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15. In addition to achieving social benefits, which of the following best illustrates that a company is effectively implementing corporate social responsibility (CSR)?

• A. The company provides its employees free lunch

• B. The company allows flexible working hours for its employees

• C. The company gives better pricing deals to older clients

• D. The company fulfills its legal obligations

16. Which of the following is an example of corporate social responsibility?

• Brenner Enterprises gives its employees greater freedom in choosing projects.

• Dawson Inc. uses clean-fuel technology shuttle for employee conveyance.

• Larsen Inc. provides free lunch coupons to its employees.

9. According to Joseph F. Keefe, is a major trend behind the corporate social responsibility phenomenon.

• A. transparency

• B. nationalization

• C. failure of the private sector

• D. failure of the industrial sector

10. Layoffs reduce corporation costs and only affects the laid-off employees.

• TRUE

• FALSE

7. Corporate social responsibility assumes that the corporation:

• A. is operating in a competitive environment.

• B. is committed to follow a retrenchment strategy exclusively.

• C. is permitted to ignore federal and state legal obligations.

• D. is exclusively committed to a moderate growth strategy.

8. Which of the following illustrates a firm having a triple bottom-line (3BL) approach?

• A. Adbel Inc. issues free meal coupon to its employees.

• B. Brenerz Enterprises reduces its industrial waste by half and provides cab service for its employees.

• C. Brink-T Technologies donates ten percent of its profit to charity, reduces toxic emission from its

14. In _, organizations take a philanthropic approach by underwriting specific initiatives to give back to the company's local community or to designated national or international programs.

• A. altruistic CSR

• B. strategic CSR

• C. ethical CSR

• D. economic CSR

5. According to Milton Friedman, it would be unethical for a corporation to do anything other than deliver the profits for which its investors have entrusted it with their funds in the purchase of shares in the corporation. This illustrates the ....... to corporate social responsibility.

6. When organizations pursue a clearly defined sense of social conscience in managing their financial responsibilities to shareholders, their legal responsibilities to their local community and society as a whole, and their ethical responsibilities to do the right thing for all their stakeholders, they are following an ............. corporate social responsibility (CR) initiative.

19. Which of the following statements is true of the social contract approach to corporate management?

• A. The primary focus of the old social contract laid emphasis on equal advancement in the quality of life and economic growth.

• B. The modern social contract approach argues that there is an obligation for the corporation to meet the demands of the society rather than just the demands of a targeted group of customers.

• C. The consequences of the modern social contract approach to corporate management is growth at the expense of rising costs, wages growing at a lower rate than inflation, and so on.

• D. The main focus of the old social contract was to maintain a longer-term perspective than just the delivery of quarterly earnings numbers.