Deck 9: Global Integration and Multilateral Organizations

Question 1

In a widely adapted definition promoted by the ILO, child labour refers to work done by persons under the age of:

A)8
B)12
C)14
D)16

Answer 1

D

Question 2

An environmental view of CSR argues that companies should engage in CSR if and only if it has direct or indirect benefits for shareholder value.

Answer 2

False

Question 3

Triple bottom line refers to social, environmental and medical performance.

Answer 3

False

Question 4

Human rights are rights that a person is entitled to beyond a certain level of wealth.

Question 5

A critical aspect of CSR is that it is voluntary.

Question 6

In the context of CSR, a pro-active strategy consists of actively fighting political interest groups that advocate unreasonable demands on business.

Question 7

A pollution haven is a city or region that absorbs pollution created elsewhere such as to reduce overall levels of pollution.

Question 8

Primary stakeholders of a company are:

A)those on whom the company depends for its continuous survival and prosperity
B)only the owners
C)only the managers and employees
D)those who are able to influence the company but who are not directly engaged in transactions with the company

Question 9

Implicit CSR refers to corporate activity that benefits society by companies:

A)engaging in philanthropy
B)following social and environmental requirements set by law
C)initiating higher standards through their industry associations
D)establishing and publicizing higher standards than what is required by law

Question 10

The view that companies have a moral obligation to do more for society than maximize shareholder value is generally known as:

A)instrumental view
B)institutional view
C)normative view
D)normal view

Question 11

________ are used to ensure that suppliers operate to the ethical standards set by a company.

A)Standards of engagement
B)Codes of conduct
C)Codes of ethics
D)All the three terms are used, they have roughly the same meaning

Question 12

The competition between countries trying to attract foreign investors by offering them ever more lenient employment standards is also known as:

A)race to the top
B)race to the bottom
C)stakeholder competition
D)shareholder competition