Exam 3: Corporate Social Responsibility

An argument against corporate social responsibility is that it imposes unequal costs among competitors.

Huge businesses can disproportionately influence politics, shape tastes, and dominate public discourse.

Corporate power says that in the long run, those who do not use power in ways that society considers responsible will tend to lose it.

Corporate power refers to:

Corporations have a role in establishing their community's:

A company who complies with the laws and regulations set by the government is:

Describe the iron law of responsibility.

HP Brazil, a subsidiary of Hewlett-Packard, developed the Digital Garage project to:

The obligation to see that everyone, particularly those in need or at risk, benefits from their firms' actions is called:

As a response to the conflict between long- and short-term profit making, an enlightened self-interest point of view would be the least useful and practical approach.

How can a company focus on the needs of its stakeholders without neglecting its shareholder obligations?

Business leaders who follow the stewardship principle believe they have an obligation to see that everyone benefits from the firms' actions.

The iron law of responsibility says that:

According to Barlow v.A.P. Smith Manufacturing:

Define and provide an example of a business practicing enlightened self-interest.

The concept of corporate social responsibility is rooted in the meaning "to pledge back," creating a commitment to give back to society and the organization's stakeholders.

The idea that the wealthiest members of society should be charitable toward those less fortunate is the:

Reason(s) for adopting an enlightened self-interest approach is (are):

All of the following are examples of the phases of Corporate Social Responsibility except:

The capability of corporations to influence government, the economy, and society, based on their organizational resources is called the big business principle.