Ethical Business

Which of the following best describes corporate social responsibility?

• It refers to the dedication that employees show in meeting organizational goals.

• It refers to the accountability that a manager has over his subordinates.

• It refers to the actions for which a business can be held accountable.

• It refers to the actions that maximize the profit of an organization.

Which of the following is true about the economic model of CSR?

• It holds that social goals should be at the heart of a firm's mission.

• It contends that the goal of business managers should be to pursue profit within the law.

• It has its roots in the Kantian tradition of ethics.

• It holds that a business should prioritize environmental sustainability.

Which of the following models of corporate social responsibility holds pursuit of profit as the sole duty of a business?

• Economic model of corporate social responsibility

• Philanthropic model of corporate social responsibility

• Philanthropic model of corporate social responsibility

• Integrative model of corporate social responsibility

Which of the following is the most demanding social responsibility?

• A business should prevent harm even in those cases where it is not the cause.

• A business should volunteer for society or environment-friendly work.

• A business should engage in charitable work for the development of the society.

• A business should not sell a product that causes harm to consumers.

Which of the following statements is true about the philanthropic model of corporate social responsibility?

• This model holds that business has no strict obligation to contribute to social causes, but it can be a good thing when they do so.

• This model views business as a citizen of the society in which it operates and, like all members of a society, business must conform to the normal ethical duties and obligations.

• This model begins with the recognition that every business decision affects a wide variety of people, benefiting some and imposing costs on others.

• This model holds that a firm's financial goals must be balanced against, and perhaps even overridden by, environmental considerations.

According to the philanthropic model of corporate social responsibility, business_____ ethical obligations to serve wider social goods.

• must

• has no

In the philanthropic model of CSR, situations where a business supports a social cause for the purpose of receiving a business benefit in return are not much different from:

• the stakeholder theory of CSR.

• the integrative model of CSR.

• the economic model of CSR.

• the sustainability theory of CSR.

The philanthropic model in which business support for a social cause is done because it is the right thing to do differs from the reputational version only in terms of the:

• level of social good done.

• underlying motivation.

• reach of the social good done.

• medium used.

Which of the following models of corporate social responsibility considers business a citizen of the society that it operates in?

• Economic model

• Social web model

• Philanthropic model

• Altruistic model

According to the philosopher Norman Bowie, the contractual duty that managers have to stockholder-owners:

• makes them focus on philanthropy.

• makes them feel obliged to perform social good and prevent harm to the society.

• leads them to take environment-conscious managerial decisions.

• overrides their responsibility to prevent harm or to do good.