Chapter 10 – Corporate Social Responsibility
Quiz
Philanthropy is about individuals or companies giving money to charitable causes.
- True
- False
An instrumental view of CSR argues that companies should engage in CSR if and only if it has direct or indirect benefits for shareholder value.
- True
- False
A pollution haven is a city or region that absorbs pollution created elsewhere such as to reduce overall levels of pollution.
- True
- False
In the context of CSR, a pro-active strategy consists of actively fighting political interest groups that advocate unreasonable demands on business.
- True
- False
Ethics is concerned with standards that are the same all over the world.
- True
- False
The “triple bottom line” approach combines strategic focus on financial, social and environmental performance.
- True
- False
The view that companies have a moral obligation to do more for society than maximize shareholder value is generally known as.
- Instrumental view
- Institutional view
- Normative view
- Normal view
… are used to ensure that supplies operate to the ethical standards set by a company
- ‘standards of engagement’
- ‘codes of conduct’
- ‘codes of ethics’
- All the three terms are used, they have roughly the same meaning.
Implicit CSR refers to corporate activity that benefit society by companies ...
- engaging in philanthropy
- following social and environmental requirements set by law
- initiating higher standards through their industry associations
- establishing and publicizing higher standards than what is required by law
The competition between countries trying to attract foreign investors by offering them ever more lenient employment standards is also known as
- Race to the top
- Race to the bottom
- Stakeholder competition
- Shareholder competition
In a widely adapted definition promoted by the ILO, child labour refers to work done by persons under the age of.
- 8
- 12
- 14
- 16
Primary stakeholders of a companies are...
- those on whom the company depends for its continuous survival and prosperity
- only the owners
- only the managers and employees
- those who are able to influence the company but who are not directly engaged in transactions with the company