11 Business Studies: Term 1 (Chapters 1 - 4)

CSR focuses only on profit and environmental issues.

• True

• False

A business has a primary responsibility towards the government.

• True

• False

Blowfield and Murray suggest that all businesses have a legal responsibility to the broader society.

• True

• False

The government has a law that specifically states that businesses must be involved in CSR.

• True

• False

The media is classified as a stakeholder for a business like Pick n Pay Clothing.

• True

• False

Transparency is when only positive information about CSR initiatives are communicated to stakeholders.

• True

• False

Suppliers are considered shareholders of a business like Pick n Pay Clothing.

• True

• False

The Triple Bottom Line is also termed Integrated Reporting.

• True

• False

Select the correct answer/s: CSR issues include...

• crime

• poverty

• inequality

• unemployment

Obstacles which protential newcomers would encounter when entering a market are called:

• Economies of scale

• Switching costs

• Mobility barriers

• Barriers to entry