Unit 1 Business Management - Corporate Social Responsibility

Corporate Social Responsibility is

• managing a business in such a way that the broader community including owners, and the environment are taken into account when making business decisions.

• managing a business in such a way that the broader community including the employees, competitors, customers and suppliers are taken into account when making business decisions

• managing a business in such a way that the broader community including the owners and employees are taken into consideration when making business decisions

• managing a business in such a way that the broader community, including employees, customers, suppliers and the environment, is taken into consideration when making business decisions

TBL stands for

• triple back line

• triple base line

• triple bottom line

• triple bottom length

CSR stands for

• corporate socialite responsibility

• corporate social responsible

• co-operative social responsibility

• corporate social responsibility

How many sections are incorporated in Triple Bottom Line

• 2

• 4

• 1

• 3

Which section is not included in TBL?

• Physical

• Economic

• Social

• Environmental

Which is not a way a business can be socially responsible?

• drawing on the skills of employees

• avoiding conflicts of interest

• becoming involved in the community

• paying employees correctly

Dealing with suppliers who operate workplaces that are free from exploitation is a socially responsible approach

• False

• True

Packaging and marketing a product in a way that ensures the quality of the product is maintained is not a socially responsible approach to CSR.

• False

• True