Business Ethics Chapter 13 1 What are social performance reports? What are some reasons why companies are now reporting their CSR performance?

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Question A BC D E

…allows the best organizations to flourish because competition favors those who

produce the best products at the best prices as consumers also seek their own self

interest in buying those products

Laissez-faire The invisible hand Economic responsibility Strategic CSR All of the Above

In the United States, the first legal precedent for the dominance of the stockholder as

the prime stakeholder was the influential 1919 case of

Dogde Benz Dodge v. Ford Benz v. Ford Dodge v. Benz

At least in the United States, the switch from stockholder dominance to corporate

philanthropy began with

Smith v. Barlow Milton Friedman Smith V.Friedman Barlo V. Friedman None of the Above

4Which of the following are essential responsibilities of a business

Economic, cultural, ethical, and

philanthropic

Financial, Cultural, ethical, and

philanthropic

Financial, legal, cultural, and

philanthropic

Financial, legal, ethical, and

philanthropic

Economic, legal, ethical, and

philanthropic

5The license to operate refers to which of Carroll’s four responsibilities of business? Economic Ethical Legal Philanthropic All of the above

Contributions to the art and education reflecting the company’s responsibility to be

good corporate citizens refers to which form of responsibilities of a business?

Economic Ethical Legal Social None of the Above

Businesses must conform to laws and regulations as part of the social contract

between business and society that allows them to operate. This is now often called a

Integration Certification Assurace License to operate All of the Above

8Triple bottom line (TBL)

A currently popular way of

looking at the mix of the

components of CSR

consisting of social, economic

and environmental sustainability

It is also known as “people,

planet, and profit.”

TBL was popularized by John

Elkington

All of the Above

rests on the assumption that “doing good” can be good for a business as well as for

society

Corporate citizenship Economic responsibility Strategic CSR Global Reporting Initiative (GRI) None of the Above

is the auditing function to validate that what a company reports in its CSR report is

true and accurate.

Social performance reports Assurance Strategic CSR Global Reporting Initiative (GRI) None of the Above

Provides principles and indicators that companies can use to identify and measure

economic, environmental, and social performance

Social performance reports Economic responsibility Strategic CSR Global Reporting Initiative (GRI) None of the Above

12 Which of the following refers to the equivalent view of corporate citizenship?

Focus on legal, ethical and

discretionary responsibilities of

business

Focus on the role of the

corporation as an entity that is

independent of the owners and

managers

The corporation has rights similar

to other citizens

The corporation has political

rights to participate in the

political process and influence its

environment

None of the Above

Which of the following is FALSE regarding the extended view of corporate

citizenship?

Focus on the role of the

corporation as an entity that is

independent of the owners and

managers

The corporation has political

rights to participate in the

political process and influence its

environment

Focus on legal, ethical and

discretionary responsibilities of

business

The corporation has rights similar

to other citizens

All of the above are true

The view that a company should be a good corporate citizen that gives back to the

community as a voluntary action refers to which view of corporate citizenship?

Philanthropic Extended Limited Equivalent None of the Above

The role of a business to produce goods or services that people need and to make an

acceptable profit in the process is known as

Social performance reports Economic responsibility Strategic CSR Global Reporting Initiative (GRI) None of the Above

16 The UN’s Global Compact is based on the following ten principles in the areas of

Human rights, the environment,

and anti-corruption

Human rights, labor, and anti-

corruption

Human rights, labor, and the

environment

Human rights, labor, and

corruption

Human rights, labor, the

environment and anti-corruption

…Describes the company‘s implementation of the United Nations Global Compact’s

ten universal principles Compact.

AccountAbility‘s AA1000 series ISO 13998 Economic responsibility GoodCorporation’s Standard Communication on Progress

are principles-based standards to help organizations become more accountable,

responsible and sustainable

AccountAbility‘s AA1000 series ISO 13999 Economic responsibility GoodCorporation’s Standard Communication on Progress

19 gives generic requirements for an environmental management system. AccountAbility’s AA1000 series ISO 14000 Economic responsibility GoodCorporation’s Standard Communication on Progress

allows a company to standout in the marketplace based on CSR strategies and

commitments

Attracting and retaining

employees