Question 1

Johnson & Johnson's "Credo" places ______ as its lowest priority.

Accepted Answer

A)  employees
B)  customers
C)  stockholders
D)  Johnson & Johnson treats all its stakeholders equally

Question 2

According to the textbook, corporate social responsibility concerns the economic, legal, ethical, and ______ issues that stakeholders view as directly related to the firm's plans and actions.

Accepted Answer

A)  environmental
B)  governance
C)  social
D)  discretionary

Question 3

One solution that companies have found to resist pressure for short-term planning orientation is to ______.

Accepted Answer

A)  eliminate boards of directors
B)  adopt the SEC list of investing best practices
C)  delist themselves from the stock market
D)  increase the use of CSR consultants like McKinsey

Question 4

When a U.S.retail clothing company outsources production overseas, it addresses the issue of a livable wage within the United States.According to Porter and Kramer's framework, what is this an example of?

Accepted Answer

A)  a generic social issue
B)  strategic corporate philanthropy
C)  value chain social impacts
D)  the social dimension of a competitive context

Question 5

For a footwear manufacturer, prospect of government legislation on outsourcing labor issue represents which one of the three levels in Porter and Kramer's framework for incorporating a social decision in firms' strategic decision-making?

Accepted Answer

A)  generic social issues
B)  strategic corporate philanthropy
C)  value chain social impacts
D)  social dimensions of the competitive context

Question 6

Ethical behavior is not a prerequisite assumption for strategic CSR.

Accepted Answer

A) True 
 B)False

Question 7

Adopting a stakeholder perspective to decision-making in strategic CSR is that it can correct what critics have said is a tendency to prioritize what stakeholder group?

Accepted Answer

A)  shareholders
B)  the government
C)  boards of directors
D)  the communities in which business reside

Question 8

Which of the following is NOT an example of strategic CSR?

Accepted Answer

A)  Dell plants a tree for each computer it sells.
B)  Nike addresses the issue of a livable wage in countries where its products are manufactured.
C)  Budweiser provides education about alcohol abuse to high school students.
D)  Unilever provides affordable cleaning products in developing countries.

Question 9

Strategic CSR is essentially the intersection between sustainability and business ethics.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is NOT one of the three levels in Porter and Kramer's framework for incorporating a social decision in firms' strategic decision-making?

Accepted Answer

A)  generic social issues
B)  strategic corporate philanthropy
C)  value chain social impacts
D)  social dimensions of the competitive context

Question 11

In 1911, a U.S.Supreme Court ruling forced Standard Oil to ______.

Accepted Answer

A)  pay its employees more fairly
B)  hire members of minority groups
C)  break up into separate companies
D)  remove lead from its gasoline

Question 12

Adopting a CSR perspective presupposes what type of relationship between the firm and its stakeholders?

Accepted Answer

A)  circular
B)  iterative
C)  curvilinear
D)  transformative

Question 13

When did the U.K.government pass the Modern Slavery Act?

Accepted Answer

A)  1965
B)  1975
C)  1995
D)  2015 D

Question 14

Which of the following is NOT one of the components of the working definition of strategic CSR?

Accepted Answer

A)  understanding and responding to needs of stakeholders
B)  responsibly addressing environmental sustainability
C)  incorporating a CSR perspective within the firm's culture and strategic planning processes
D)  any actions taken are directly related to core operations

Question 15

According to the textbook, strategic CSR is not about ______ but instead is about ______.

Accepted Answer

A)  philanthropy; day-to-day operations
B)  day-to-day operations; profit optimization
C)  profit optimization; day-to-day operations
D)  day-to-day operations; strategic corporate philanthropy A

Question 16

A focus on profit optimization orients the manager toward ______.

Accepted Answer

A)  short-term profits
B)  the interests of ETF shareholders
C)  the interests of a broader collection of constituent interests
D)  all of these

Question 17

Which company was behind the creation of the Equator Principles?

Accepted Answer

A)  Amazon
B)  Patagonia
C)  Unilever
D)  Citigroup D

Question 18

"Increasingly, the idea that shareholders have the best interest of the firm at heart is hard to defend." Analyze that quote and provide your reaction.Do you agree or disagree with the statement?

Accepted Answer

Answers must address the shift from shar...

Question 19

Stock options are a problem because they _________.

Accepted Answer

A)  emphasize the interests of directors
B)  emphasize the interests of headhunters
C)  emphasize the interests of short-term investors
D)  emphasize the interests of stock analysts

Question 20

According to the textbook, the firm ______.

Accepted Answer

A)  exists independently of its stakeholders
B)  exists to solve social, moral, and ethical problems
C)  exists only with the support of shareholders
D)  does not exist independently of its stakeholders

Exam 10: Strategic CSR

Johnson & Johnson's "Credo" places ______ as its lowest priority.

Correct AnswerverifiedShow Answer

According to the textbook, corporate social responsibility concerns the economic, legal, ethical, and ______ issues that stakeholders view as directly related to the firm's plans and actions.

Correct AnswerverifiedShow Answer

One solution that companies have found to resist pressure for short-term planning orientation is to ______.

Correct AnswerverifiedShow Answer

When a U.S.retail clothing company outsources production overseas, it addresses the issue of a livable wage within the United States.According to Porter and Kramer's framework, what is this an example of?

Correct AnswerverifiedShow Answer

For a footwear manufacturer, prospect of government legislation on outsourcing labor issue represents which one of the three levels in Porter and Kramer's framework for incorporating a social decision in firms' strategic decision-making?

Correct AnswerverifiedShow Answer

Ethical behavior is not a prerequisite assumption for strategic CSR.

Correct AnswerverifiedShow Answer

Adopting a stakeholder perspective to decision-making in strategic CSR is that it can correct what critics have said is a tendency to prioritize what stakeholder group?

Correct AnswerverifiedShow Answer

Which of the following is NOT an example of strategic CSR?

Correct AnswerverifiedShow Answer

Strategic CSR is essentially the intersection between sustainability and business ethics.

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the three levels in Porter and Kramer's framework for incorporating a social decision in firms' strategic decision-making?

Correct AnswerverifiedShow Answer

In 1911, a U.S.Supreme Court ruling forced Standard Oil to ______.

Correct AnswerverifiedShow Answer

Adopting a CSR perspective presupposes what type of relationship between the firm and its stakeholders?

Correct AnswerverifiedShow Answer

When did the U.K.government pass the Modern Slavery Act?

Correct AnswerverifiedD

Which of the following is NOT one of the components of the working definition of strategic CSR?

Correct AnswerverifiedShow Answer

According to the textbook, strategic CSR is not about ______ but instead is about ______.

Correct AnswerverifiedA

A focus on profit optimization orients the manager toward ______.

Correct AnswerverifiedShow Answer

Which company was behind the creation of the Equator Principles?

Correct AnswerverifiedD

"Increasingly, the idea that shareholders have the best interest of the firm at heart is hard to defend." Analyze that quote and provide your reaction.Do you agree or disagree with the statement?

Correct AnswerverifiedAnswers must address the shift from shar...View AnswerShow Answer

Stock options are a problem because they _________.

Correct AnswerverifiedShow Answer

According to the textbook, the firm ______.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
D

Correct Answer
verified

According to the textbook, strategic CSR is not about but instead is about .

Correct Answer
verified
A

Correct Answer
verified

Correct Answer
verified
D

Correct Answer
verified
Answers must address the shift from shar...
View Answer

Correct Answer
verified

Correct Answer
verified