Question 1

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-The Generous Corporation argues that corporations began their philanthropic activities primarily out of self-interest. By doing so, they are able to keep government 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 firms' philanthropic activities less valuable because they are motivated by self interest? Explain your answer.

Accepted Answer

Students will probably be nearly evenly ...

Question 2

Which entity publishes annual "World's Most Admired Companies" rankings?

Accepted Answer

A)   The Conference Board
B)   Fortune Magazine
C)   Walt Disney
D)   The U.S. Chamber of Commerce

Question 3

Benefits to companies of good corporate citizenship include all of the following except

Accepted Answer

A)   improved employee relations.
B)   improved customer relations.
C)   improved business performance.
D)   fewer government regulations.

Question 4

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-Distinguish between the concepts of corporate social responsibility, corporate social responsiveness, corporate social performance, and corporate citizenship. How are these ideas different from each other? How are they similar?

Accepted Answer

Students should recognize that responsibility focuses on accountability and obligations imposed on business by society. This is the most passive of the four concepts, which is its primary shortcoming. Responsiveness implies proaction and activity by business in anticipating social needs before they become duties imposed by society. This concept is an improvement over responsibility, but it still does not incorporate the results of its activities. This shortcoming is addressed by performance, with its focus on outcomes. Corporate citizenship encompasses all three of the other concepts, but does not really add much new to the discussion.

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Philanthropy is the term by Adam Smith in Wealth of Nations to describe the operation of self interest resulting in the good of society.

Accepted Answer

A) True 
 B)False

Question 7

The marketplace in the classical view of economics, while being a good allocator of goods and services, does not do a good job of ensuring that business always acts fairly and ethically.

Accepted Answer

A) True 
 B)False  True

Question 8

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.

Question 9

Which of the following is not a characteristic of a socially responsible company?

Accepted Answer

A)   makes products that are safe
B)   makes above average financial returns
C)   does not pollute air or water
D)   recycles within the company

Question 10

Which of the following is not a dimension of Carroll's corporate social performance model?

Accepted Answer

A)   social responsibility categories
B)   funding sources
C)   philosophy of social responsiveness
D)   issues

Question 11

The relationship between corporate social performance and financial performance is viewed from three different perspectives. The perspective that views social responsibility as a "fair weather" concept

Accepted Answer

A)   has been studied extensively.
B)   views social responsibility as driven by the firm's financial performance.
C)   is the most popular of the three perspectives.
D)   sees an interactive relationship among social performance, financial performance, and corporate reputation.

Question 12

Which of the following is not one of the responsibilities in Carroll's four-part definition of corporate social responsibility?

Accepted Answer

A)   economic
B)   social
C)   legal
D)   philanthropic

Question 13

The fact that business leaders in the late 19th century felt they had to show that large corporations were a force for social good is an example of

Accepted Answer

A)   the iron cage of rationality.
B)   socialism.
C)   paternalism.
D)   the iron law of oligarchy.

Question 14

The part of corporate social responsibility that focuses on activities and practices that are expected by society, but not codified into law, is

Accepted Answer

A)   economic.
B)   legal.
C)   ethical.
D)   philanthropic.

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

The view of corporate citizenship that embraces all that is implied in the concepts of social responsibility, responsiveness, and performance is the ____ view.

Accepted Answer

A)   unlimited
B)   broad
C)   narrow
D)   limited

Question 17

The Triple Bottom Line encompasses all of the following spheres of performance except

Accepted Answer

A)   economic.
B)   social.
C)   environmental.
D)   philanthropic.

Question 18

The concept of business responsibility that is based on concern for the various groups that are affected by a business is known as the

Accepted Answer

A)   legal model.
B)   classical economic model.
C)   ethical model.
D)   stakeholder model.

Question 19

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)   government owned factors of production.
C)   democracy.
D)   the marketplace.

