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Exam 7: Corporate Social Responsibility: The Concept

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Question 1

True/False

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Triple-E Bottom Line ensures that companies add economic value to society.

A) True
B) False

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Question 2

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Managerial discretion involves:

A) Latitude of action
B) Societal expectations
C) Resource dependence
D) Adherence to societal norms
E) External expectations

F) A) and D)
G) A) and C)

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Question 3

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On what grounds has the Triple-E bottom line been criticized?

Importers Are Us has endeavoured to be a good corporate citizen by providing support for community education within the countries from which they import product.This is an example of which component of social responsibility?

XYZ Corporation has adopted a Corporate Sustainability perspective that ensures the company follows government regulations and attends to charitable expectations placed on them by society.This is consistent with the ________ level of Corporate Sustainability and reflects the __________ view of Corporate Social Responsibility.

The VBA model incorporates five frameworks in common usage by academics and managers: corporate social responsibility (CSR),business ethics (BE),stakeholder management (SM),sustainability (SUS),and corporate citizenship (CC).

The argument against social responsibility is that it increases costs for the organization.

The amoral view of social responsibility focuses on the activities of the firm that already conform to usually accepted or established patterns of conduct.

The VBA model incorporates which of the following frameworks:

ABC Inc.is considering merging with XYZ Corporation and the new enterprise will be called Alphabet Inc.One of the conditions of the merger being negotiated is the implication of XYZ's very positive reputation with its stakeholder groups.Regarding the reputation of XYZ,the negotiators must consider that a good reputation _________________.

Explain the five levels of CS as identified by Marrewijk.

Those in opposition of the basic principles of corporate social responsibility argue that it is the government,and not the corporations,which holds jurisdiction over social policy.

Corporations and society are interwoven rather than distinct entities.

Kids Think Inc.has a long history of contributing to the local community in which it operates and has been recognized for its corporate volunteer program that places employees into local schools to promote literacy.Recently,the company has expanded its mandate to give financial and other forms of support to literacy programs in the developing world,even though they do not operate within those regions.Kids Think Inc.can be considered to be moving from a ______ citizenship model to a __________ citizenship model.

Which of the following statements is inconsistent with Milton Friedman's argument regarding the responsibility of a firm?

Corporate social responsibility (CSR) is the way that corporations achieve a balance between social,economic,and environmental responsibilities.

Corporations are legitimate because they have been granted power by society.

The expectations placed on business to improve the quality of life of stakeholders are consistent with the _______ dimension of Carroll's pyramid of social responsibility?

Business has an obligation as a social institution; society gives and can take away the power of business to operate or sanction it if it operates outside of societal expectations.This statement reflects the principle of ___________________.

Social impact assessment evaluates all of the following areas of business,except: