Corporate Social Responsibility Quiz

What is the primary responsibility of the executive according to Edward Freeman?

• Focus on social goals over financial goals

• Create as much value for stakeholders as possible

• Maximize profits for stockholders only

• Ignore stakeholder interests

According to Milton Friedman, what is the one and only social responsibility of business?

• Promote environmental sustainability

• Prioritize employee well-being

• Serve the community at any cost

• Maximize profits within legal boundaries

What is the main challenge in stakeholder theory?

• Identifying stakeholders and their interests

• Balancing stakeholder interests

• Maximizing shareholder profits

• Complying with legal regulations

What is the purpose of Benefit Corporations?

• Pursue social and environmental goals alongside financial goals

• Achieve general benefits without social responsibility

• Focus solely on social goals

• Maximize profits at all costs

In the Economic Model of CSR, what is the main social responsibility of business according to Milton Friedman?

• Maximize profits ethically

• Serve the community

• Engage in philanthropy

• Follow government regulations

What is the Utilitarian Defense in the Critical Assessment of the Economic Model focused on?

• Balancing stakeholder interests

• Prioritizing government regulations

• Ensuring ethical consequences

• Maximizing shareholder wealth

How does the Stakeholder Model of CSR view stockholders?

• As secondary stakeholders

• As primary decision-makers

• As investors with limited liability

• As owners with absolute rights

What is the main advantage of Benefit Corporations?

• Protecting social mission over profits

• Prioritizing profits over social goals

• Attracting socially irresponsible investors

• Avoiding legal responsibilities

According to Norman Bowie, what constrains the pursuit of profit?

• Competition in the market

• Ethical duty to cause no harm

• Social media pressure

• Legal regulations

What is the main focus of the Strategic Model of CSR?

• Serving social goals alongside financial goals

• Maximizing shareholder wealth

• Ignoring social responsibilities

• Minimizing environmental impact