Ethics and Social Responsibility Quiz

What is corporate social responsibility?

• A. The relationship between business and society based on economics

• B. The act of balancing profit and growth with the good of society

• C. The responsibility of entrepreneurs to individuals

• D. The responsibility of entrepreneurs to the environment

What is the first responsibility of entrepreneurs to individuals?

• A. Providing a safe workplace

• B. Treating employees with respect

• C. Fulfilling financial obligations to investors and creditors

• D. Running the business to the best of their abilities

What are the four qualities that mark a responsible relationship with customers?

• A. Honesty, respect, accessibility, attention

• B. Transparency, trust, availability, focus

• C. Fairness, reliability, communication, satisfaction

• D. Responsiveness, efficiency, professionalism, loyalty

What are five ways a business can lower its expenses while helping the environment?

• A. Reduce paper usage, buy supplies in bulk, use energy-efficient light bulbs, recycle, use environmentally friendly transportation

• B. Use energy-efficient appliances, buy carbon offsets, practice greenwashing, use alternative energy sources, donate to nonprofit groups

• C. Implement sustainable design, use organic products, participate in cause-related marketing, invest in fair trade, support philanthropic initiatives

• D. Sponsor community events, make in-kind donations, volunteer time and resources, practice facilitated giving, support local service groups

What is philanthropy?

• A. The act of balancing profit and growth with the good of society

• B. The responsibility of entrepreneurs to individuals

• C. The responsibility of entrepreneurs to the environment

• D. The act of donating money and resources for socially beneficial causes

What is cause-related marketing?

• A. The act of balancing profit and growth with the good of society

• B. The responsibility of entrepreneurs to individuals

• C. The responsibility of entrepreneurs to the environment

• D. A partnership between a business and a nonprofit group for the benefit of both

What is one form of cause-related marketing?

• A. Sponsorship

• B. Facilitated giving

• C. Purchase-triggered donation

• D. Philanthropy

What is an in-kind donation?

• A. A donation of money to a nonprofit group

• B. A donation of property or services to a nonprofit group

• C. A donation of time and resources to a nonprofit group

• D. A donation of products or services to a nonprofit group

What is the benefit of volunteering for entrepreneurs?

• A. Building professional and personal relationships

• B. Taking a mental and physical break from business

• C. Gaining insight into community needs for business decisions

• D. All of the above

What is the term for entrepreneurs whose business is directly related to environmental responsibility?

• A. Ecopreneurs

• B. Philanthropreneurs

• C. Socialpreneurs

• D. Greenpreneurs