answer
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What was Friedman's argument against corporate social responsibility? What are its weaknesses?

Friedman supported socially responsible corporate decisions as long as they .

Correct Answer
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C

Companies that pursue CSR are most likely to gain a competitive advantage if its CSR efforts____________.

Correct Answer
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Milton Friedman argued that CSR_____________.

Correct Answer
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Exam 12: Corporate Social Responsibility

Describe the current status of corporate social responsibility as an expectation for businesses.

Correct AnswerAnswered by ExamLex AICorporate social responsibility (CSR) ha...View AnswerShow Answer

Corporate citizenship is an area of CSR that always involves____________.

Correct AnswerverifiedShow Answer

The normative case for CSR is now usually based on the____________of CSR.

Correct AnswerverifiedShow Answer

CSR as a worldwide movement has over the years been____________.

Correct AnswerverifiedD

Friedman argued that social spending by corporations is a form of taxation on .

Correct AnswerverifiedShow Answer

A company's ethical responsibilities____________.

Correct AnswerverifiedShow Answer

Describe the different ways in which companies are motivated to be socially responsible.

Correct AnswerAnswered by ExamLex AIThere are several ways in which companie...View AnswerShow Answer

CSR as exercised towards a company's employees may include____________.

Correct AnswerverifiedShow Answer

According to the "classical view," companies____________.

Correct AnswerverifiedShow Answer

What was Friedman's argument against corporate social responsibility? What are its weaknesses?

Friedman supported socially responsible corporate decisions as long as they .

Correct AnswerverifiedC

Companies that pursue CSR are most likely to gain a competitive advantage if its CSR efforts____________.

Correct AnswerverifiedShow Answer

Milton Friedman argued that CSR_____________.

Correct AnswerverifiedShow Answer

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Answered by ExamLex AI
Corporate social responsibility (CSR) ha...
View Answer

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D

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Answered by ExamLex AI
There are several ways in which companie...
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C

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