Question 1

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The symbiotic view

Accepted Answer

A)  states that fmancial performance determines social performance.
B)  high social performance leads to improved financial performance.
C)  states that there is an interactive relationship among social performance,financial performance,and corporate reputation.
D)  is synonymous with the contingency view of Husted.E) A) and C)
F) All of the above

Question 2

The modern era of corporate social responsibility (from the 1950s to today)

Accepted Answer

A)  emphasizes general awareness of social and moral concerns.
B)  has seen decreased awareness of the issue.
C)  emphasizes specific issues.
D)  is marked by legislation requiring ethical business behavior.E) A) and D)
F) None of the above

Question 3

Research has indicated that improvements in corporate social performance are associated with improved fmancial results.

Accepted Answer

A) True 
 B)False

Question 4

Corporate social responsiveness is focused on the action phase of management response to social demands.

Accepted Answer

A) True 
 B)False

Question 5

The primary argument for corporate social responsibility states that for business to have a healthy climate in which to operate in the future,it must take current action to assure its long-term viability.Is this long-range self-interest
argument valid? Does it encompass all that society wants from business?

Accepted Answer

Students should recoguize that the argument is certainly valid.Survival is a central motive for all organisms/organizations.Therefore,taking action to improve one's chances for survival is a valid and appropriate response.This is true whether one is talking about eating the right foods and exercising for humans,or socially responsible activities for corporations.The debate should take place over the question of whether it encompasses all that society wants from business.Stated in another way,is survival
the only motive we expect from each other and from our business institutions? Some students will be convinced that self interest is all that we can realistically expect from business,while others will argue that business is part of a larger society,and thus should be expected to contribute to society in ways that benefit others,for reasons beyond survival.This debate should mirror the continuing discussion between individualistic political philosophers and communitarians

Question 6

In order to operate with a true stakeholder perspective,firms must accept the multiple bottom line view.

Accepted Answer

A) True 
 B)False

Question 7

Corporate social responsiveness emphasizes

Accepted Answer

A)  obligation and accountability.
B)  action and activity.
C)  outcomes and results.
D)  socially responsible investing.E) A) and C)
F) B) and C)

Question 8

Which entity publishes "The 100 Best Companies to Work For"?

Accepted Answer

A)  The Conference Board
B)  Fortune Magazine
C)  Wait Disney
D)  The U.S.Chamber of CommerceE) A) and C)
F) All of the above

Question 9

The concept of business responsibility based on using laws to constrain business behavior is referred to as the

Accepted Answer

A)  neoclassical economic model.
B)  socialist model.
C)  legal model.
D)  stakeholder model.E) B) and D)
F) B) and C) C

Question 10

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The most popular view is based on the belief that

Accepted Answer

A)  socially responsible firms are more fmancially profitable.
B)  more profitable firms have the ability to be more socially responsible.
C)  social responsibility and financial performance are inter-related and affect each other.
D)  there is no relationship between social responsibility and fmancial performance.E) A) and B)
F) A) and C)

Question 11

The classical view of economics holds that a society can best determine its needs and wants through

Accepted Answer

A)  a centrally planned economy.
B)  govermnent owned factors of production.
C)  democracy.
D)  the marketplace.E) All of the above
F) None of the above

Question 12

Summarize the argumeut used to explain why the concept of corporate social responsiveness is an improvement over corporate social responsibility.

Accepted Answer

Corporate social responsibility's emphas...

Question 13

Corporate social performance emphasizes

Accepted Answer

A)  obligation and accountability.
B)  action and activity.
C)  outcomes and results.
D)  socially responsible investing.E) C) and D)
F) B) and C)

Question 14

The Generous Corporation argues that corporations began their philanthropic activities primarily out of self­ interest.By doing so,they are able to keep govermnent from intervening in their business activities and imposing more regulations on them.Assuming that this argument is valid,and the firms' motives are primarily self interested,evaluate whether or not the motives are important.That is,are fmns' philanthropic activities less valuable because
they are motivated by self interest? Explain your answer.

Accepted Answer

Students will probably be nearly evenly ...

Question 15

In Carroll's four-part defmition of corporate social responsibility,he includes philanthropic responsibilities,yet he describes these as voluntary or discretionary.Explain this seeming contrast between a responsibility and a voluntary
activity.

Accepted Answer

Carroll says that philanthropy is a responsibility because it is expected of business by society.However,it is not required,as are the economic and legal responsibilities.Business can forego philanthropic activities without suffering sanctions from society,and it has discretion in what causes it supports and how it contributes to those causes

Question 16

Corporate social performance emphasizes the financial results of what the finn hopes to accomplish.

Accepted Answer

A) True 
 B)False

Question 17

Explain the concept of "multiple bottom lines." Why do advocates of this approach prefer it over the traditional method of measuring the finn's fmancial performance?

Accepted Answer

Advocates of the multiple bottom line ap...

Question 18

The first and primary argument for corporate social responsibility is

Accepted Answer

A)  it is a way to gain more power.
B)  business is best equipped to handle social problems.
C)  it is in business's long range interest to be socially responsible.
D)  the free-market economic system has proven to be ineffective in dealing with social problems.E) None of the above
F) A) and D)

Question 19

One of the arguments against corporate social responsibility is that by requiring more ofU.S.corporations,they may be put at a disadvantage relative to foreign competitors.Evaluate this argument.

