Corporate Social Responsibility Quiz

“To seriously consider the impact of the company's actions on society” is the definition of

• Corporate social responsibility

• maximizing profits.

• Corporate social responsiveness.

• Fiduciary obligations

Corporate social responsibility emphasizes

• obligation and accountability.

• action and activity.

• outcomes and results.

• socially responsible investing.

According to the Triple Bottom line perspective, for economic development to be sustainable, it must address these three important issues, except for:

• economic efficiency (innovation, profitability, productivity, waste reduction)

• social equity (poverty, community, health and wellness, human rights)

• environmental accountability

• K-12 Educational attainment

The first and primary argument for corporate social responsibility is

• it is a way to gain more power.

• business is best equipped to handle social problems.

• it is in business's long-range interest to be socially responsible.

• the free-market economic system has proven to be ineffective in dealing with social problems.

The action-oriented variant of CSR is called

• Corporate Social Responsiveness

• Corporate Social Responsibility

• Corporate Societal Responsibility

• Corporate Social Performance

An individual or group who has a claim, an interest, or a legal (or moral) right to an organization is a(n)

• stakeholder.

• stockholder.

• shareholder.

• owner.

What does a stakeholder orientation mean?

•  a. The organization’s aim is to build social capital through connections to other organizations.

• b. The organization’s aim is to maximize profits and return these profits to its owners.

• c. the organization’s aim is to comply with the law as well as societal norms.

• d. the organization’s aim is to benefit all parties affected by it.

If Corporate Social Responsibility emphasizes obligation and accountability, Corporate Social Performance emphasizes

• Results and outcomes

• Actions

• Promises

• Stakeholders’ rights

These are three arguments in favor of Corporate Social Responsibility, except for

• It ensures compliance

• It ensures public support

• It is part of the classic economic model

• Corporations should devote some of their resources to addressing social issues

Firms that begin their CSR initiatives as part of their founding and strategically carry them forward. Part of their mission is to bring social change or to reflect certain values as part of their organization’s character. These are called:

• Social enterprise

• Stakeholder management model

• Responsible shareholder organization

• Special interest groups