Corporate Social Responsibility

What does CSR stand for?

• Corporate Strategy Review

• Corporate Social Responsibility

• Customer Service Requirement

• Community Service Recognition

What are the Three Bottom Lines?

• Profit, People, and Planet

• People, Process, and Technology

• Profit, Loss, and Equity

• Product, Price, and Promotion

What is the main purpose of Corporate Social Responsibility?

• To enhance society and the environment

• To expand the company's market share

• To increase the company's profit margin

• To reduce the cost of production

Which company is known for making conscious capitalism central to its strategy?

• Google

• Amazon

• Ben & Jerry's

• Microsoft

What does the concept of 'linked prosperity' suggest?

• Prosperity is limited to financial success

• Companies should focus solely on their profits

• Successful entities should work to improve the world

• Economic growth is disconnected from social progress

How can businesses contribute to environmental sustainability?

• By increasing production without regard to resource use

• By using non-renewable resources more extensively

• By implementing eco-friendly practices and reducing waste

• By focusing solely on profit maximization

Corporate Brand Value is

• a central belief that shapes the purpose and identity of an organization.

• how a company designs their logo.

• based upon how much customers like a brand.

• how much a brand is worth.

By practicing CSR, companies can be accountable to

• stakeholders

• public

• planet

• all of the above

Triple bottom line is a theory that states that instead of focusing on simply making profits, companies should also commit to focusing on

• increasing their company's size.

• social and environmental concerns.

• only hiring local employees.

• making the best possible product.

All of the items below are CSR actions EXCEPT

• Host a community service day for all workers

• Pay your employees a below average wage to save money

• Use fair trade practices

• Post on social media sharing the company’s commitment to the environment