Mnb1501 Questions With Correct Answers

Corporate Social Responsibility (CSR) CORRECT ANSWER Companies' acknowledged responsibility to society. Is the responsibility of the company for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior. Corporate Citizenship (CC) CORRECT ANSWER is the recognition that the organization is an integral part of the broader society in which it operates, affording the organization standing as a juristic person in the society with the rights but also the responsibility and obligations. Triple Bottom Line (TBL) CORRECT ANSWER A business strategy that includes social, economic, and environmental criteria. Advocates that a company's ultimate worth should be measured in financial, social and environmental terms. Business ethics CORRECT ANSWER A subset of ethics that focuses on deciding between right and wrong in the workplace and in business generally. Executive Director CORRECT ANSWER Members of the management team who are appointed to the board. They are full-time employees of the company. Have a role as senior management. Non-exclusive directors CORRECT ANSWER Are not involved in the day-to-day operation of the business of the company and do not receive any remuneration other that their director's fees. They are independent of management and should be free from any significant business or other relationship with the company that could materially hamper their independence.