Corporate Social Responsibility Quiz

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

• Maximizing shareholder profits

• Ensuring compliance with legal standards

• Balancing economic, legal, ethical, and philanthropic responsibilities

• Avoiding negative publicity

Which of the following is NOT one of Carroll’s four components of CSR?

• Economic Responsibility

• Environmental Responsibility

• Ethical Responsibility

• Philanthropic Responsibility

Which of the following is a key driver for businesses to adopt CSR?

• Employee demand for better salaries

• Consumer expectations and brand reputation

• Reduction in tax obligations

• Outsourcing of business processes

The Triple Bottom Line framework consists of which three elements?

• Profits, People, Planet

• Economy, Efficiency, Ethics

• Performance, Productivity, Policy

• Growth, Globalization, Governance

Which of the following is an example of a company engaging in CSR?

• Cutting employee benefits to increase profit margins

• Investing in renewable energy to reduce carbon footprint

• Reducing product quality to minimize production costs

• Lobbying against labor rights regulations

What is the primary role of the Board of Directors in corporate governance?

• Managing daily business operations

• Overseeing the management and ensuring accountability

• Determining employee salaries and benefits

• Handling customer complaints

Which legislation was enacted to improve corporate governance following major accounting scandals?

• Dodd-Frank Act

• Sarbanes-Oxley Act (SOX)

• Securities Act of 1933

• Basel III Framework

What is a “poison pill” in corporate governance?

• A strategy to increase executive salaries

• A takeover defense mechanism to make a company less attractive to hostile bidders

• A policy to enforce ethical business practices

• A legal requirement for CEO compensation disclosures

Which of the following is a key red flag that signals board governance problems?

• Increasing stock prices

• High CEO turnover

• Frequent restatement of earnings

• Expansion into new markets

What is the Business Judgment Rule in corporate governance?

• A rule that requires businesses to maximize shareholder value at all costs

• A legal principle that protects board members from liability if they act in good faith and in the company's best interest

• A requirement for companies to follow ethical business practices

• A law that mandates all companies to separate CEO and Chairman roles