Accepted Answer

This argument is fallacious on...

Question 20

The corporate social performance concept has not yet spread to the business community.

Accepted Answer

A) True 
 B)False

Exam 2: Orporate Citi7cnship: Social Responsibility Ferformancc, Sustolinability

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The symbiotic view

Correct Answer
verified

The modern era of corporate social responsibility (from the 1950s to today)

Correct Answer
verified

Research has indicated that improvements in corporate social performance are associated with improved fmancial results.

Correct Answer
verified

Corporate social responsiveness is focused on the action phase of management response to social demands.

Correct Answer
verified

In order to operate with a true stakeholder perspective,firms must accept the multiple bottom line view.

Correct Answer
verified

Corporate social responsiveness emphasizes

Correct Answer
verified

Which entity publishes "The 100 Best Companies to Work For"?

Correct Answer
verified

The concept of business responsibility based on using laws to constrain business behavior is referred to as the

Correct Answer
verified
C

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The most popular view is based on the belief that

Correct Answer
verified

The classical view of economics holds that a society can best determine its needs and wants through

Correct Answer
verified

Summarize the argumeut used to explain why the concept of corporate social responsiveness is an improvement over corporate social responsibility.

Correct Answer
verified
Corporate social responsibility's emphas...
View Answer

Corporate social performance emphasizes

Correct Answer
verified

Correct Answer
verified
Students will probably be nearly evenly ...
View Answer

In Carroll's four-part defmition of corporate social responsibility,he includes philanthropic responsibilities,yet he describes these as voluntary or discretionary.Explain this seeming contrast between a responsibility and a voluntary activity.

Corporate social performance emphasizes the financial results of what the finn hopes to accomplish.

Correct Answer
verified

Explain the concept of "multiple bottom lines." Why do advocates of this approach prefer it over the traditional method of measuring the finn's fmancial performance?

Correct Answer
verified
Advocates of the multiple bottom line ap...
View Answer

The first and primary argument for corporate social responsibility is

Correct Answer
verified

One of the arguments against corporate social responsibility is that by requiring more ofU.S.corporations,they may be put at a disadvantage relative to foreign competitors.Evaluate this argument.

Correct Answer
verified
This argument is fallacious on...
View Answer

The corporate social performance concept has not yet spread to the business community.

Correct Answer
verified

Exam 2: Orporate Citi7cnship: Social Responsibility Ferformancc, Sustolinability

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The symbiotic view

Correct AnswerverifiedShow Answer

The modern era of corporate social responsibility (from the 1950s to today)

Correct AnswerverifiedShow Answer

Research has indicated that improvements in corporate social performance are associated with improved fmancial results.

Correct AnswerverifiedShow Answer

Corporate social responsiveness is focused on the action phase of management response to social demands.

Correct AnswerverifiedShow Answer

In order to operate with a true stakeholder perspective,firms must accept the multiple bottom line view.

Correct AnswerverifiedShow Answer

Corporate social responsiveness emphasizes

Correct AnswerverifiedShow Answer

Which entity publishes "The 100 Best Companies to Work For"?

Correct AnswerverifiedShow Answer

The concept of business responsibility based on using laws to constrain business behavior is referred to as the

Correct AnswerverifiedC

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The most popular view is based on the belief that

Correct AnswerverifiedShow Answer

The classical view of economics holds that a society can best determine its needs and wants through

Correct AnswerverifiedShow Answer

Summarize the argumeut used to explain why the concept of corporate social responsiveness is an improvement over corporate social responsibility.

Correct AnswerverifiedCorporate social responsibility's emphas...View AnswerShow Answer

Corporate social performance emphasizes

Correct AnswerverifiedShow Answer

Correct AnswerverifiedStudents will probably be nearly evenly ...View AnswerShow Answer

In Carroll's four-part defmition of corporate social responsibility,he includes philanthropic responsibilities,yet he describes these as voluntary or discretionary.Explain this seeming contrast between a responsibility and a voluntary activity.

Corporate social performance emphasizes the financial results of what the finn hopes to accomplish.

Correct AnswerverifiedShow Answer

Explain the concept of "multiple bottom lines." Why do advocates of this approach prefer it over the traditional method of measuring the finn's fmancial performance?

Correct AnswerverifiedAdvocates of the multiple bottom line ap...View AnswerShow Answer

The first and primary argument for corporate social responsibility is

Correct AnswerverifiedShow Answer

One of the arguments against corporate social responsibility is that by requiring more ofU.S.corporations,they may be put at a disadvantage relative to foreign competitors.Evaluate this argument.

Correct AnswerverifiedThis argument is fallacious on...View AnswerShow Answer

The corporate social performance concept has not yet spread to the business community.

Correct AnswerverifiedShow Answer

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C

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Corporate social responsibility's emphas...
View Answer

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Students will probably be nearly evenly ...
View Answer

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Advocates of the multiple bottom line ap...
View Answer

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This argument is fallacious on...
View Answer

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