Question 1

Total corporate social responsibilities are based on economic, legal, ethical, and discretionary responsibilities.

Accepted Answer

A) True 
 B)False  True

Question 2

The underlying motivation of the Benefit Corporation concept is that corporations can focus on both shareholder value and provide social and environmental goods to society.

Accepted Answer

A) True 
 B)False  True

Question 3

Which of the following is not one of the key trust factors between the firm and the stakeholder____________?

Accepted Answer

A)   Rational prediction of outcomes
B)   Emotion
C)   Financial return
D)   A clear moral element C

Question 4

In a short essay, list and discuss the four types of corporate philanthropy.

Accepted Answer

The answer of In a short essay, list and discuss...

Question 5

According to the three-dimensional model of corporate performance presented by Archie Carroll, all of the following are questions that should be asked except

Accepted Answer

A)   What components should be included in the definition of corporate social responsibility?
B)   What are the overall external social issues that the firm must acknowledge?
C)   How can the firm maximize profitability?
D)   How will the firm address the social issues that affect its operations?

Question 6

The customer-firm relationship is based on ethical principles as well as commercial criteria.

Accepted Answer

A) True 
 B)False

Question 7

______________ responsibilities are those responsibilities in which society does not have a clear message to present to businesses as to what their course of action should be.

Accepted Answer

A)   Entrenched
B)   Endured
C)   Socially balanced
D)   Discretionary

Question 8

_______________ CSR is the integration of CSR philosophy into the decision-making processes of the firm

Accepted Answer

A)   Project-oriented
B)   Quality-oriented
C)   Strategic
D)   Transformational

Question 9

Placing the firm's support toward a single philanthropic cause via public relations or advertising is not strategic philanthropy. In fact, this "cause-related" marketing can backfire and lead to mistrust and suspicion about the true motives of the firm.

Accepted Answer

A) True 
 B)False

Question 10

Compare and contrast the different roles of customers, suppliers, and NGOs as stakeholders.

Accepted Answer

The answer of Compare and contrast the different roles of...

Question 11

Which coffee shop paid $1.26 per pound for fair trade coffee beans in the case?

Accepted Answer

A)   Mountain People's Co-Op
B)   Whole Foods
C)   Costa Coffee
D)   Starbucks

Question 12

In a short essay, define corporate social responsibility, and discuss its components.

Accepted Answer

The answer of In a short essay, define corporate social...

Question 13

A firm which has a high level of commitment from both a market and competence orientation is described as having a(n) ________________ configuration.

Accepted Answer

A)   Constricted philanthropy
B)   Peripheral philanthropy
C)   Dispersed philanthropy
D)   Strategic philanthropy

Question 14

In a short essay, define and discuss the difference between immoral, amoral, and moral management styles.

Accepted Answer

The answer of In a short essay, define and discuss...

Question 15

______________ is defined as assigning a function or task that was previously done within a company to an external third party.

Accepted Answer

A)   Insourcing
B)   Macrosourcing
C)   Microsourcing
D)   Outsourcing

Question 16

A low level of trust allows stringent corporate governance structures to be developed to monitor the actions of the top-level managers.

Accepted Answer

A) True 
 B)False

Question 17

Corporate social responsibility can be defined as the obligation companies have to develop and implement courses of action that aid in social issues that impact society.

Accepted Answer

A) True 
 B)False

Question 18

The concept of triple-bottom line was first introduced by _______________ in his book Cannibals With Forks: The Triple Bottom Line of Twenty-First Century Business.

Accepted Answer

A)   John Elkington
B)   Adam Smith
C)   Milton Friedman
D)   Michael Porter

Question 19

The article titled "The Social Responsibility of Business Is to Increase Its Profits" that was published in the New York Times Magazine was written by ________________.

Accepted Answer

A)   Edward Freeman
B)   E. Merrick Dodd, Jr.
C)   Milton Friedman
D)   Archie Carroll

Question 20

A benefit corporation is an organization that integrates financial, social, and environmental objectives.

Accepted Answer

A) True 
 B)False

Exam 3: Stakeholders and Corporate Social Responsibility

Total corporate social responsibilities are based on economic, legal, ethical, and discretionary responsibilities.

The underlying motivation of the Benefit Corporation concept is that corporations can focus on both shareholder value and provide social and environmental goods to society.

Which of the following is not one of the key trust factors between the firm and the stakeholder____________?

In a short essay, list and discuss the four types of corporate philanthropy.

According to the three-dimensional model of corporate performance presented by Archie Carroll, all of the following are questions that should be asked except

The customer-firm relationship is based on ethical principles as well as commercial criteria.

______________ responsibilities are those responsibilities in which society does not have a clear message to present to businesses as to what their course of action should be.

_______________ CSR is the integration of CSR philosophy into the decision-making processes of the firm

Placing the firm's support toward a single philanthropic cause via public relations or advertising is not strategic philanthropy. In fact, this "cause-related" marketing can backfire and lead to mistrust and suspicion about the true motives of the firm.

Compare and contrast the different roles of customers, suppliers, and NGOs as stakeholders.

Which coffee shop paid $1.26 per pound for fair trade coffee beans in the case?

In a short essay, define corporate social responsibility, and discuss its components.

A firm which has a high level of commitment from both a market and competence orientation is described as having a(n) ________________ configuration.

In a short essay, define and discuss the difference between immoral, amoral, and moral management styles.

______________ is defined as assigning a function or task that was previously done within a company to an external third party.

A low level of trust allows stringent corporate governance structures to be developed to monitor the actions of the top-level managers.

Corporate social responsibility can be defined as the obligation companies have to develop and implement courses of action that aid in social issues that impact society.

The concept of triple-bottom line was first introduced by _______________ in his book Cannibals With Forks: The Triple Bottom Line of Twenty-First Century Business.

The article titled "The Social Responsibility of Business Is to Increase Its Profits" that was published in the New York Times Magazine was written by ________________.

A benefit corporation is an organization that integrates financial, social, and environmental objectives.