WorksheetsMGT 202 Quiz 1
Total questions: 10
Worksheet time: 5mins
Which of the following best describes the primary reason for the existence of corporations?
To maximize shareholder value only
To engage in philanthropy and charity
To create value for stakeholders while ensuring long-term sustainability
To comply with legal and regulatory requirements
What is the key characteristic of the Philippine Revised Corporation Code of 2019 regarding incorporators?
A corporation must have at least five incorporators
There is no minimum number of incorporators
Incorporators must be residents of the Philippines
A corporation's lifespan is limited to 50 years
According to Carroll's (1991) CSR model, which of the following is NOT considered a dimension of corporate social responsibility?
Economic
Legal
Strategic
Philanthropic
Which of the following is NOT a primary driver of corporate social responsibility (CSR)?
Regulation
Market behavior
Profit maximization
Social activism
Milton Friedman (1970) argued that the sole responsibility of corporations is to:
Ensure ethical conduct within business operations
Maximize profits for shareholders
Create shared value among all stakeholders
Promote sustainable development initiatives
Which of the following is the most significant barrier to effective CSR implementation?
Employee engagement
Availability of financial resources
Collaboration with stakeholders
Alignment with company strategy
In the context of stakeholder theory, which of the following best defines a stakeholder?
Only individuals who own shares in the corporation
Any individual or group affected by corporate activities
Only government entities regulating the corporation
Competitors within the same industry
Which of the following best explains the strategic importance of CSR?
It is a separate function unrelated to the company's core business
It primarily involves charitable donations to improve public image
It integrates stakeholder needs into business strategy for long-term value creation
It focuses on compliance with environmental laws only
Which element is NOT typically included in a strategic CSR framework?
Core Values
Stakeholder Analysis
Compliance with labor laws only
Employee Engagement
According to the Balanced Scorecard framework, CSR success is measured by:
Financial performance alone
Customer satisfaction, employee well-being, and environmental impact
The volume of corporate donations
The number of CSR projects initiated annually
