Question 1

When a company publishes the results of a social audit they are meeting the demands of local governments' taxation policies.

Accepted Answer

A) True 
 B)False

Question 2

One of the most appealing arguments in favor of corporate social responsibility for business supporters is that voluntary social acts may head off increased government regulation.

Accepted Answer

A) True 
 B)False  True

Question 3

Philanthropic funding and public relations are two examples of corporate social responsibility:

Accepted Answer

A)   Drivers of the Corporate Social Responsiveness phase.
B)   Policy instruments of the Corporate Social Stewardship phase.
C)   Policy instruments of the Corporate Social Responsiveness phase.
D)   Drivers of the Charity Principle phase.

Question 4

Corporate citizenship refers to a set of beliefs stating that socially responsible behavior is a good idea.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following companies is being the most socially responsible?

Accepted Answer

A)   A company trying its best to operate in a way which will help local students get education and jobs.
B)   A company halting its production of toxic gases after it discovered that people objected to this practice and threatened legal action.
C)   A company trying to maximize its profits and then contributing to an environmental protection fund.
D)   A company changing its product design to comply with regulatory mandates.

Question 6

When undertaking social initiatives,a company:

Accepted Answer

A)   Must take out social responsibility insurance.
B)   Will always receive long-term profits.
C)   May sacrifice short-term profits.
D)   Risks going bankrupt in nearly all cases.

Question 7

Provide three arguments against corporate social responsibility.

Accepted Answer

1) Profit maximization: The primary goal...

Question 8

The costs of corporate social responsibility may ultimately be passed on to the:

Accepted Answer

A)   Supplier through discounts.
B)   Consumer through high prices.
C)   Investor through stock splits.
D)   Taxpayers by the government.

Question 9

According to Barlow v.A.P. Smith Manufacturing:

Accepted Answer

A)   The laws prohibited charitable contributions, at that time.
B)   Charitable contributions were bad corporate investments for the short term.
C)   Socially responsible actions must be approved by a majority of the firm's stakeholders.
D)   Socially responsible actions are an investment in the future, thus an allowable expense.

Question 10

Huge businesses can disproportionately influence politics,shape tastes,and dominate public discourse.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is an argument against corporate social responsibility?

Accepted Answer

A)   Requires skills businesses may lack.
B)   Creates an imbalance between corporate power and its economic responsibility.
C)   Improves business value and reputation.
D)   A majority of stockholders are against it.

Question 12

An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called:

Accepted Answer

A)   Balanced Corporation.
B)   B Lab.
C)   B Corporation.
D)   CSR Corporation.

Question 13

Being socially responsible means that a company must abandon its other missions.

Accepted Answer

A) True 
 B)False

Question 14

Corporate power refers to:

Accepted Answer

A)   The capability of competitors to influence legislation, trade, and the stock market, based on their organizational resources.
B)   The capability of politicians to influence corporations, employees, and unions, based on their organizational resources.
C)   The capability of corporations to influence government, the economy, and society, based on their organizational resources.
D)   The capability of CEOs to influence product development, employee morale, and currency indices, based on their organizational resources. C

Question 15

The most significant motivator of corporate social reporting is:

Accepted Answer

A)   Government reporting requirements.
B)   Ethical concerns.
C)   Financial concerns.
D)   Employee demand.

Question 16

The concept of corporate social responsibility is rooted in the meaning "to pledge back," creating a commitment to give back to society and the organization's stakeholders.

Accepted Answer

A) True 
 B)False

Question 17

Modern corporations should be socially responsible because they:

Accepted Answer

A)   Are responsible to the stockholders of the company.
B)   Create jobs, influencing the lives of employees.
C)   Are highly profitable.
D)   Generate dividends for the company stockholders.

Question 18

The iron law of responsibility says that:

Accepted Answer

A)   In the long run, those who do not use power responsibly will lose it.
B)   In the short run, sacrifice social goals for economic goals.
C)   Law is most important, more than social or economic responsibility.
D)   In the long run, economic responsibility leads to social responsibility.

Question 19

Proponents against corporate social responsibility feel that public officials,not business people,should solve societal problems because:

Accepted Answer

A)   Business people do not have the skill-set to solve societal problems.
B)   The private sector is not mandated to solve these issues.
C)   Both A and B
D)   None of the above.

Question 20

The issue of reactive management policies occurs in which stage of global corporate citizenship?

Accepted Answer

A)   Transforming.
B)   Engaged.
C)   Integrated.
D)   Innovative. B

Exam 3: Corporate Social Responsibility and Citizenship

When a company publishes the results of a social audit they are meeting the demands of local governments' taxation policies.

Correct AnswerverifiedShow Answer

One of the most appealing arguments in favor of corporate social responsibility for business supporters is that voluntary social acts may head off increased government regulation.

Correct AnswerverifiedTrue

Philanthropic funding and public relations are two examples of corporate social responsibility:

Correct AnswerverifiedShow Answer

Corporate citizenship refers to a set of beliefs stating that socially responsible behavior is a good idea.

Correct AnswerverifiedShow Answer

Which of the following companies is being the most socially responsible?

Correct AnswerverifiedShow Answer

When undertaking social initiatives,a company:

Correct AnswerverifiedShow Answer

Provide three arguments against corporate social responsibility.

Correct AnswerAnswered by ExamLex AI1) Profit maximization: The primary goal...View AnswerShow Answer

The costs of corporate social responsibility may ultimately be passed on to the:

Correct AnswerverifiedShow Answer

According to Barlow v.A.P. Smith Manufacturing:

Correct AnswerverifiedShow Answer

Huge businesses can disproportionately influence politics,shape tastes,and dominate public discourse.

Correct AnswerverifiedShow Answer

Which of the following is an argument against corporate social responsibility?

Correct AnswerverifiedShow Answer

An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called:

Correct AnswerverifiedShow Answer

Being socially responsible means that a company must abandon its other missions.

Correct AnswerverifiedShow Answer

Corporate power refers to:

Correct AnswerverifiedC

The most significant motivator of corporate social reporting is:

Correct AnswerverifiedShow Answer

The concept of corporate social responsibility is rooted in the meaning "to pledge back," creating a commitment to give back to society and the organization's stakeholders.

Correct AnswerverifiedShow Answer

Modern corporations should be socially responsible because they:

Correct AnswerverifiedShow Answer

The iron law of responsibility says that:

Correct AnswerverifiedShow Answer

Proponents against corporate social responsibility feel that public officials,not business people,should solve societal problems because:

Correct AnswerverifiedShow Answer

The issue of reactive management policies occurs in which stage of global corporate citizenship?

Correct AnswerverifiedB

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True

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Answered by ExamLex AI
1) Profit maximization: The primary goal...
View Answer

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C

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B