Question 1

Individuals that have the least impact on corporate governance are considered to be stakeholders of an organization.

Accepted Answer

A) True 
 B)False

Question 2

A consumer is considered to be a stakeholder ________.

Accepted Answer

A)   when they stay away from influencing corporate governance
B)   when they show concerns about the working conditions in a company
C)   when they refrain from getting involved in the marketing exchange process
D)   when they acquire an aversion toward an organization's servicesE) None of the above
F) A) and B)

Question 3

Which of the following statements is true about the new concept of value creation?

Accepted Answer

A)   It defines value based on stockholder welfares.
B)   It creates a profit-centric value.
C)   It defines value as only customer-perceived benefits.
D)   It creates real economic and social value.E) B) and D)
F) All of the above

Question 4

A global presence presents more opportunities for experimentation and innovation for a global company.

Accepted Answer

A) True 
 B)False

Question 5

Globalization requires that companies respond to the needs of many societies.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a challenge faced by organizations in the second stage of moving toward a sustainable growth?

Accepted Answer

A)   to increase efficiencies and reduce harmful environmental impact
B)   to set standards for environmental regulations
C)   to identify compliance as an opportunity to competitive advantage
D)   to recognize the ways sustainability can create consumer valueE) A) and D)
F) A) and C)

Question 7

Members of a society cannot influence businesses to contribute to change.

Accepted Answer

A) True 
 B)False

Question 8

Companies committed to effective corporate social responsibilities do not extend this concept to their relationship with suppliers.

Accepted Answer

A) True 
 B)False

Question 9

Shifting production activities to lower-wage locations is a sustainable solution to competitive challenges.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is the first stage in creating a sustainable competitive advantage?

Accepted Answer

A)   making value chains sustainable
B)   viewing compliance as an opportunity
C)   designing sustainable products and services
D)   developing new business modelsE) B) and D)
F) None of the above

Question 11

All managers in an organization are created as equals.

Accepted Answer

A) True 
 B)False

Question 12

Stockholders own the corporations to which they fund resources.

Accepted Answer

A) True 
 B)False

Question 13

What are the stages that a company goes through to attain a sustainable competitive advantage?

Accepted Answer

Companies go through the following stage...

Question 14

The new idea in business and marketing is that profit can and should be aligned with creating economic and social value in any truly successful socially responsible business.

Accepted Answer

A) True 
 B)False

Question 15

________, a key stakeholder, is responsible for shaping the overall mission or goals of an organization.

Accepted Answer

A)   A customer
B)   An employee
C)   A shareholder
D)   The managementE) None of the above
F) B) and C)

Question 16

Which of the following is essential in organizing corporate social responsibility as a means to attain competitive advantage?

Accepted Answer

A)   translating existing business strategies and methods into policies on ethical and social issues
B)   communicating corporate policies on environmental impact and human rights on a need-to-know basis
C)   adopting only a top-down approach for strategic planning and development
D)   integrating social, economic, and technological issues into all dimensions of a businessE) B) and C)
F) None of the above

Question 17

Great companies believe that business is an intrinsic part of society.

Accepted Answer

A) True 
 B)False

Question 18

Advocates of the shareholder's perspective toward value creation tend to oppose activities that reduce a firm's profitability.

Accepted Answer

A) True 
 B)False

Question 19

________ are key stakeholders in the marketing exchange process.

Accepted Answer

A)   Stockholders
B)   Employees
C)   Shareholders
D)   CustomersE) All of the above
F) B) and D)

Question 20

Which of the following statements is true about shareholders?

Accepted Answer

A)   They are not entitled to a distribution of the dividend income.
B)   They have direct equity interest in the firms to which they fund resources.
C)   They have no rights to transfer their shares to other investors.
D)   They emphasize corporate responsibility over financial profitability.E) B) and C)
F) None of the above

Exam 15: Global Corporate Social Responsibility and Environmental Sustainability

Members of a society cannot influence businesses to contribute to change.

Correct AnswerverifiedShow Answer

Which of the following statements is true about shareholders?

Correct AnswerverifiedShow Answer

Which of the following is essential in organizing corporate social responsibility as a means to attain competitive advantage?

Correct AnswerverifiedShow Answer

What are the stages that a company goes through to attain a sustainable competitive advantage?

Correct AnswerverifiedCompanies go through the following stage...View AnswerShow Answer

Which of the following is the first stage in creating a sustainable competitive advantage?

Correct AnswerverifiedShow Answer

Individuals that have the least impact on corporate governance are considered to be stakeholders of an organization.

Correct AnswerverifiedShow Answer

________ are key stakeholders in the marketing exchange process.

Correct AnswerverifiedShow Answer

Stockholders own the corporations to which they fund resources.

Correct AnswerverifiedShow Answer

Which of the following is a challenge faced by organizations in the second stage of moving toward a sustainable growth?

Correct AnswerverifiedShow Answer

Globalization requires that companies respond to the needs of many societies.

Correct AnswerverifiedShow Answer

Shifting production activities to lower-wage locations is a sustainable solution to competitive challenges.

Correct AnswerverifiedShow Answer

The new idea in business and marketing is that profit can and should be aligned with creating economic and social value in any truly successful socially responsible business.

Correct AnswerverifiedShow Answer

________, a key stakeholder, is responsible for shaping the overall mission or goals of an organization.

Correct AnswerverifiedShow Answer

Companies committed to effective corporate social responsibilities do not extend this concept to their relationship with suppliers.

Correct AnswerverifiedShow Answer

Great companies believe that business is an intrinsic part of society.

Correct AnswerverifiedShow Answer

A consumer is considered to be a stakeholder ________.

Correct AnswerverifiedShow Answer

All managers in an organization are created as equals.

Correct AnswerverifiedShow Answer

Which of the following statements is true about the new concept of value creation?

Correct AnswerverifiedShow Answer

Advocates of the shareholder's perspective toward value creation tend to oppose activities that reduce a firm's profitability.

Correct AnswerverifiedShow Answer

A global presence presents more opportunities for experimentation and innovation for a global company.

Correct AnswerverifiedShow Answer

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Companies go through the following stage...
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