43. The book, The Civil
Corporation,
identifies four ways in which business fmns respond to social pressures.
Which
of the following is not one of
those?
a. defensive
approach
b. cost-benefit
approach
c. strategic
approach
d. stakeholder
approach
44. According to the Business Case for CSR, a reason companies are becoming more socially responsible is all of
the
following
except
a. Access to
capital
b. Increased
revenue
c. Cost
savings
d. Customer
demand
45. is depicted as an
action-
oriented variant of
CSR
a. Corporate Social
Responsiveness
b. Corporate Social Responsibility
c. Corporate Societal Responsibility
d. Corporate Social
Performance
46. The argument against CSR focuses on the consequence of the requirement that business must internalize costs
that it formerly passed on to society in the form of dirty air and unsafe products, the costs of which
might
necessitate raising
prices.
a. Resources
Available
b.
Business not equipped
c. Dilutes Business
purpose
d. Global Competitiveness
47. Which of the following is not a dimension of Carroll’s corporate social performance
model?
a. social responsibility categories
b. funding sources
c. philosophy of social responsiveness
d. issues
48. Carroll’s corporate social performance model can be used in all of the ways listed below
except
a. providing a conceptualization that could lead to better managed social
performance.
b. providing answers to specific social problems.
c. using it as a planning tool.
d. identifying categories within which the organization can be
situated.
49. Which entity
publishes
annual
“World’s
Most
Admired Companies”
rankings?
a. The Conference Board
b. Fortune Magazine
c. Wait Disney
d. The U.S. Chamber of Commerce
50. Which entity
publishes
“The 100 Best Companies to Work For”?
a. The Conference Board
b. Fortune Magazine
c. Wait Disney
d. The U.S. Chamber of Commerce
51. Which of the
following
is not a characteristic of a socially responsible company?
a. makes products that are
safe
b. makes above average financial returns
c. does not pollute air or water
d. recycles within the company
52. The view of corporate citizenship that embraces all that is implied in the concepts of social responsibility,
responsiveness,
and performance is the
view.
a. unlimited
b. broad
c. narrow
d. limited
53. The narrow view of corporate citizenship focuses solely
on
a. ecological issues.
b. employee relations.
c. corporate community relations.
d. stakeholder
management.
54. Benefits to companies of good corporate citizenship include all of the following
except
a. improved employee relations.
b. improved customer relations.
c. improved business
performance.
d. fewer goverrnnent
regulations.
55. The relationship between corporate social performance and financial performance is viewed from three
different
perspectives. The most popular view is based on the belief
that
a. socially responsible firms are more fmancially profitable.
b. more profitable firms have the ability to be more socially responsible.
c. social responsibility and financial performance are inter-related and affect each
other.
d. there is no relationship between social responsibility and fmancial
performance.
56. The relationship between corporate social performance and financial performance is viewed from three
different
perspectives. The perspective that views social responsibility as a “fair weather”
concept
a. has been studied
extensively.
b. views social responsibility as driven by the frrm’s fmancial
performance.
c. is the most popular of the three
perspectives.
d. sees an interactive relationship among social performance, financial performance, and corporate
reputation.
57. The relationship between corporate social performance and financial performance is viewed from three
different
perspectives. The symbiotic
view
a. states that fmancial performance determines social
performance.
b. high social performance leads to improved financial
performance.
c. states that there is an interactive relationship among social performance, financial performance, and
corporate
reputation.
d. is synonymous with the contingency view of Husted.
58. The Triple Bottom Line concept focuses on economic, social, and envirornnental performance, the key elements
of
a. sustainability.
b.
growth.
c. corporate social responsibility.
d. corporate social
responsiveness.
59. The Triple Bottom Line encompasses all of the following spheres of performance
except
a.
economic.
b. social.
c. envirornnental.
d. philanthropic.
60. Financial returns from socially conscious investment funds
are
a. competitive with returns from other investments.
b. higher than returns from other
investments.
c. slightly lower than returns from other investments.
d. much lower than returns from other
investments.
61. Explain why Business for Social Responsibility (BSR) was
formed.
62. Explain why the emergence of large corporations in the late 19th century helped shift society’s view away from
the
classical economic
view.
63. In Carroll’s four-part defmition of corporate social responsibility, he includes philanthropic responsibilities, yet
he
describes these as voluntary or discretionary. Explain this seeming contrast between a responsibility and a
voluntary
activity.
64. One of the arguments that opponents of corporate social responsibility use is that business already has
enough
power, so society should not grant it more power by relying on it to alleviate social problems. Evaluate this argument.
65. One of the arguments against corporate social responsibility is that by requiring more
ofU.S.
corporations, they
may
be put at a disadvantage relative to foreign competitors. Evaluate this
argument.
66. In the 1890s, the Robber Barons began to use their personal wealth and the wealth accumulated by their
corporations
to enhance the social good. Their philanthropic activities were encouraged, in part, because public opinion
was
demanding that the government do something to limit their power. Is this type of activity still occurring
in
the United States? Why or why
not?
67. Summarize the argumeut used to explain why the concept of corporate social responsiveness is an improvement
over
corporate social responsibility.
68. Discuss the methods used by Fortune magazine to determine how fmns are ranked as to Social Responsibility.
Do
you think the ranking is fair? Why or why not?
69. Explain the concept of “multiple bottom lines.” Why do advocates of this approach prefer it over the traditional
method of measuring the finn’s fmancial
performance?
70. Describe socially responsible investing.
71. Distinguish between the concepts of corporate social responsibility, corporate social responsiveness, corporate
social
performance, and corporate citizenship. How are these ideas different from each other? How are they
similar?
72. The Generous
Corporation
argues that corporations began their philanthropic activities primarily out of
self-
interest. By doing so, they are able to keep govermnent from intervening in their business activities and
imposing
more regulations on them. Assuming that this argument is valid, and the firms’ motives are primarily self interested,
evaluate whether or not the motives are important. That is, are fmns’ philanthropic activities less valuable
because
they are motivated by self interest? Explain your
answer.
73. The primary argument for corporate social responsibility states that for business to have a healthy climate in which
to
operate in the future, it must take current action to assure its long-term viability. Is this long-range
self-interest
argument valid? Does it encompass all that society wants from
business?
74. Are the awards described in the textbook effective ways of promoting the idea of corporate social
performance?
Why or why
not?
75. Which of the three bottom lines encompassed by the Triple Bottom Line do you consider most important?
Explain
your answer.