Chapter 7 - Ethics

Corporate Social Responsibility means seriously considering the impact of the company's action on society.

• Bauer

• Davis and Bloomstroom

• McGuire

• Epstein

"The idea of social responsibility supposes that the corporation has not only economic and legal obligations but also certain responsibilities to society which extend beyond obligations"

• Bauer

• Davis and Bloomstroom

• McGuire

• Epstein

He defined social responsibility as "the obligation of decision makers to take actions which protect and improve the welfare of the society as a whole along with their own interests.

• Bauer

• Davis and Bloomstroom

• McGuire

• Epstein

He maintains that corporate social responsibility is that which relates primarily to achieving outcomes from organizational decisions concerning specific issues or problems which have beneficial rather than adverse effects upon pertinent corporate stakeholders

• Bauer

• Davis and Bloomstroom

• McGuire

• Epstein

During the ancient times, people believe that businessmen and wealthy people should do business to the community as part of public or social service?

• The ancient and medieval period

• Period of Mercantilism

• The Industrial Revolution

• After the period of depression

After the onset of 1930s, the government, especially in progressive countries protected the welfare of the public against the abuses of businesses

• The ancient and medieval period

• Period of Mercantilism

• The Industrial Revolution

• After the period of depression

The time when machines when machines where introduced, thus contributing to improved production and business growth.

• The ancient and medieval period

• Period of Mercantilism

• The Industrial Revolution

• After the period of depression

The power of the catholic church as the most influential institution in Europe diminished at a politico-economic philosophy.

• The ancient and medieval period

• Period of Mercantilism

• The Industrial Revolution

• After the period of depression

Which phases of corporate social responsibility the characteristics "Management Must Maximize Profit" belongs?

• Profit maximizing management

• Trusteeship Management

• Quality of Life Management

• Ethical Management

Which phases of corporate social responsibility the characteristics "Security of basic goods and services was no longer a principal problem " belongs?

• Profit maximizing management

• Trusteeship Management

• Quality of Life Management

• Ethical Management