Question 1

Explain why a business should seek to balance its economic,legal and social obligations.

Accepted Answer

A business should seek to balance its ec...

Question 2

Define and provide an example of a business practicing enlightened self-interest.

Accepted Answer

Enlightened self-interest is a business ...

Question 3

Why is the Grameen Bank in Bangladesh considered a social enterprise?

Accepted Answer

The Grameen Bank in Bangladesh is consid...

Question 4

Huge businesses can disproportionately influence politics,shape tastes,and dominate public discourse.

Accepted Answer

A) True 
 B)False

Question 5

Provide three arguments against corporate social responsibility.

Accepted Answer

1) Profit maximization: The primary goal...

Question 6

The iron law of responsibility says that:

Accepted Answer

A)   In the long run, those who do not use power responsibly will lose it.
B)   In the short run, sacrifice social goals for economic goals.
C)   Law is most important, more than social or economic responsibility.
D)   In the long run, economic responsibility leads to social responsibility.E) A) and D)
F) A) and B)

Question 7

The costs of corporate social responsibility may ultimately be passed on to the:

Accepted Answer

A)   Employees through fewer health benefits.
B)   Consumer through high prices.
C)   Investor through stock splits.
D)   Taxpayers by the government.E) C) and D)
F) A) and B)

Question 8

The concept of corporate social responsibility is rooted in the meaning "to pledge back," creating a commitment to give back to society and the organization's stakeholders.

Accepted Answer

A) True 
 B)False

Question 9

Corporate social responsibility (CSR) means that a corporation should:

Accepted Answer

A)   Always forgo profit for the sake of the environment.
B)   Be held accountable for any of its actions that affect people, their communities, and their environment.
C)   Abandon its other missions.
D)   Put social responsibilities ahead of economic or legal responsibilities.E) A) and B)
F) C) and D)

Question 10

Stakeholder partnerships,high-tech communication networks,and sustainability audits are examples of:

Accepted Answer

A)   Corporate social stewardship.
B)   Corporate social responsiveness.
C)   Corporate/Business Ethics.
D)   Corporate/Global Citizenship.E) A) and B)
F) None of the above

Question 11

Laws and regulations help create a level playing field for businesses that compete against one another.

Accepted Answer

A) True 
 B)False

Question 12

Scholars have found:

Accepted Answer

A)   No relationship between social and financial performance.
B)   A negative relationship between social and financial performance.
C)   An inverse relationship between social and financial performance.
D)   A positive association between social and financial performance.E) B) and C)
F) A) and D)

Question 13

Reason(s) for adopting an enlightened self-interest approach is(are) :

Accepted Answer

A)   Reasonable short-run costs are incurred, but socially responsible activities are promoted.
B)   The public's attitude toward the company is positive in the long run.
C)   The stockholders' pressures for short-run profits are satisfied.
D)   All of the above.E) A) and B)
F) None of the above

Question 14

Proponents against corporate social responsibility feel that public officials,not business people,should solve societal problems because:

Accepted Answer

A)   Business people do not have the skill-set to solve societal problems.
B)   The private sector is not mandated to solve these issues.
C)   Both A and
D)   None of the above.E) A) and B)
F) A) and D)

Question 15

Provide three arguments in favor of corporate social responsibility.

Accepted Answer

Corporate social responsibility (CSR) re...

Question 16

Modern corporations should be socially responsible because they:

Accepted Answer

A)   Are responsible to the stockholders of the company.
B)   Create jobs, influencing the lives of employees.
C)   Are highly profitable.
D)   Generate dividends for the company stockholders.E) A) and B)
F) All of the above

Question 17

One of the most appealing arguments in favor of corporate social responsibility for business supporters is that voluntary social acts may head off increased government regulation.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is an argument in favor of corporate social responsibility?

Accepted Answer

A)   Lowers economic efficiency and profit.
B)   Discourages government regulation.
C)   Places responsibility on business rather than individuals.
D)   Imposes unequal costs among competitors.E) A) and C)
F) None of the above

Question 19

This occurs when financial organizations provide loans to low-income clients or solidarity lending groups (a community of borrowers) who traditionally lacked access to banking or related services.

Accepted Answer

A)   Commercial banking.
B)   Macrofinancing.
C)   Microfinancing.
D)   Micro-entrepreneurship.E) B) and D)
F) A) and B)

Question 20

A social enterprise:

Accepted Answer

A)   Adopts social benefit as its core mission.
B)   Adopts profit maximization as its core mission.
C)   Can only be adopted by small firms.
D)   Does not use business strategies to improve environmental well-being.E) C) and D)
F) All of the above

Exam 3: The Corporations Social Responsibilities

Provide three arguments in favor of corporate social responsibility.

Correct AnswerAnswered by ExamLex AICorporate social responsibility (CSR) re...View AnswerShow Answer

The concept of corporate social responsibility is rooted in the meaning "to pledge back," creating a commitment to give back to society and the organization's stakeholders.

Correct AnswerverifiedShow Answer

A social enterprise:

Correct AnswerverifiedShow Answer

Scholars have found:

Correct AnswerverifiedShow Answer

Which of the following is an argument in favor of corporate social responsibility?

Correct AnswerverifiedShow Answer

Why is the Grameen Bank in Bangladesh considered a social enterprise?

Correct AnswerAnswered by ExamLex AIThe Grameen Bank in Bangladesh is consid...View AnswerShow Answer

The costs of corporate social responsibility may ultimately be passed on to the:

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Provide three arguments against corporate social responsibility.

Correct AnswerAnswered by ExamLex AI1) Profit maximization: The primary goal...View AnswerShow Answer

Define and provide an example of a business practicing enlightened self-interest.

Correct AnswerAnswered by ExamLex AIEnlightened self-interest is a business ...View AnswerShow Answer

Stakeholder partnerships,high-tech communication networks,and sustainability audits are examples of:

Correct AnswerverifiedShow Answer

The iron law of responsibility says that:

Correct AnswerverifiedShow Answer

Reason(s) for adopting an enlightened self-interest approach is(are) :

Correct AnswerverifiedShow Answer

Huge businesses can disproportionately influence politics,shape tastes,and dominate public discourse.

Correct AnswerverifiedShow Answer

Corporate social responsibility (CSR) means that a corporation should:

Correct AnswerverifiedShow Answer

Modern corporations should be socially responsible because they:

Correct AnswerverifiedShow Answer

Laws and regulations help create a level playing field for businesses that compete against one another.

Correct AnswerverifiedShow Answer

Proponents against corporate social responsibility feel that public officials,not business people,should solve societal problems because:

Correct AnswerverifiedShow Answer

Explain why a business should seek to balance its economic,legal and social obligations.

Correct AnswerAnswered by ExamLex AIA business should seek to balance its ec...View AnswerShow Answer

One of the most appealing arguments in favor of corporate social responsibility for business supporters is that voluntary social acts may head off increased government regulation.

Correct AnswerverifiedShow Answer

This occurs when financial organizations provide loans to low-income clients or solidarity lending groups (a community of borrowers) who traditionally lacked access to banking or related services.

Correct AnswerverifiedShow Answer

Correct Answer
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Corporate social responsibility (CSR) re...
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The Grameen Bank in Bangladesh is consid...
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1) Profit maximization: The primary goal...
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Enlightened self-interest is a business ...
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A business should seek to balance its ec...
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