Corporate Social Responsibility Quiz

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

• Minimizing environmental impact

• Maximizing shareholder profits

• Reducing operational costs

• Contributing to societal well-being

According to Barnett (2007), CSR consists of what?

• Community service

• Charitable donations

• Employee benefits

• Specific firm investments

What is the 'Narrow view' of CSR?

• Engaging in community development

• Addressing the needs of various stakeholders

• Focusing on environmental sustainability

• Maximizing shareholder value within legal boundaries

Who is associated with the Stakeholder Theory?

• R. Edward Freeman

• John Maynard Keynes

• Milton Friedman

• Adam Smith

What is a common misconception about CSR among companies?

• It guarantees customer loyalty

• It is only for large corporations

• It is a legal requirement

• It increases operational costs

What does the 'Let Government Do It' argument state?

• CSR is a waste of resources

• Governments are better equipped to address societal issues

• Companies should focus solely on profits

• Businesses should lead social initiatives

What is the main criticism of businesses handling social responsibilities?

• They do not care about the community

• They are too focused on profits

• They lack expertise and accountability

• They have too much power

What is the definition of CSR according to Mohr, Webb, and Harris (2001)?

• Minimizing harmful effects on society

• Maximizing profits for shareholders

• Focusing on employee satisfaction

• Engaging in charitable activities