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Terms in this set (15)Why are many critics skeptical of corporate social responsibility (CSR)? They claim is it unrelated to the primary goal of making profits What is a key difference between Archie B. Carroll's and S. Prakash Sethi's perspectives on corporate social responsibility (CSR)? Carroll argued that CSR is a continuum of responsibilities to society, while Sethi argued that CSR is a relative concept that changes over time Crazy Coffee Corporation decides to survey all of its employees on whether they feel they are making a livable wage. This situation is an example of which element of corporate social performance? Process The idea that corporations exist primarily for economic purposes is a key tenet of the ________ view. Classical According to the classical view, what can be deduced about the role of the government and its relationship to businesses? Government should be able to make demands and place limits on corporations
According to Friedman, a corporation is only obligated to serve the interests of one group. Who of the following exemplifies a member of this group? Martin, an investor who owns 500 shares of the corporation Which of the following is the core proposition for the business case for corporate social responsibility (CSR)? Being socially responsible is usually good business Which of the following is an example of a purely market demand for corporate social responsibility (CSR)? Consumers pressure a clothing distributor NOT to sell clothes made in a sweatshop How does the competitive advantage of corporate social responsibility (CSR) depend on the market for virtue? Social responsibility gives companies an advantage only if consumers value CSR enough to let it influence their buying decisions What principle of corporate social responsibility (CSR) should guide the design of a strategic CSR program? Both the company and society should benefit from the CSR program Which of the following is the strongest example of a strategic corporate social responsibility (CSR) program? Popsy-Cola is aware of the potential environmental impact of its water use. It trains its employees on responsible water use and management and sets a goal to improve the local water conditions around its factories. The company partners with Clean Water America and donates Popsy-Cola bottled water to impoverished areas. What is a key difference between financial reporting and social or ethical reporting? Social reporting is less precise and standardized than financial reporting What is true about social enterprises? They can be either nonprofit or for-profit What is a key similarity between nonprofit and for-profit social enterprises? They both must earn enough revenue to cover expenses Andrew is interested in starting a company that provides small loans to impoverished people so that they can start their own company. He finds some investors who are willing to provide equity capital. What advantage does Andrew's company gain by having outside investors? The capital can be used to innovate rapidly and effectively Students also viewedBusiness Ethics Chapter 14 Questions15 terms Austinlarry Multiple Choice Questions MGMT 487 Ch. 1114 terms AmyPlastow MGMT 487: CH1415 terms taryn_sciortino Management 487 Test 375 terms
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What are 4 examples of social responsibility?The four main types of corporate social responsibility are environmental responsibility, ethical responsibility, philanthropic responsibility, and economic responsibility. However, companies can also consider different forms of CSR; such as diversity, inclusion, wellbeing, and employee engagement.
What is an example corporate social responsibilities cite 1 example of Corporate Social Responsibility?Some ways that a company can embrace CSR include being environmentally friendly and eco-conscious; promoting equality, diversity, and inclusion in the workplace; treating employees with respect; giving back to the community; and ensuring business decisions are ethical.
Which of the following is true of Corporate Social Responsibility?Which of the following statements is true of corporate social responsibility (CSR)? It is demonstrated by companies that consider their relationship to the society in which they operate.
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Which of the following is an example of corporate social responsibility quizlet?
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