Question 1

Milton Friedman asserted that there are five major trends behind the corporate social responsibility (CSR) phenomenon.
F. Keefe asserted that there are five major trends behind the corporate social responsibility (CSR) phenomenon.

Accepted Answer

A) True 
 B)False

Question 2

A true statement about corporate social responsibility (CSR)  initiatives is that they _____.

Accepted Answer

A)  have maximum efficiency when approached from a strict view of just profit maximization
B)  do not generate long-term financial gains to the organization
C)  do not always generate immediate financial gains to the organization
D)  have been easily transformed from being a theoretical concept to an operational concept

Question 3

Friedman's view of the corporate world supports the rights of individuals to make money with their investments.

Accepted Answer

A) True 
 B)False

Question 4

Why is it difficult for many organizations to make the transition from corporate social responsibility (CSR)  as a theoretical concept to CSR as an operational policy?

Accepted Answer

A)  Corporations are aware of the disintegrative strategy that CSR can deploy and hence do not engage in its initiatives.
B)  Employees refuse to work with such initiatives as they do not get paid for it.
C)  Managers are unable to design initiatives that will benefit their company and the public.
D)  Delayed response in financial gains tests the commitment of those organizations that are inclined to dispense with experimental initiatives.

Question 5

The _____ approach to corporate management refers to the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Accepted Answer

A)  social contract
B)  shareholder
C)  free-enterprise
D)  instrumental

Question 6

According to the _____ to management, by recognizing stakeholders and not just shareholders, corporations must maintain a long-term perspective rather than simply delivering quarterly earnings numbers.

Accepted Answer

A)  social contract approach
B)  Kantian approach
C)  virtue approach
D)  instrumental approach

Question 7

The practices of making a company's operations _____ to offset damage to the environment through their greenhouse gas emissions was initially developed as a solution for those industries that face significant challenges in reducing their emissions.

Accepted Answer

A)  focus on consumerism
B)  environmentally harmless
C)  backward integrated
D)  carbon neutral

Question 8

In addition to achieving social benefits, which of the following best illustrates an example of a company effectively implementing corporate social responsibility (CSR) ?

Accepted Answer

A)  It provides its employees with free lunch.
B)  It allows flexible working hours for its employees.
C)  It gives better pricing deals to older clients.
D)  It fulfills all its legal obligations.

Question 9

Corporations that experiment with corporate social responsibility (CSR)  initiatives run the risk of creating adverse results as:

Accepted Answer

A)  employees feel that they are working for an insincere, uncaring organization.
B)  the public sector is considered the best or most appropriate venue for addressing a growing list of social problems.
C)  customers feel ignored since the corporation focuses solely on helping the community.
D)  the organization sees the benefit of CSR but does not feel the need to develop the concept.

Question 10

The instrumental approach to corporate social responsibility (CSR)  states that:

Accepted Answer

A)  the only obligation of a corporation is to promote socialist economic planning.
B)  a corporation has an obligation to society over and above the expectations of its shareholders.
C)  the only obligation of a corporation is to maximize profits for its shareholders.
D)  a corporation has an obligation to the community and environment.

Question 11

The social contract approach to corporate management is the perspective that the only obligation of a corporation is to maximize profits for its shareholders in providing goods and services that meet the needs of its customers.

Accepted Answer

A) True 
 B)False

Question 12

The employees of Brennerz Inc. are encouraged to cycle to work every day to reduce environmental pollution. The given scenario exemplifies corporate ethics.

Accepted Answer

A) True 
 B)False

Question 13

Discuss the difference between ethical, altruistic, and strategic types of corporate social responsibility (CSR).

Accepted Answer

Ethical CSR pursues a clearly defined se...

Question 14

Depending on the actions taken by a corporation, some stakeholders will be positively affected and others will be negatively affected. Explain.

Accepted Answer

Corporations' actions impact their custo...

Question 15

_____ is one of the newest and increasingly questionable practices in the world of corporate social responsibility (CSR) .

Accepted Answer

A)  Risk management
B)  Water conservation
C)  Positive greenhouse approach
D)  Carbon neutral operations

Question 16

Which of the following companies implements Milton Friedman's view of the corporate world?

Accepted Answer

A)  A company that donates a certain portion of profit to an organization for underprivileged children
B)  A company that makes as much profit as possible to ensure that the investments made by the company are successful
C)  A company that stipulates that profits should be earned at any cost, be it deception or fraud
D)  A company that believes its social responsibility is beyond serving the interests of its stockholders

Question 17

The _____ approach to corporate social responsibility (CSR) argues that philanthropic initiatives are authorized without concern for the corporation's overall profitability.

Accepted Answer

The answer of The _____ approach to corporate social responsibility...

Question 18

Henry Ford II recognized the fact that corporations operate in an isolated environment.

Accepted Answer

A) True 
 B)False

Question 19

The instrumental approach to corporate management is the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Accepted Answer

A) True 
 B)False

Question 20

When organizations pursue a clearly defined sense of social conscience in managing their financial responsibilities to shareholders, their legal responsibilities to their local community and society as a whole, and their ethical responsibilities to do the right thing for all their stakeholders, they are following an _____ corporate social responsibility (CSR) initiative.

Accepted Answer

The answer of When organizations pursue a clearly defined sense...

Exam 4: Corporate Social Responsibility

The instrumental approach to corporate management is the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Correct Answer
verified

In addition to achieving social benefits, which of the following best illustrates an example of a company effectively implementing corporate social responsibility (CSR) ?

