Exam 1: What Is CSR

In terms of social activism, what book could be credited with being a catalyst for the environmental movement?

Consequentialist (or utilitarian) reasoning justifies action in terms of the outcomes generated (e.g., the greatest good for the greatest number of people).Such reasoning is part of which argument for corporate social responsibility?

Define corporate social responsibility.What arguments in favor of CSR seem most important to you? How is CSR different from strategic CSR?

The textbook states that corporate social responsibility is both a process and an outcome.What does this mean?

The book argues that the strongest of the four (ethical, moral, rational, and economic) arguments supporting CSR is the economic one.Why does it argue that to be true?

By adopting a rational argument for corporate social responsibility, firms seek to interpret evolving societal values and stakeholder expectations, and they act to avoid future sanctions.

With the rise of agency theory, there has been a renewed focus on what group in companies?

According to Archie Carroll's pyramid of corporate social responsibility, a firm's ______ is to do no harm to its stakeholders within its operating environment.

According to the textbook, corporate social responsibility is strongest when ______.

Strategic CSR expounds the ______ argument in favor of corporate social responsibility.

Which of the following exist to define the rules and structures of society within which all organizations must operate?

Since the early 19th century, managers have consistently paid attention to the interests of all stakeholders.

According to Archie Carroll's pyramid of corporate social responsibility, a firm's ______ is to produce an acceptable return for investors.

For a hair care salon shop that is a privately owned business, which of the following is NOT likely to be a stakeholder?

The textbook states that corporate social responsibility "is a fluid concept." What does this mean?

James Rogers (the CEO of Duke Energy) once stated: "If you are not at the table when these negotiations are going on, you're going to be on the menu." This illustrates what argument for CSR?

All those who in some way are related to a firm's activities are known as ______.

From a corporate social responsibility perspective, a firm's success is primarily related to its ability to ______.

Which of the following is NOT a characteristic of corporate social responsibility?

Energy companies and industrial manufacturers set up the United States Climate Action Partnership (USCAP), which supports carbon limits and trading.This is an illustration of which argument for corporate social responsibility?