tq4 ch01.06 CORPORATE SOCIAL RESPONSIBILITY

What does CSR stand for in the context of business?

• Company Sustainability Report

• Cost Saving Ratio

• Customer Satisfaction Ratio

• Corporate Social Responsibility

According to the text, what is the basis of CSR?

• Ethical values and respect for individuals, society, and the environment

• Maximizing profits at any cost

• Focusing only on shareholders

• Ignoring legal requirements

What is the social contract between a company and society based on?

• Ignoring ethical values

• Maximizing profits without any regard for society

• Avoiding any interaction with society

• Responsibility to use property and resources in a responsible way

What are the two key areas of responsibility for boards of companies?

• Employee satisfaction and community engagement

• General responsibilities and duties beyond general responsibilities

• Profit maximization and cost reduction

• Legal requirements and shareholder interests

Which aspect of CSR focuses on providing good working conditions and education to employees?

• Respecting basic human rights

• Sustaining the environment for future generations

• Treating employees fairly and with respect

• Operating in an ethical way

What does a company demonstrate by investing in local communities such as schools or hospitals?

• Ethical behavior towards employees

• Responsibility to the community

• Respect for basic human rights

• Sustainability for future generations

Which action is NOT part of sustaining the environment for future generations?

• Increasing the use of non-renewable energy resources

• Reducing pollution of air, land, or rivers and seas

• Recycling waste materials

• Developing a sustainable business

According to the text, who are the key stakeholders a company has responsibilities towards?

• Competitors and industry analysts

• Government agencies and regulatory bodies

• Only shareholders and employees

• Shareholders, employees, customers, suppliers, and society

What risk do companies face if they fail to respond to public concern about social and environmental issues?

• Increased market share and profitability

• Reputation risk and possible loss of sales and profits

• Positive public perception and brand loyalty

• Legal compliance and regulatory approval

What is the purpose of CSR reports according to the text?

• To inform key stakeholders about CSR policy objectives and achievements

• To focus solely on financial performance

• To hide information from the public

• To comply with legal requirements only