Correct Answer
verified

The _____ approach to corporate management refers to the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Correct Answer
verified

According to the _____ to management, by recognizing stakeholders and not just shareholders, corporations must maintain a long-term perspective rather than simply delivering quarterly earnings numbers.

Correct Answer
verified

Discuss the difference between ethical, altruistic, and strategic types of corporate social responsibility (CSR).

Correct Answer
verified
Ethical CSR pursues a clearly defined se...
View Answer

_____ is one of the newest and increasingly questionable practices in the world of corporate social responsibility (CSR) .

Correct Answer
verified

Depending on the actions taken by a corporation, some stakeholders will be positively affected and others will be negatively affected. Explain.

Correct Answer
verified
Corporations' actions impact their custo...
View Answer

A true statement about corporate social responsibility (CSR) initiatives is that they _____.

Correct Answer
verified

Friedman's view of the corporate world supports the rights of individuals to make money with their investments.

Correct Answer
verified

The _____ approach to corporate social responsibility (CSR) argues that philanthropic initiatives are authorized without concern for the corporation's overall profitability.

Correct Answer
verified

Corporations that experiment with corporate social responsibility (CSR) initiatives run the risk of creating adverse results as:

Correct Answer
verified

Henry Ford II recognized the fact that corporations operate in an isolated environment.

Correct Answer
verified

Correct Answer
verified

Why is it difficult for many organizations to make the transition from corporate social responsibility (CSR) as a theoretical concept to CSR as an operational policy?

Correct Answer
verified

The practices of making a company's operations _____ to offset damage to the environment through their greenhouse gas emissions was initially developed as a solution for those industries that face significant challenges in reducing their emissions.

Correct Answer
verified

Milton Friedman asserted that there are five major trends behind the corporate social responsibility (CSR) phenomenon. F. Keefe asserted that there are five major trends behind the corporate social responsibility (CSR) phenomenon.

Correct Answer
verified

The instrumental approach to corporate social responsibility (CSR) states that:

Correct Answer
verified

The social contract approach to corporate management is the perspective that the only obligation of a corporation is to maximize profits for its shareholders in providing goods and services that meet the needs of its customers.

Correct Answer
verified

Which of the following companies implements Milton Friedman's view of the corporate world?

Correct Answer
verified

The employees of Brennerz Inc. are encouraged to cycle to work every day to reduce environmental pollution. The given scenario exemplifies corporate ethics.

Correct Answer
verified

Exam 4: Corporate Social Responsibility

The instrumental approach to corporate management is the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Correct AnswerverifiedShow Answer

In addition to achieving social benefits, which of the following best illustrates an example of a company effectively implementing corporate social responsibility (CSR) ?

Correct AnswerverifiedShow Answer

The _____ approach to corporate management refers to the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

Correct AnswerverifiedShow Answer

According to the _____ to management, by recognizing stakeholders and not just shareholders, corporations must maintain a long-term perspective rather than simply delivering quarterly earnings numbers.

Correct AnswerverifiedShow Answer

Discuss the difference between ethical, altruistic, and strategic types of corporate social responsibility (CSR).

Correct AnswerverifiedEthical CSR pursues a clearly defined se...View AnswerShow Answer

_____ is one of the newest and increasingly questionable practices in the world of corporate social responsibility (CSR) .

Correct AnswerverifiedShow Answer

Depending on the actions taken by a corporation, some stakeholders will be positively affected and others will be negatively affected. Explain.

Correct AnswerverifiedCorporations' actions impact their custo...View AnswerShow Answer

A true statement about corporate social responsibility (CSR) initiatives is that they _____.

Correct AnswerverifiedShow Answer

Friedman's view of the corporate world supports the rights of individuals to make money with their investments.

Correct AnswerverifiedShow Answer

The _____ approach to corporate social responsibility (CSR) argues that philanthropic initiatives are authorized without concern for the corporation's overall profitability.

Correct AnswerverifiedShow Answer

Corporations that experiment with corporate social responsibility (CSR) initiatives run the risk of creating adverse results as:

Correct AnswerverifiedShow Answer

Henry Ford II recognized the fact that corporations operate in an isolated environment.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Why is it difficult for many organizations to make the transition from corporate social responsibility (CSR) as a theoretical concept to CSR as an operational policy?

Correct AnswerverifiedShow Answer

The practices of making a company's operations _____ to offset damage to the environment through their greenhouse gas emissions was initially developed as a solution for those industries that face significant challenges in reducing their emissions.

Correct AnswerverifiedShow Answer

Milton Friedman asserted that there are five major trends behind the corporate social responsibility (CSR) phenomenon. F. Keefe asserted that there are five major trends behind the corporate social responsibility (CSR) phenomenon.

Correct AnswerverifiedShow Answer

The instrumental approach to corporate social responsibility (CSR) states that:

Correct AnswerverifiedShow Answer

The social contract approach to corporate management is the perspective that the only obligation of a corporation is to maximize profits for its shareholders in providing goods and services that meet the needs of its customers.

Correct AnswerverifiedShow Answer

Which of the following companies implements Milton Friedman's view of the corporate world?

Correct AnswerverifiedShow Answer

The employees of Brennerz Inc. are encouraged to cycle to work every day to reduce environmental pollution. The given scenario exemplifies corporate ethics.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Ethical CSR pursues a clearly defined se...
View Answer

Correct Answer
verified

Correct Answer
verified
Corporations' actions impact their custo...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified