GOVBUS Practice Test

CSR stands for Corporate Social Reputation.

• True

• False

Good governance practices ensure that companies operate transparently and accountably.

• True

• False

Companies that prioritize good governance and CSR practices are less likely to attract and retain customers, investors, and employees.

• True

• False

CSR initiatives are optional and peripheral to a company's operations.

• True

• False

Companies can ensure the effectiveness of their governance and CSR practices by ignoring feedback from stakeholders.

• True

• False

Which of the following best describes the relationship between governance and CSR?

• They are two separate and unrelated concepts.

• They are both optional practices that companies can choose to adopt or ignore.

• They are closely interconnected, with good governance practices supporting CSR initiatives.

• They are important for non-profit organizations, but not for for-profit companies.

Which of the following is a benefit of adopting good governance and CSR practices?

• Attracting and retaining negative publicity

• Increasing the likelihood of regulatory penalties

• Building a positive reputation and brand image

• Losing customers and investors

Which of the following is an example of a CSR initiative that companies can undertake?

• Using unethical labor practices to reduce costs

• Ignoring environmental concerns to maximize profits

• Investing in social and environmental causes

• Promoting discrimination and exclusion

Which of the following is NOT a way that companies can ensure the effectiveness of their governance and CSR practices?

• Regularly monitoring and evaluating their practices

• Engaging with stakeholders

• Reporting on their performance

• Ignoring feedback from stakeholders

Which of the following is NOT a benefit of adopting good governance and CSR practices in the business world?

• Mitigating risks

• Complying with regulations

• Reducing employee engagement

• Creating shared value