Social Responsibility Quiz

What does social responsibility define?

• Individuals and businesses taking responsibility for society and the environment

• Focusing solely on economic growth

• Maximizing profit at any cost

• Ignoring societal impact for personal gain

What are the four types of social responsibility?

• Local, national, global, and universal

• Financial, environmental, social, and political

• Economic, legal, philanthropic, and ethical

• Individual, organizational, governmental, and international

What is the importance of Corporate Social Responsibility (CSR)?

• Creating goodwill, enhancing brand value, reducing operation costs, etc.

• Maximizing short-term profits at any cost

• Ignoring societal welfare for economic growth

• Focusing solely on philanthropic activities

How can CSR benefit a company in terms of marketing and advertising?

• Consumers trust socially responsible companies

• It results in decreased brand value

• It leads to increased competition and reduced trust

• It has no impact on consumer behavior

What are some disadvantages of CSR?

• Enhanced goodwill, long-term profit, operational efficiency

• No impact on product cost, profit, or operations

• Decreased cost of products, long-term profit impact, operational flexibility

• Increased cost of products, short-term profit impact, operational constraints

What is the main focus of social responsibility theory?

• Focusing solely on economic growth

• Ignoring societal impact for personal gain

• Maximizing profit without regard for society

• Giving back to society and contributing to its betterment

How does CSR help in maintaining a balance between economic growth and social welfare?

• By avoiding any social responsibility

• By ignoring societal welfare for economic growth

• By solely focusing on profit generation

• By creating goodwill, enhancing brand value, and reducing operation costs

What is the significance of developing an emotional connection with people through CSR?

• Having no impact on customer relationships

• Reducing brand value

• Increasing the customer base

• Decreasing customer loyalty

How can CSR help in relieving poverty?

• Enhancing compensation, ensuring economic stability, creating more jobs

• Increasing poverty levels

• Reducing compensation, destabilizing the economy, decreasing job opportunities

• Having no impact on poverty alleviation

When does Corporate Social Responsibility (CSR) occur?

• When companies ignore societal welfare

• When companies solely focus on profit generation

• When companies avoid any social responsibility

• When companies and business organizations engage in social responsibility