Business Ethics and Corporate Social Responsibility Quiz

What is the definition of Corporate Social Responsibility (CSR)?

• A business's initiatives regarding the community and environment

• A business's initiatives regarding profit maximization

• A business's initiatives regarding market dominance

• A business's initiatives regarding employee satisfaction

According to the shareholder concept, what is the only responsibility of business towards society?

• To minimize environmental impact

• To create shareholder wealth

• To provide social welfare programs

• To maximize employee satisfaction

What is the key argument for businesses focusing on meeting the needs of shareholders rather than wider societal needs?

• Opportunity cost of spending lots of time on CSR

• CSR stifles innovation and growth

• Businesses cannot decide what is in society's interest

• The only social responsibility of business is to create shareholder wealth

What is the key argument for businesses embracing CSR according to the stakeholder concept?

• It is the ethical thing to do

• Greater customer loyalty

• Necessary in order to avoid excessive regulation

• Potential for differentiation and using CSR as a USP

According to Carroll's CSR Pyramid, what is the responsibility of business to be profitable?

• Philanthropic

• Ethical

• Legal

• Economic

What is the responsibility of business to obey laws and other regulations according to Carroll's CSR Pyramid?

• Economic

• Philanthropic

• Ethical

• Legal

What is the responsibility to act morally and ethically correct according to Carroll's CSR Pyramid?

• Legal

• Philanthropic

• Economic

• Ethical

What is the responsibility to give back to society and do good according to Carroll's CSR Pyramid?

• Legal

• Economic

• Ethical

• Philanthropic

What can put pressure on businesses to behave in a socially responsible way?

• Investors

• Media coverage

• Government actions

• Consumer actions

What do pressure groups provide to emphasize conflicts with the community?

• All of the above

• Backing

• A way of voicing opinions

• Financial and legal expertise