Strategizing on Corporate Social Responsibility Flashcard-12

Front

From an institutional perspective, proactive activities are indicative of all the following EXCEPT: normative beliefs, cognitive beliefs, the desire to do the right thing, an absence of “window dressing.”

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an absence of “window dressing.”

Front

Which of the following statements comes closest to expressing the idea of CSR? The business of business is business. The social responsibility of business is to increase its profits. The purpose of a firm is to serve as a vehicle for coordinating stakeholder interests. If social welfare rather than profit maximization is the focus of firms, they will become socialist organizations.

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The purpose of a firm is to serve as a vehicle for coordinating stakeholder interests.

Front

There is agreement throughout society that:

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a negative possibility of overseas expansion is that it may cause loss of jobs in the home country.

Front

Which of the following is an accommodative CSR strategy? Options: Voluntarily go beyond what the regulations require, Resist imposition of what seems unreasonable, View CSR as worthwhile, Actively participate in CSR policy discussion

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View CSR as worthwhile

Front

When looking at CSR as a threat or opportunity, which of the following is NOT true? Energy-intensive and materials-intensive industries are more vulnerable to environmental scrutiny. Labor-intensive industries are more likely to be challenged on fair labor practice grounds. Some industries are immune from CSR. Not all industries are equal in terms of their exposure to CSR challenges.

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Some industries are immune from CSR.

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Which of the following statements sums up Michael Porter’s view on the importance of creating shared value?

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Creating shared value involves creating economic value in a way that also creates value for society by addressing its needs and challenges.

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An example of a primary stakeholder group is: the media, social activists, environmental groups, employees.

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employees.

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Because the operations of multinational enterprises can be bewilderingly complex, even before the goals of CSR are thrown in, firms looking for global sustainability must first:

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identify primary and secondary stakeholders.

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An example of a secondary stakeholder group is:

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social and environmental groups.

Front

The donations that firms make to social causes are referred to as what?

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Corporate philanthropy