Corporate Social Responsibility Quiz

Which THREE of the following are common arguments FOR organisations adopting a strong approach to corporate social responsibility (CSR)?

• Increased profitability due to short term cost reductions

• Faster strategic decision-making

• Improved reputation with environmentally conscious customers

• Ability to attract higher calibre staff

• Reduced chance of government intervention in the future

Which TWO of the following statements regarding Corporate Social Responsibility (CSR), ethics and sustainability are correct?

• To be successful, the ethical tone within the organisation needs to come from senior management.

• Sustainability refers to a firm's obligation to maximise its positive impact on stakeholders while minimising the negative effects.

• Management accountants have a responsibility to promote an ethical corporate culture.

• Sustainability and CSR will lead to cost savings, but only in the long-term.

operates a successful bakery. He has recently started recycling all waste generated by his

store in response to government legislation. At the request of a local charity, he has also

started donating any leftover food at the end of each day to a shelter for the homeless.According to Carroll, which ONE of the following philosophies best describes H's actions?

• Accommodation

• Proaction

• Reaction

• Defence

Which THREE of the following are included within Carroll's four-part model of corporate social responsibility?

• Stakeholder responsibility

• Shareholder responsibility

• Legal responsibility

• Ethical responsibility

• Economic responsibility

Which of the following are matters that are generally regarded as relating to Enlightened Self Interest?

• (1) Corporations perceived as ethically sound are rewarded with extra customers.

• (2) Employees are more attracted to work for, and are more committed to, socially responsible companies.

• (3) Positive contribution to society may be a long term investment in a safer, better educated and more equitable community creating a more stable context in which to do business.