corporate social responsibility

corporate social responsibility 1

kelum samarasena

Multiple Choice

1.Which of the following is the responsiveness strategy where the

corporation denies any responsibility for social issues?

• A Reaction

• B Defence

• C Accommodation

• D Proaction

Multiple Choice

2.Which of the following category would a shareholder be classified as?

• External stakeholder

• Connected stakeholder

• Internal stakeholder

• None of the above

Multiple Choice

4.Which of the following stakeholder has the expectation to take part in the decision making process?

• Employees

• Managers

• Community

• Trade unions

Multiple Choice

7.Which of the following stakeholders’ needs or expectations are correctly described?

(1) The community at large will not want their lives to be negatively impacted by

business decisions.

(2) Employees will want to take an active part in the decision making process.

(3) Shareholders’ will want dividends and capital growth and the continuation of the

business.

• (1) only

• (1) and (2) only

• (1) and (3) only

• All of the above

Multiple Choice

8.Which of the following matters within the social aspects of the G4 guidelines is correct

with regard to the sub category of human rights?

(1) Training and education.

(2) Marketing communications.

(3) Equal remuneration.

• (3) only

• (2) and (3) only

• None of the above

• (1) and (2) only

Multiple Choice

9.The Global Reporting Initiative (GRI) is an international independent organisation that helps businesses, governments and other organisations understand and communicate the impact of business on critical sustainability issues such as climate change, human rights, corruption and many others. GRI has produced The G4 Sustainability Reporting

Guidelines. Which of the following is not considered to be an environmental aspect of the guidelines?

• Transport

• Procurement practices

• Materials

• Products and services

Multiple Choice

10.Milton Friedman argues that “the business of business is business, its primary purpose is to try and earn a profit”. Which of the following statements supports this argument?

• It is a manager’s duty to act in a way that maximises shareholder wealth, while conforming to all relevant laws and customs

• Acting in a sustainable manner not only helps look after the environment and the wider community, but it strengthens the business and helps ensure its long term survival.

• A socially responsible business will be allowed to operate for longer in society. This will mean that there will be more years of cash flows in the future.

• A key part of running a successful business is the ability to offer customers and consumers what they need. One of those needs is often a requirement for socially responsible behaviour from the organisation.

Multiple Choice

11.Carroll suggested various strategies that could be employed by a company to respond to social pressure. Which of the following correctly lists these strategies?

(1) Accommodation, communication and commitment.

(2) Reaction, defence, accommodation and pro-action.

(3) Targeted growth, capital strategy, and efficiency.

• (3) only

• None of the above

• (2) only

• (1) only

Multiple Choice

12.Which of the following definitions of Corporate Social Responsibility produced by the

World Business Council for Sustainable Development (WBCSD) is the correct one?

• CSR should recognise the rights of stakeholders established by law or through mutual agreements and encourage active cooperation between corporations and stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprise

• CSR encompasses the economic, legal, ethical and philanthropic expectations placed on organisations by society at a given point in time.

• CSR is about capacity building for sustainable livelihoods. It respects cultural differences and finds the business opportunities in building the skills of employees, the community and the government.

• CSR is the continuous commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.

Multiple Choice

13. Which of the following are matters that are generally regarded as relating to Enlightened Self Interest?

(1) Corporations perceived as ethically sound are rewarded with extra customers.

(2) Employees are more attracted to work for, and are more committed to, socially responsible companies.

(3) Positive contribution to society may be a long term investment in a safer, better educated and more equitable community creating a more stable context in which to do business.

• All of the above

• None of the above

• (2) and (3) only

• (1) and (2) only

Multiple Choice

1.A stakeholder is a group or individual, who has an interest in what the organisation does,or an expectation of the organisation. There are three categories; internal, connected and external. Which of the following is an example of an external category of

stakeholder?

• Shareholders

• Finance providers

• Managers/Directors

• Government

Multiple Choice

3.Company has been colluding with a competitor to fix the price of its goods. According to Carroll’s model of CSR, this shows a lack of:

• Philanthropic responsibility

• Legal responsibility

• Ethical responsibility

• Economic responsibility

Multiple Choice

5.Which of the following is not an example of Carroll’s economic model of CSR?

• Customers to be able to obtain good quality products at a fair price.

• Sponsor the arts (e.g. Tate & Lyle sponsoring the Tate Gallery in London).

• Employees to be provided with safe and fairly paid jobs.

• Shareholders requiring a return on their investments.

Multiple Select

6. Which THREE of the following are included within Carroll’s four-part model of corporate social responsibility?

• Economic responsibility

• Ethical responsibility

• Legal responsibility

• Shareholder responsibility

• Stakeholder responsibility

Multiple Choice

H operates a successful bakery. He has recently started recycling all waste generated by his store in response to government legislation. At the request of a local charity, he has also started donating any leftover food at the end of each day to a shelter for the homeless.

According to Carroll, which ONE of the following philosophies best describes H’s actions?

• Accommodation

• Proaction

• Reaction

• Defence

Multiple Select

.Which THREE of the following are common arguments FOR organizations adopting a strong approach to corporate social responsibility (CSR)?

A Increased profitability due to short term cost reductions

• Faster strategic decision-making

• Improved reputation with environmentally conscious customers

• Ability to attract higher calibre staff

• Reduced chance of government intervention in the future

Multiple Select

9.Which TWO of the following statements regarding Corporate Social Responsibility (CSR), ethics and sustainability are correct?

• Management accountants have a responsibility to promote an ethical corporate

  culture.

• Sustainability refers to a firm’s obligation to maximize its positive impact on stakeholders while minimizing the negative effects.

• Sustainability and CSR will lead to cost savings, but only in the long-term.

• To be successful, the ethical tone within the organization needs to come from senior

  management.

Multiple Choice

Corporations perceived as ethically sound …………………………………………………………………….

• sell premium products

• tend to have higher costs

• .are rewarded with extra customers

Multiple Select

Fairtrade is associated with the respect of

• the environment

• local workers

• prices

• government

Multiple Choice

Which ethical position has been criticized as a source of “ethical imperialism”?

• individualism

• absolutism

• utilitarianism

• relativism

Multiple Choice

An organization that takes the lead in addressing emerging social issues is being __________ , showing the most progressive corporate social responsibility strategy.

• accommodative

• defensive

• proactive

• obstructionist

Multiple Choice

Under the __________ view of ethical behavior, a business owner would be considered ethical if she reduced a plant’s workforce by 10% in order to cut costs to keep the business from failing and thus save jobs for the other 90%.

• utilitarian

• individualism

• justice

• moral-rights

Multiple Choice

The main forms of social responsibility include:

• responsibility for the cleanliness of the environment

• responsibility to employees

• responsibility to consumers

• all answers are correct

Multiple Choice

The term "corporate social responsibility" means

• Social projects of companies

• Compliance with business obligations regarding taxes, job creation, environmental protection and profit accumulation

• The responsibility of the organization for the impact of its decisions and activities on society and the environment through transparent and ethical behavior