CH14 Organization management

What is the primary focus of Corporate Social Responsibility (CSR)?

• Maximizing shareholder profits

• Exceeding minimum legal obligations to stakeholders

• Minimizing environmental impact

• Reducing employee wages

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

• To provide fair wages to employees

• To engage in community service

• To increase profits while adhering to the rules

• To promote environmental sustainability

What does the term 'stakeholder' refer to?

• Government officials only

• Employees of the organization

• Any person with an interest in the activity of an organization

• Only shareholders of a company

What is corporate greening?

• A method of increasing profits

• A process of adopting green principles and practices

• A strategy for reducing employee turnover

• A way to enhance corporate branding

Which of the following is NOT a factor characterizing a green learning organization?

• Lifelong learning

• Building citizenship capabilities

• Maximizing short-term profits

• Fostering environmental literacy

What is 'green-washing'?

• Genuine environmental practices

• Operating in a way that appears green but is not

• A method of reducing waste

• A strategy for increasing employee engagement

What percentage of the top 1,000 companies have a code of conduct?

• 50%

• 78%

• 65%

• 90%

What is a common criticism of corporate codes of ethics?

• They can serve as ceremonial facades

• They are always effective

• They focus on employee benefits

• They are rarely implemented

What does the critical approach suggest about profits and ethics?

• Ethics should be prioritized over profits

• They are always compatible

• Profits are more important than ethics

• Ethics will inevitably suffer if profits are paramount

What is one of the challenges of managing ethics in organizations?

• Lack of interest from employees

• High employee turnover

• Overregulation by the government

• Balancing principles and profit