WorksheetsCorporate Social Responsibility (CSR)
Total questions: 20
Worksheet time: 18mins
The early definition of corporate social responsibility was
maximizing profits
accomplishing the firm's social action goals.
seriously considering the impact of the company's actions on society.
that the corporation had not only economic and legal obligations, but also certain responsibilities to society which extended beyond those obligations.
Corporate social responsibility emphasizes
socially responsible investing.
obligation and accountability.
action and activity.
outcomes and results.
The classical view of economics holds that a society can best determine its needs and wants through
democracy.
government owned factors of production
the marketplace.
a centrally planned economy.
The concept of business responsibility based on using laws to constrain business behavior is referred to as the
stakeholder model.
socialist model.
legal model.
neoclassical economic model
The concept of business responsibility that is based on concern for the various groups that are affected by a business is known as the
legal model
stakeholder model
ethical model
neoclassical mode
Which of the following practices is not a modification of the classical economic model?
philanthropy
community obligations
owner model
paternalism
The most efficient use of corporate wealth to benefit the public is though contributions to charity and other worthy causes which is called ____.
taxation
philanthropy
paternalism
corporate welfare
The first and primary argument for corporate social responsibility is
it is a way to gain more power.
it is in business's long range interest to be socially responsible.
business is best equipped to handle social problems.
the free-market economic system has proven to be ineffective in dealing with social problems.
The relationship between corporate social performance and financial performance is viewed from three different perspectives. The perspective that views social responsibility as a "fair weather" concept
has been studied extensively.
views social responsibility as driven by the firm's financial performance.
is the most popular of the three perspectives.
sees an interactive relationship among social performance, financial performance, and corporate reputation.
The relationship between corporate social performance and financial performance is viewed from three different perspectives. The symbiotic view
states that financial performance determines social performance.
high social performance leads to improved financial performance.
is synonymous with the contingency view of Husted.
states that there is an interactive relationship among social performance, financial performance, and corporate reputation.
Benefits to companies of good corporate citizenship include all of the following except
improved employee relations
improved customer relations
improved business performance
fewer government regulations
The narrow view of corporate citizenship focuses solely on
ecological issues
employee relations
corporate community relations.
stakeholder management
The view of corporate citizenship that embraces all that is implied in the concepts of social responsibility, responsiveness, and performance is the ____ view
unlimited
broad
narrow
limited
Which of the following is not a characteristic of a socially responsible company?
makes products that are safe
makes above average financial returns
does not pollute air or water
recycles within the company
Carroll's corporate social performance model can be used in all of the ways listed below except
providing a conceptualization that could lead to better managed social performance.
providing answers to specific social problems.
using it as a planning tool.
identifying categories within which the organization can be situated.
Which of the following is not a dimension of Carroll's corporate social performance model?
social responsibility categories
funding sources
philosophy of social responsiveness
issues
The ____ argument against CSR focuses on the consequence of the requirement that business must internalize costs that it formerly passed on to society in the form of dirty air and unsafe products, the costs of which might necessitate raising prices.
Resources Available
Business not equipped
Dilutes Business purpose
Global Competitiveness
According to the Business Case for CSR, a reason companies are becoming more socially responsible is all of the following except
Access to capital
Increased revenue
Cost savings
Customer demand
Which of the following is not an argument commonly used in favor of corporate social responsibility?
Business is best equipped to handle social problems.
It is in the long range interest of business to be socially responsible.
Being socially responsible helps ward off government intervention and regulation.
Business has the resources to combat social problems.
All of the following are arguments commonly made against corporate social responsibility except
social problems should be addressed first by the free-market economic system, and then, if necessary, by government.
business is not equipped to handle social activities.
business already has enough power--it should not be given more.
business did not create today's social problems, so it should not be expected to solve them.
