Corporate Social Responsibility

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Questions Bank

Ethics and Business
Ethical Decision Making: Personal and Professional Contexts
Philosophical Ethics and Business
The Corporate Culture-Impact and Implications
Corporate Social Responsibility
Ethical Decision Making: Employer Responsibilities and Employee Rights
Ethical Decision Making: Technology and Privacy in the Workplace
Ethics and Marketing
Business and Environmental Sustainability
Ethical Decision Making: Corporate Governance, Accounting, and Finance

All Questions

Question 1

Free

True/False

Legislators created a form of business called corporations to encourage people to engage in business activities.

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True

False

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Question 2

Free

True/False

The economic model of corporate social responsibility holds that businesses should integrate social goals and economic goals.

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True

False

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Question 3

Free

True/False

Volunteering and charitable work are examples of the most demanding responsibility.

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True

False

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Question 4

Free

True/False

The philanthropic model holds that business has no strict obligation to contribute to social causes.

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True

False

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Question 5

Free

True/False

Socially responsible activities are never done for building the reputation of a firm within the philanthropy model.

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True

False

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Question 6

True/False

The social web model views business as a citizen of the society and, like all members of a society, business must conform to the normal ethical duties and obligations that we all face.

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True

False

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Question 7

True/False

Stakeholder theory recognizes the fact that every business decision affects a wide variety of people, benefiting some and imposing costs on others.

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True

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Question 8

True/False

Philosopher Norman Bowie identifies his approach as a "Kantian" theory of business ethics.

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True

False

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Question 9

True/False

Stakeholder theory directly contradicts the social web model.

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True

False

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Question 10

True/False

Stakeholder theory states that a firm should be managed for the sole benefit of stockholders.

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True

False

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Question 11

True/False

The sustainability version of corporate social responsibility suggests that the long-term financial well-being of every firm is directly tied to questions of how the firm both affects and is affected by the natural environment.

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True

False

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Question 12

True/False

A firm that is environmentally unsustainable is also a firm that is, in the long-term, financially unsustainable.

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True

False

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Question 13

True/False

Reputation management refers to the practice of caring for the "image" of a firm.

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True

False

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Question 14

True/False

"Enlightened self-interest" presumes that good ethics is also good business.

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True

False

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Question 15

True/False

According to David Vogel, investing in CSR when consumers are not willing to pay higher prices to support that investment improves the profit levels of the firm.

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True

False

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Question 16

Multiple Choice

The form of business that limits the liability of individuals for the risks involved in business activities is known as ____ .

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corporation

partnership

joint proprietorship

sole proprietorship

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Question 17

Multiple Choice

Legislators created a form of business called corporations because they thought that businesses could be more efficient in raising the capital necessary for producing goods, services, jobs, and wealth if:

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multiple owners were involved in the strategic decision making process of the firm.

there was transparency among all stakeholders.

firms had the obligation to justify bad decisions.

individuals were protected by limiting the liability of individuals for business activities.

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Question 18

Multiple Choice

According to the economic model of corporate social responsibility, the sole duty of a business is to:

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go beyond legal responsibilities to cater to the needs of the society.

fulfill the economic functions that it was designed to serve.

think beyond economic ends that have to be met to help the society.

analyze the defects in society and design products to overcome these defects.

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Question 19

Multiple Choice

Which of the following is true about the economic model of CSR?

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It holds that a business should prioritize environmental sustainability.

It has its roots in the Kantian tradition of ethics.

It contends that the goal of business managers should be to pursue profit within the law.

It holds that social goals should be at the heart of a firm's mission.

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Question 20

Multiple Choice

Milton Friedman claims that a corporate executive has a "responsibility to conduct business in accordance with his or her employer's desires, which generally will be to make as much money as possible while conforming to the basic rules of society, both those embodied in law and those embodied in ethical custom." This view of corporate social responsibility has its roots in the _____ tradition.

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deontological

Kantian

utilitarian

virtue

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