Corporate Social Responsibility

The form of business that limits the liability of individuals for the risks involved in business activities is known as ( ).

• corporation

• partnership

• joint proprietorship

• sole proprietorship

Legislators created a form of business called corporations because they thought that businesses could be more efficient in raising the capital necessary for producing goods, services, jobs, and wealth if ( ).

• multiple owners were involved in the strategic decision-making process of the firm.

• there was transparency among all stakeholders.

• firms had the obligation to justify bad decisions.

• individuals were protected by limiting the liability of individuals for business activities.

According to the economic model of corporate social responsibility, the sole duty of a business is to ( ).

• go beyond legal responsibilities to cater to the needs of the society.

• fulfill the economic functions that it was designed to serve.

• think beyond economic ends that have to be met to help the society.

• analyze the defects in society and design products to overcome these defects.

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

• It holds that a business should prioritize environmental sustainability.

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

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

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

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

• Social web model of corporate social responsibility

• Integrative model of corporate social responsibility

A narrow view of corporate social responsibility is expressed by the ( ).

• social web model of corporate social responsibility.

• integrative model of corporate social responsibility.

• economic model of corporate social responsibility.

• philanthropic model of corporate social responsibility.

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.

Corporate social responsibility refers to ( ).

• those things that businesses ought, or should, do, even if they would rather not.

• those measures that are taken against the ill treatment of subordinates in a firm.

• the avoidance of misconduct within an organization.

• the responsibility that society has to ensure a business's success.

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 ethical requirements is the type of responsibility established by the precedents of tort law?

• Duty to not cause avoidable harm to the society

• Duty to find employment for employees injured at work

• Duty to engage in charitable work

• Duty to volunteer for causes related to the environment