CG 7

What does the iron law of responsibility refer to?

• The benefits of philanthropic activities

• The importance of corporate social responsibility

• The consequences of not using power responsibly

• The positive consequences of using power responsibly

According to the Brundtland Report, what is sustainability?

• Development that focuses solely on the needs of future generations

• Development that meets the needs of the present without compromising the ability of future generations to meet their own needs

• Development that compromises the ability of future generations to meet their own needs

• Development that meets the needs of the present without considering future generations

What are the five levels of attainment in the CSR competency framework?

• Entry-level, Mid-level, Senior-level, Executive, Director

• Awareness, Understanding, Application, Integration, Leadership

• Novice, Apprentice, Journeyman, Expert, Master

• Basic, Intermediate, Advanced, Expert, Master

What are some CSR priorities today?

• Human rights, Employee rights, Environmental protection, Community involvement

• Profit maximization, Market dominance, Cost reduction, Competition

• Product innovation, Marketing strategies, Sales promotions, Customer service

• Economic growth, Legal compliance, Ethical practices, Philanthropic activities

What is the role of the board in a company according to the text?

• To focus on short-term profit only

• To ignore the impact of policies on people

• To be accountable and consider the impact of strategies and policies

• To prioritize the interests of shareholders over other stakeholders

What are some examples of states' recognition for sustainable development?

• Promoting industrial waste, Disregarding wildlife protection, Supporting unsustainable practices, Neglecting renewable energy

• Establishing fishing quotas, Requiring companies to avoid polluting groundwater, Controlling forestry products, Protecting rain forests

• Encouraging overfishing, Allowing deforestation, Disregarding climate change, Promoting pollution

• Reducing environmental regulations, Encouraging pollution, Exploiting natural resources, Ignoring climate change

What are some of the core characteristics in the CSR competency framework?

• Avoiding regulations, Disregarding ethics, Neglecting communities, Focusing on short-term gains

• Maximizing profits, Minimizing costs, Exploiting resources, Ignoring stakeholders

• Understanding society, Building capacity, Questioning 'business as usual', Stakeholder relations

• Strategic view, Harnessing diversity, Philanthropic activities, Employment of children

What are some claimed benefits of CSR policies and reports?

• Improved innovation and response to stakeholders' expectations

• Limited strategic thinking at top management level

• Reduced attractiveness to employees

• Decreased brand recognition and reputation