Strategizing on Corporate Social Responsibility Quiz-12

From an institutional perspective, proactive activities are indicative of all the following EXCEPT:

• normative beliefs.

• cognitive beliefs.

• the desire to do the right thing.

• an absence of “window dressing.”

Which of the following statements comes closest to expressing the idea of CSR?

• The business of business is business.

• The social responsibility of business is to increase its profits.

• The purpose of a firm is to serve as a vehicle for coordinating stakeholder interests.

• If social welfare rather than profit maximization is the focus of firms, they will become socialist organizations.

There is agreement throughout society that:

• overseas expansion is good because it helps improve standards of living around the world.

• a negative possibility of overseas expansion is that it may cause loss of jobs in the home country.

• firms should stick strictly to business within a country and not seek to impose their views of human rights on other countries that have different views.

• firms have a responsibility to do whatever is necessary to assure that the human rights that are respected in the home country are implemented in host countries.

Which of the following is an accommodative CSR strategy?

• Voluntarily go beyond what the regulations require

• Resist imposition of what seems unreasonable

• View CSR as worthwhile

• Actively participate in CSR policy discussion

When looking at CSR as a threat or opportunity, which of the following is NOT true?

• Energy-intensive and materials-intensive industries are more vulnerable to environmental scrutiny.

• Labor-intensive industries are more likely to be challenged on fair labor practice grounds.

• Some industries are immune from CSR.

• Not all industries are equal in terms of their exposure to CSR challenges.

Which of the following statements sums up Michael Porter’s view on the importance of creating shared value?

• Creating shared value involves creating economic value in a way that also creates value for society by addressing its needs and challenges.

• A free-market system that takes the pursuit of self-interest and profits as its guiding light may fail public interest completely.

• Shareholders are more important that stakeholders.

• The thorny issue is whether all stakeholders other than shareholders have an equal right to bargain for a “fair deal.”

An example of a primary stakeholder group is:

• the media.

• social activists.

• environmental groups.

• employees.

Because the operations of multinational enterprises can be bewilderingly complex, even before the goals of CSR are thrown in, firms looking for global sustainability must first:

• identify primary and secondary stakeholders.

• focus on the details rather than the big picture.

• drill down to make CSR drivers simple.

• prioritize its goals.

An example of a secondary stakeholder group is:

• social and environmental groups.

• suppliers.

• customers.

• governments.

The donations that firms make to social causes are referred to as what?

• Corporate philanthropy

• Accommodative strategy

• Global sustainability

• Social issue participation