Untitled Quiz

According to the _____ to management, by recognizing stakeholders and not just shareholders, corporations must maintain a long-term perspective rather than simply delivering quarterly earnings numbers.

• social contract approach

• Kantian approach

• virtue approach

• instrumental approach

_____ corporate social responsibility (CSR) refers to the philanthropic approach to CSR in which organizations target programs that will generate the most positive publicity or goodwill for the organization but which runs the greatest risk of being perceived as self-serving behavior on the part of the organization.

• Altruistic

• Ethical

• Economic

• Strategic

Corporations that experiment with corporate social responsibility (CSR) initiatives run the risk of creating adverse results as:

• employees feel that they are working for an insincere, uncaring organization.

• the public sector is considered the best or most appropriate venue for addressing a growing list of social problems.

• customers feel ignored since the corporation focuses solely on helping the community.

• the organization sees the benefit of CSR but does not feel the need to develop the concept.

Organizations pursue operational efficiency through detailed monitoring of their _____, that is, how much money is left after all the bills have been paid from the revenue generated from the sale of their product or service.

• strategic policies

• bottom line

• employment remuneration

• financial resourcing

The policy of corporate social responsibility (CSR), where doing what's best for the customers translates into what's best for the company in the long run, exemplifies the _____.

• social contagion theory

• concept of doing well by doing good

• concept of the unity of opposites

• effective altruism theory

Why is it difficult for many organizations to make the transition from corporate social responsibility (CSR) as a theoretical concept to CSR as an operational policy?

• Corporations are aware of the disintegrative strategy that CSR can deploy and hence do not engage in its initiatives.

• Employees refuse to work with such initiatives as they do not get paid for it.

• Managers are unable to design initiatives that will benefit their company and the public.

• Delayed response in financial gains tests the commitment of those organizations that are inclined to dispense with experimental initiatives.

Which of the following, according to Joseph F. Keefe, is a major trend behind the phenomenon of corporate social responsibility (CSR)?

• Increased transparency of companies

• Increased nationalization

• Failure of the private sector

• Failure of globalization in corporations

According to Joseph F. Keefe, which of the following is a major trend behind the corporate social responsibility (CSR) phenomenon?

• Nationalization

• Globalization

• The failure of the private sector

• The failure of the industrial sector

The approach that considers a company's social, financial, and environmental impact rather than focusing solely on its financial impact is the _____ approach.

• corporate governance

• double bottom-line

• ethical governance

• triple bottom-line

According to Joseph F. Keefe, which of the following is true of the major trends behind the corporate social responsibility (CSR) phenomenon?

• Companies easily conceal whatever they do (good or ill) as it will not be known at all.

• Globalization represents a new stage of capitalist development, this time with public institutions in place to protect society by balancing private corporate interests against broader public interests.

• Corporations are under increasing pressure from diverse stakeholder constituencies to demonstrate that business plans and strategies are environmentally sound and contribute to sustainable development.

• In the United States and other developed nations, citizens have complete confidence in the public sector as the best and most appropriate venue for addressing a growing list of social problems.