Week 8 EBE

Which of the following best defines corporate social responsibility (CSR)?

• Maximizing shareholder profits

• Adhering to government regulations

• A company's commitment to manage its social, environmental, and economic effects responsibly

• Reducing operational costs

What is a key principle of business ethics?

• Prioritizing profit over all else

• Ensuring fair treatment of employees, customers, and competitors

• Implementing the cheapest operational methods

• Ignoring environmental concerns

Which of the following is an example of a CSR activity?

• Increasing executive salaries

• Reducing product quality to cut costs

• Implementing a recycling program within the company

• Outsourcing labour to reduce expenses

What is a potential benefit of CSR for a business?

• Decreased employee morale

• Increased regulatory scrutiny

• Enhanced brand reputation

• Higher short-term profits

Business ethics primarily focus on which of the following?

• Legal obligations only

• Moral principles and values guiding business conduct

• Cost-cutting measures

• Market competition

Which of the following is an example of a business acting ethically?

• Falsifying financial reports to attract investors

• Offering fair wages and safe working conditions to employees

• Avoiding environmental regulations to cut costs

• Discriminating against employees based on gender

What does the triple bottom line refer to?

• People, planet & profit

• People, pricing & production

• Promotion, Planet & People

• Product, Pricing & Promotion