Unit 15

What does corporate social responsibility refer to?

• Maximizing profitability at all costs

• Contributing positively to the community

• Avoiding any involvement in social issues

• Focusing solely on internal operations

Tags

Understanding word meanings

What do ethical issues in business encompass?

• Fair labor practices and honest marketing strategies

• Cutting corners and deceiving customers

• Exploiting workers and misleading advertisements

• Unfair competition and aggressive sales tactics

Tags

Understanding word meanings

What are some initiatives involved in corporate social responsibility?

• Supporting local charities

• Reducing carbon footprint

• Promoting diversity and inclusion

• Increasing profits

Tags

Main ideas and supporting details

What are businesses expected to understand in terms of their social responsibilities and ethical obligations?

• The impact of their actions on society and the environment

• The latest market trends

• Their competitors' strategies

• Their employees' personal lives

Tags

Main ideas and supporting details

How can social responsibility and ethical behavior impact a company's reputation and long-term success?

• By decreasing customer loyalty

• By increasing employee turnover

• By enhancing the company's reputation and long-term success

• By reducing profitability

Tags

Understanding word meanings

"Corporate Social Responsibility (CSR) offers numerous benefits to companies, society, and the environment."

• True

• False

"corporations that exaggerate or misstate the impact of their environmental actions or promote products as being “eco-friendly” when in fact they’re not"

• Business' goal

• Corporate responsibility

• Ethical behaviour

• Greenwashing

Which is not Benefit of CSR?

• Improve Stakeholder relations

• Maximize profit

• Increase Employee engagement

• Contribute to Sustainable Development

"Corporations actions that exaggerate or misstate the impact of their environmental actions or promote products as being “eco-friendly” when in fact they’re not"

• Business' goal

• Corporate responsibility

• Ethical standards

• Greenwashing

Which of the following is NOT a common area of focus for CSR initiatives?

• Community development

• Product quality improvement

• Environmental sustainability

• Ethical labor practices