Corporate Social Responsibility

1. Which of the following best describes Corporate Social Responsibility (CSR)?

• A) A company's sole focus on maximizing profits.
• B) A business's responsibility to society and the environment.
• C) The practice of outsourcing jobs to lower-cost countries.
• D) A strategy to eliminate competition in the market.

2. According to the text, what does the "triple bottom line" concept emphasize?

• A) Profit, people, and political influence.
• B) Profit, people, and planet.
• C) Profit, product quality, and price.
• D) Profit, people, and competition.

3. Which of the following is NOT a category of Corporate Social Responsibility?

• A) Environmental Responsibility
• B) Ethical Responsibility
• C) Economic Responsibility
• D) Technological Responsibility

4. How might a company demonstrate ethical responsibility?

• A) By maximizing profits at all costs.
• B) By sourcing products according to free trade standards.
• C) By only donating to charities that align with its business.
• D) By investing solely in profitable ventures.

A business donated equipment to a homeless shelter what would that be called?

• Ethical Dilemma

• Corporate Philanthropy

• Sarbanes-Oxley Act

• Social Responsibility

What would be a job that is a Code of Ethics?

• Police

• Walmart

• Teacher

• Homeless Shelter

A person that reports their employer’s illegal or unethical behavior to either the authorities or the media is a...

• Whistle-Blowers

• Sarbanes-Oxley Act

• Stakeholders

• Planned obsolescence

Being committed to certain people or groups

• Responsibility
• Integrity
• Loyalty
• Honesty

Telling the truth

• Responsibility
• Loyalty
• Integrity
• Honesty

What are some types of CSR?

• Social

• Economic

• Philanthropic

• All of the above

Answer explanation

The correct answer is 'All of the above' because CSR includes social, economic, and philanthropic aspects.