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Chapter 03 - Corporate Social Responsibility and Business Ethics
51. (p. 66) Approximately _____ percent of senior corporate auditors now report directly to the
Board of Directors audit committee.
52. (p. 65) A major consequence of the 2000-2002 accounting scandals was the ______ .
53. (p. 67) Which of these attempts to measure a company's actual social performance against
the social objectives it has set for itself?
54. (p.67-68) Which of these is NOT true about social audit?
55. (p. 67) In addition to monitoring and evaluating firm social performance, managers use
social audits for all of these EXCEPT
56. (p. 78) Which of these refers to the moral principles that reflect society's beliefs about the
actions of an individual or group that are right and wrong?
57. (p. 71) A form of engagement in which companies provide on going and sustained
commitments to a social project or issue refers to
58. (p. 70) The CSR debates have surfaced in a more positive way in the last 30 years due to
which of these?
59. (p. 70) Recent research has found that, on balance, ______ relationships can be expected
from CSR.
60. (p. 70) According to research, the primary vehicle for achieving superior financial
performance from social responsibility is via
61. (p. 70) Philanthropy without active engagement
62. (p. 70) With regards to CSR business have all of these support options except:
63. (p. 71) The term social initiative describes initiatives that take a
64. (p. 71) Beyond enhanced reputation, CSR activities
65. (p. 72) Which of these is NOT a principle of successful collaborative social initiatives?
66. (p. 72) Which of these is a social challenge that will demand attention for years to come?
67. (p. 72) For the past 28 years ABC, Inc. has made a significant investment of time, money
and other resources to increase the literacy rate in adult Americans. This represents which of
these principles of successful collaborative social initiatives?
68. (p. 73) Which of the principles of successful collaborative social initiatives is the most
important?
69. (p. 74) CSR programs can confer significant benefits to participants in terms of all of these
except
70. (p. 78) At present, the public's perception of the ethics of corporate executives in America is
71. (p. 79) The most critical quality of ethical decision making is
72. (p.81) Which of these is NOT an ethical approach for executives to consider?
73. (p. 81) Managers who adopt the ______ approach judge the effects of a particular action on
the people directly involved, in terms of what provides the greatest good for the greatest
number of people.
74. (p. 81) The utilitarian approach focuses on
75. (p. 81) Managers who subscribe to the ______ approach judge whether decisions and actions
are in keeping with the maintenance of fundamental individual and group rights and
privileges.
76. (p. 81) Which of these approaches is also referred to as deontology?
77. (p. 81) Managers who take the ______ approach judge how consistent actions are with
equity, fairness and impartiality in the distribution of rewards and costs among individuals
and groups.
78. (p. 81) Which principle holds that social and economic inequities must be addressed to
achieve a more equitable distribution of goods and services?
79. (p. 81) Which of these is NOT an implementing principle essential to the social justice
approach?
80. (p. 81) According to the _____ principle, individuals should not be treated differently on the
basis of arbitrary characteristics such as race, sex, religion or national origin.
81. (p. 81) Which principle is embodied in the Civil Rights Act?
82. (p.81) Which principle argues that employees must be expected to engage in cooperative
activities according to the rules of the company, assuming that the company rules are deemed
fair?
83. (p. 81) The ______ principle points up a number of general obligations.
Chapter 03 - Corporate Social Responsibility and Business Ethics
Essay Questions
84. Who are stakeholders and why are they important to a firm?
Learning Objective: 1
85. Describe the necessary steps that a firm must take when it attempts to incorporate the
interests of various stakeholders?
Learning Objective: 1
86. Identify inside and outside stakeholders. How do they differ in their expectations of the
firm? Explain?
Learning Objective: 1
87. Briefly describe the four types of social responsibilities that managers can consider?
88. Discuss the dynamics between CSR and the bottom line?
Learning Objective: 5
89. How is environmentalism driving corporate social responsibility?
Learning Objective: 5
90. How is increasing buyer power affecting corporate social responsibility today?
Learning Objective: 5
91. How is globalization driving corporate social responsibility?
Learning Objective: 5
92. Discuss the major elements of the Sarbanes-Oxley Act of 2002?
93. Describe the impact of the Sarbanes-Oxley Act on the corporate governance structure?
Learning Objective: 4
94. What is a social audit? What is its purpose?
Learning Objective: 5
95. Explain the five principles of successful collaborative social initiatives?
Learning Objective: 6
96. What is ethics? Why is it important in business?
Learning Objective: 7
97. Briefly discuss the three fundamental ethical approaches that managers should consider?
Learning Objective: 7
98. What are codes of business ethics? Why are they important?
99. Identify and describe the defining principles and the implementing principles of the social
justice approach?
Learning Objective: 7
100. What are the major trends in Code of Ethics? Explain?
