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Multiple Choice Questions

1. Triple bottom line refers to an accounting tool that looks at the impact of business on people, planet and profits. 2. Stakeholder approach focuses on the idea that many different groups have a legitimate interest in a corporation beyond just shareholders. 3. Opportunities for social innovation are greatest when CSR is aligned with a firm's core skills and capabilities.

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100% found this document useful (10 votes)
6K views5 pages

Multiple Choice Questions

1. Triple bottom line refers to an accounting tool that looks at the impact of business on people, planet and profits. 2. Stakeholder approach focuses on the idea that many different groups have a legitimate interest in a corporation beyond just shareholders. 3. Opportunities for social innovation are greatest when CSR is aligned with a firm's core skills and capabilities.

Uploaded by

Mon Luffy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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1. What is triple bottom line?

a. An accounting tool that looks at the impact on people, planet and profits.
b. A management strategy which states all the attention should be on profits.
c. An accounting tool that looks at cost, profit and loss.
d. A management strategy which focuses on corporate social responsibility.

2. All definitions of Corporate Social Responsibility recognize that:


a. Companies have a responsibility for their impact on the society and environment
b. The natural environment should be the main focus of CSR activities
c. Business ethics a c complex issue.
d. Companies must pay equal attention to business ethic and sustainability
3. What is the main characteristic of stakeholder approach?
a. The idea that many different groups have a legitimate interest in the corporation
b.  It is a critical perspective on corporations and business.
c. A focus on social and environmental responsibilities of a corporation.
d. The assumption that shareholders are not the main stakeholders in the corporation
4. Opportunities for social innovation are greatest when
a. CSR is aligned with a firm's core skills and capabilities.
b. CSR spending of a firm is larger than that of its competitors.
c. CSR is pursued by a firm to improve its reputation.
d. CSR is pursued by a firm to enhance human capital.

5. Social required obligation is the obligation of a business to meet its ________.


a. social and legal responsibilities
b. economic and social responsibilities
c. social and economic responsibilities
d. economic and legal responsibilities
6. If a company was paying minimum wage when necessary and applying the minimum
legal standards to its employees work environment, it would be said to have fulfilled its
________.
a. social obligation
b. social responsibility
c. social responsiveness
d. social expectation
7. The ________ view of social responsibility holds that management's only social
responsibility is to maximize profits.
a. Socioeconomic
b. Classical
c. Sociocultural
d. Neoclassical
8. Under the concept of social required obligation, the organization does what is required by
the ________.
a. Society
b. Stakeholders
c. Environment
d. Law
9. The ________ view is that management's social responsibility goes beyond making
profits to include protecting and improving society's welfare.
a. Sociotechnical
b. Socioeconomic
c. Sociocultural
d. Sociopolitical
10. When a firm advertises that it only uses recycled paper products, it is ________.
a. meeting its social obligation
b. meeting its social screening requirements
c. being socially responsive
d. following ISO 9000 standards
11. Which CSR approach involves monetary donations to local nonprofit organizations?
a. Corporate philanthropy
b. CSV
c. None of the above
d. Fairtrade
12. In which era roots corporate social responsibility concept started flourishing?
a. Early 1970s
b. Late 1960s
c. Early 1950s
d. Late 1930s
13. What is not a growth factor for the CSR phenomenon?
a. Globalization
b. Knowledge
c. Sustainability
d. The failure of the private sector
14. What is sustainability?
a. When a company creates a product to solve a need for society and make a profit.
b. A product made of dependable material.
c. When a product sustains its profits
d. A product that is profitable and make consumers satisfy a need.
15. What is the 3P?
a. Profit-People-Planet
b. People-Profit-Plan
c. Profit-Problem-People
d. None of the above
16. Proponents of CSR highlight three advantages, which they refer to as a “triple bottom
line”. Which of the following is NOT one of these three advantages?
a. Economic
b. Environment
c. Competitive
d. Social
17. Which type of CSR includes securities regulations to labour law, environmental law and
criminal law?
a. Economic
b. Philanthropic
c. Legal
d. Ethical
18. Why, according to stakeholder theory, is it in companies’ best interests to pay attention to
their stakeholders?
a. It firms only act in their own self-interest, employees may feel exploited
b. If firms only act in their own self-interest, government might put more regulation
on them.
c. If firms only act in their own self-interest and inflict harm on stakeholders then
society might withdraw its support.
d. It firms only act in their own self-interest, customers might not like the image that
the company portray.
19. The …………. dimension of social responsibility refers to a business’s societal
contribution of time, money and other resources?
a. Philanthropic
b. Ethical
c. Volunteerism
d. Strategic
20. What is greenwashing?
a. Converting the company to green production methods
b. Convincing customers to buy ethically
c. Transforming products to be more ethical
d. Making a product appear more ethical that it really is.
21. What does Corporate social responsibility concerns with?
a. External stakeholder relationships
b. The behavior of individual managers
c. How an organization meets the expectations of its stakeholders
d. The ways in which an organization exceeds its minimum required obligations to
stakeholders.
22. The first step in auditing process should be to secure the commitment of
a. Top executives and directors
b. Stockholders
c. Employees
d. Customers
23. What enlists principles for responsible investment
a. PRI
b. GRI
c. OHSAS
d. SA 8000
24. What is the main purpose of corporate governance
a. To maximize shareholder value
b. To separate ownership and management control of organizations
c. To separate ownership and management control of organizations and the
requirements to increased accountability to stakeholder groups
d. To ensure that regulatory frameworks are adhered to
25. Corporate contributions for charitable and social responsibility purposes is called:
a. Corporate charity
b. Corporate philanthropy
c. Corporate donations
d. Corporate discretionary
26. Why do alternative organizations run differently from conventional shareholder led
approach?

a. They do not have shareholders.


b. They are run in non-hierarchical ways which aim to provide a positive impact on
society rather than to make profit.
c. They prioritise corporate social responsibility.
d. They aim to give money to charities and good causes.

27. What is the enlightened self-interest model of CSR?

a. That it is in an organization's own best interest to put itself first rather than its
ethics.
b. That it is in an organization's best interest to consider what a shareholder would
want.
c. That it is in an organization's own best interest to act in an ethical way.
d. That it is in an organization's own best interest to follow the legislation and abide
by the law.

28. The best way for a company to protect its brand is to

a. hire the best public relations firm it can afford.


b. integrate a CSR perspective throughout operations.
c. limit its advertising budget.
d. There is really no way a company can

29. IKEA faced negative publicity in its home country when it

a. included religious leaders in the catalog it distributed throughout Europe.


b. airbrushed women out of photos in the Saudi version of its catalog.
c. included women in photos in catalogs it distributed throughout the Middle East.
d. created a website highlighting the importance of

30. CSR serves as “brand insurance” by

a. enabling the firm to develop credibility among stakeholders.


b. creating a great public relations campaign to extol the firm’s CSR efforts.
c. enabling the firm to grow internationally.
d. expanding current products and services to

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