WorksheetsQuiz Chapter 5 – Social Responsibility
Total questions: 10
Worksheet time: 5mins
Social obligation occurs when a company takes social action because of:
Community demands
Legal and economic obligations
Political interests
Individual manager's desires
The classical view of social responsibility states that the main goal of management is:
To improve community welfare
To contribute to education
To maximize profits for shareholders
To protect the environment
The socio-economic view emphasizes that companies do not only seek profit, but also:
To maintain the law
To protect and enhance community welfare
To reduce business competition
To prioritize wealthy customers
An example of the socio-economic view is:
Companies only pay taxes according to regulations
Companies donate part of their profits for educational scholarships
Companies reduce employees for efficiency
Companies only focus on exports
Social responsiveness occurs when a company:
Follows the applicable laws
Responds to popular social needs with real actions
Prioritizes short-term profits
Ignores social pressures
An example of social responsiveness is:
Selling products at market prices
Providing leave according to government regulations
Providing childcare facilities in the office for employees
Paying higher dividends
Social responsibility is defined as:
Responsibility only to employees
The company's intention to do the right thing that benefits society, beyond legal and economic obligations
The company's efforts to reduce production costs
Focusing on long-term profits
A company categorized as socially responsible is one that:
Only pays taxes on time
Uses environmentally friendly practices even if they are more expensive
Reduces the number of employees for efficiency
Focuses on increasing shareholder dividends
One of the arguments supporting social responsibility is:
It can reduce the company's profits
It provides a positive public image
It reduces the focus on the main business
It requires high costs
One of the arguments against social responsibility is:
It helps the environment become better
It reduces government regulations
It adds costs that reduce profits
It attracts more customers
