IHRM10

Which of the following best defines Corporate Social Responsibility (CSR)?

• The legal obligations a corporation has to its shareholders.

• The economic impact a corporation has on the local community.

• The ethical and responsible conduct of a corporation towards its stakeholders.

• The marketing strategies employed by a corporation to promote its products.

Why is Corporate Social Responsibility (CSR) important for international HRM?

• It only helps attract and retain top talent.

• It enhances the efficiency of supply chain management.

• It ensures compliance with international labor laws.

• It reduces operational costs for multinational corporations.

What is the role of international HRM in promoting corporate social responsibility and sustainability?

• Developing and implementing policies and initiatives to ensure ethical conduct and compliance with labor standards.

• Maximizing profits for the corporation at any cost.

• Minimizing the role of employees in decision-making processes.

• Enforcing strict regulations and penalties on non-compliant employees.

How can international HRM contribute to responsible supply chain management?

• By increasing shareholder value through cost-cutting measures.

• By developing strong relationships with suppliers based on fair and ethical practices.

• By avoiding the integration of sustainable practices in the supply chain.

• By minimizing communication and transparency with suppliers.

What are the potential benefits of implementing CSR and sustainability practices in international HRM?

• Increased employee engagement and productivity

• Higher shareholder dividends and profits.

• Reduced legal and reputational risks.

• All of the above.

Which of the following is not an example of a stakeholder in the context of CSR and sustainability?

• Shareholders and investors.

• Employees and labor unions.

• Customers and suppliers.

• Competitors

What is not a challenge faced by international HRM in implementing CSR and sustainability practices across diverse cultural contexts?

• Varying legal and regulatory frameworks.

• Alignment with international labor standards.

• Language barriers and communication gaps.

• Differences in societal norms and values.

Which international framework provides guidelines for responsible business conduct and sustainability?

• United Nations Sustainable Development Goals (SDGs)

• International Monetary Fund (IMF) guidelines.

• World Health Organization (WHO) standards.

• Organization for Economic Co-operation and Development (OECD) principles.

What is the long-term benefit of incorporating CSR and sustainability practices in international HRM?

• Enhanced brand reputation and stakeholder trust.

• Immediate financial gains and increased profitability.

• Reduced emphasis on ethical decision-making.

• Limited scope for innovation and growth.

Why is stakeholder engagement important in CSR and sustainability initiatives?

• It allows companies to solely focus on shareholder interests.

• It provides an opportunity to showcase corporate philanthropy efforts.

• It fosters trust, transparency, and shared value creation among various stakeholders.

• It allows companies to avoid accountability for their actions.