Question 20

The socially responsible firm should strive to do all of the following EXCEPT

Accepted Answer

A)   Make a profit
B)   obey the preferred laws
C)   Be ethical
D)   Be a good corporate citizen B

Exam 2: Corporate Social Responsibility, Citizenship, and Sustainability.

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

Which entity publishes annual "World's Most Admired Companies" rankings?

Correct Answer
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Benefits to companies of good corporate citizenship include all of the following except

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

Correct Answer
verified

Philanthropy is the term by Adam Smith in Wealth of Nations to describe the operation of self interest resulting in the good of society.

Correct Answer
verified

The marketplace in the classical view of economics, while being a good allocator of goods and services, does not do a good job of ensuring that business always acts fairly and ethically.

Correct Answer
verified
True

The first and primary argument for corporate social responsibility is

Correct Answer
verified

Which of the following is not a characteristic of a socially responsible company?

Correct Answer
verified

Which of the following is not a dimension of Carroll's corporate social performance model?

Correct Answer
verified

The relationship between corporate social performance and financial performance is viewed from three different perspectives. The perspective that views social responsibility as a "fair weather" concept

Correct Answer
verified

Which of the following is not one of the responsibilities in Carroll's four-part definition of corporate social responsibility?

Correct Answer
verified

The fact that business leaders in the late 19th century felt they had to show that large corporations were a force for social good is an example of

Correct Answer
verified

The part of corporate social responsibility that focuses on activities and practices that are expected by society, but not codified into law, is

Correct Answer
verified

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

Correct Answer
verified

The view of corporate citizenship that embraces all that is implied in the concepts of social responsibility, responsiveness, and performance is the ____ view.

Correct Answer
verified

The Triple Bottom Line encompasses all of the following spheres of performance except

Correct Answer
verified

The concept of business responsibility that is based on concern for the various groups that are affected by a business is known as the

Correct Answer
verified

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

Correct Answer
verified

The socially responsible firm should strive to do all of the following EXCEPT

Correct Answer
verified
B

Exam 2: Corporate Social Responsibility, Citizenship, and Sustainability.

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

Which entity publishes annual "World's Most Admired Companies" rankings?

Correct AnswerverifiedShow Answer

Benefits to companies of good corporate citizenship include all of the following except

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Philanthropy is the term by Adam Smith in Wealth of Nations to describe the operation of self interest resulting in the good of society.

Correct AnswerverifiedShow Answer

The marketplace in the classical view of economics, while being a good allocator of goods and services, does not do a good job of ensuring that business always acts fairly and ethically.

Correct AnswerverifiedTrue

The first and primary argument for corporate social responsibility is

Correct AnswerverifiedShow Answer

Which of the following is not a characteristic of a socially responsible company?

Correct AnswerverifiedShow Answer

Which of the following is not a dimension of Carroll's corporate social performance model?

Correct AnswerverifiedShow Answer

The relationship between corporate social performance and financial performance is viewed from three different perspectives. The perspective that views social responsibility as a "fair weather" concept

Correct AnswerverifiedShow Answer

Which of the following is not one of the responsibilities in Carroll's four-part definition of corporate social responsibility?

Correct AnswerverifiedShow Answer

The fact that business leaders in the late 19th century felt they had to show that large corporations were a force for social good is an example of

Correct AnswerverifiedShow Answer

The part of corporate social responsibility that focuses on activities and practices that are expected by society, but not codified into law, is

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The view of corporate citizenship that embraces all that is implied in the concepts of social responsibility, responsiveness, and performance is the ____ view.

Correct AnswerverifiedShow Answer

The Triple Bottom Line encompasses all of the following spheres of performance except

Correct AnswerverifiedShow Answer

The concept of business responsibility that is based on concern for the various groups that are affected by a business is known as the

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The socially responsible firm should strive to do all of the following EXCEPT

Correct AnswerverifiedB

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Students will probably be nearly evenly ...
View Answer

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True

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B