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Exam 7: Corporate Social Responsibility: The Concept

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Question 31

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The VBA model represents three core concepts which are:

A) Value
B) Balance
C) Accountability
D) Only value and balance
E) Value, balance, and accountability

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Question 32

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The social interpenetration viewpoint argues against the responsibility of business for social responsibility.

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Question 33

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Explain what is meant by the principle of legitimacy?

Opponents of corporate responsibility argue that:

The principle of public responsibility means that business is responsible to society for providing employment opportunities.

To satisfy its legal responsibilities,according to Carroll,a firm must meet more than the minimal legal requirements imposed upon them.

The view that the corporation has little or no social responsibility is an example of which amoral view of social responsibility?

Frank,the CEO has been evaluating its CSR policy.For the past several years,the firm has been a significant contributor,of both time and financial resources,to an NGO that serves to educate society on the dangers of drunk driving.Frank reminds the board of directors that the firm's shareholders made a commitment to this organization to provide these supports for ten more years.In focusing on the need to satisfy this commitment,Frank is applying which Amoral-View Theory of Social Responsibility?

The generation of profit was found to be the fundamental element of the VBA model.

Ethical responsibilities are easier for a business to deal with than are legal responsibilities.

An argument for social responsibility is that corporate virtue is good for profit.

Fundamentalism,in the context of CSR,refers to theories that argue that a firm has responsibility for the social welfare and progress of society.

Using a Venn diagram,sketch the VBA Model.Be sure to include the five business and society framework and their three core concepts. B. Carroll, "Integrating and Unifying Competing and Complementary Frameworks: The Search For a Common Core in the Business and Society Field," Business and Society, Volume 47, Number 2, June 2008, 175. Source: Mark S. Schwartz and Archie B. Carroll, "Integrating and Unifying Competing and Complementary Frameworks: The Search For a Common Core in the Business and Society Field," Business and Society, Volume 47, Number 2, June 2008, 175.

The extended view of corporate citizenship focuses on:

Salvo is considering shutting down a local factory.It is recognized that this will have a negative social impact on the community in which Salvo is located.The CEO argues,however,that social considerations should not outweigh economic factors.The CEO's view is most compatible with the ______________ model of Corporate Sustainability.

Diane is very proud of her accomplishments as CEO.She is pleased that,under her leadership,her company is auditing the corporation's impact on society and the environment in addition to measuring economic factors.She has been able to demonstrate that her firm is a good Corporate Citizen.

A local business has received negative media attention because of plans to relocate its factory.The media's focus on the social impact of this decision on the local community where the factory is currently located reflects the __________ principle of corporate social responsibility.The manager of the facility has responded that she is relocating the plant to a site where there will be less environmental impact.The manager is applying the _________ principle of corporate social responsibility.

Under the Traditional Shareholders model of the amoral view of social responsibility,a firm is ONLY responsible for maximizing profits for shareholders.

"Licence to Operate" refers to the greater leeway a firm may have as a result of Corporate Citizenship.

Reputation management is often referred to as the "business and society approach."