Corporate Social Responsibility
Quiz by brenz2016
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15 questions
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- Q1If the ideological or legal system whereby commercial activities are primarily regulated through private measures cannot solve social problems, then the responsibility to find solutions for these problems is to the government and not to the business sector.Competitive argumentCapability argumentSelf-interest ArgumentEconomic argument30s
- Q2Business leaders are trained in terms of finance, marketing, operations management but are not equipped to address complex social problems.Self-interest argumentCapability argumentCompetitive argumentEconomic argument30s
- Q3Businesses need to absorb costs of socially responsible actions and programs which will hurt their competitive position.Self-interest argumentCompetitive argumentCapability argumentEconomic argument30s
- Q4Which of the following expresses an argument in favor of Corporate Social Responsibility?Since businesses often contribute or create social problems, they also need to address or solve them.Addressing social issues need that businesses spend for the costs of socially responsible programs.The prime responsibility of business is to increase shareholder value within legal bounds but not to be responsible for society.Businesses are capable of producing quality goods and services but not capable of finding solutions to social problems.30s
- Q5There were corporate scandals which led the public to lose trust in government agencies to monitor and control corporation's unrestrained behavior of businesses so that consumers now expect more from organizations they buy from.dwindling government roleschanging social expectationspressure from investorscompetitive labor markets30s
- Q6Often, the lack of government resources render the regulators powerless over the ever-increasingly powerful business organizations in the delivery of social and environmental services and objects so that it seems there is a government disconnection or a regulation failure.GlobalizationCompetitive labor marketWealth and vulnerabilitiesDwindling government role30s
- Q7Job seekers also seek for companies with business philosophy that match their personal principles. When hired in a company whose practices do not demonstrate accountability for their employees, employees leave and transfer to other organizations who are more responsible.Pressure from InvestorsSupplier relationsCompetitive Labor MarketChanging social expectations30s
- Q8In developed countries, consumers can afford to be choosy about products they buy and corporations they buy from, but in less developed countries, consumers and government may be less stringent because inflows of investments are needed for the country's economy.Disclosure Demands by stakeholdersChanging social expectationsPressure from investorsWealth and vulnerabilities30s
- Q9Since communication is very different in the age of technology, consumers can be made more aware nowadays so that it is easy for campaign an issue worldwide. If consumers are informed about a wrongdoing of a company, they may initiate a boycott on certain company's products.GlobalizationChanging social expectationsDisclosure demands by stakeholdersSupplier relations30s
- Q10Businesses or consumers are setting standards for or prescribing conducts from their suppliers. For an example, Unilever does not allow distribution companies to cater to them if they engaged child labor in transporting Unilever products to different destinations.Supplier relationspressure from investorsPressure from investorsDisclosure demands by stakeholders30s
- Q11The needs of society can be met by the free-for-all interaction of individuals and business organizations. But for the ideals of the free market economy to be actualized, the marketplace participants must act honestly and fairly toward each other. This was the first realization of the need for Corporate Social Responsibility articulated in the classical economic model of business.18th century20th century19th century21st century30s
- Q12Industrial revolution brought about efficient production of goods and services so that workers earned more than before and large organizations became bigger. Bigger corporations became powerful and the founders/owners became rich and powerful out of which some became great philanthropists while the very companies they owned had unscrupulous business methods.20th century18th century21st century19th century30s
- Q13Big corporations were criticized for becoming too powerful and for their anti-competitive practices that as a result, laws and regulations were enacted to protect the rights of consumers, employees and society.18th century21st century19th century20th century45s
- Q14Corporate Social Responsibility is now recognized as an essential dimension of contemporary business practices.18th century21st century19th century20th century45s
- Q15Which of the following expresses an argument opposing Corporation Social Responsibility?Since most businesses contribute to or create social problems, it is just appropriate that they be involved in addressing these issues.It is proper to require business organizations to come up with programs that would assure a viable business in the future.The primary responsibility of business is to make profit within the bounds of law for its shareholders and not to solve social issues and environmental problems because those are responsibilities of the government.Big businesses have tremendous amount of resources which may be mobilized to create a difference in our society.45s