MGT 9-12 Final Exam Study Questions Correctly Answered.
Which of the following statements best describes the core concept of corporate social responsibility (CSR)?
Multiple Choice
CSR consists of its deliberate actions to protect the environment, provide for the longevity of natural resources, maintain ecological support systems for future generations, and guard against endangering the planet.
CSR is a company's duty to operate in an honorable manner, provide good working conditions for employees, encourage workforce diversity, be a good steward of the environment, and actively work to better the quality of life in the local communities and in society at large. Correct
A CSR strategy is defined by the specific combination of financially beneficial activities the company opts
to support, with its contributions of time, money, and other resources.
CSR primarily focuses on fostering social betterment disregarding shareholder's expectations of maximum return. Incorrect
CSR is - CORRECT ANSWER CSR is a company's duty to operate in an honorable manner, provide good working conditions for employees, encourage workforce diversity, be a good steward of the environment, and actively work to better the quality of life in the local communities and in society at large.
Which of the following statements does NOT accurately describe sustainability?
Multiple Choice
Sustainable business practices are those capable of meeting the needs of the present without compromising the world's ability to meet future needs.
Sustainability requires that shareholders be prepared to accept lower returns to support environmental protection. Correct
The term sustainability is used in a variety of ways and often is synonymous with corporate social responsibility.
A company's environmental sustainable strategy consists of its deliberate actions to protect the environment, provide for the longevity of natural resources, maintain ecological support systems for future generations, and guard against ultimate endangerment of the planet. Often, sustainability concerns a firm's relationship to the environment and its use of natural resources. - CORRECT ANSWER Sustainability requires that shareholders be prepared to accept lower returns to support environmental protection.
Which of the following is NOT a reason why the exercise of social and environmental responsibility may be good business as well?
Multiple Choice
Opportunities for revenue enhancement may also come from CSR and environmental sustainability strategies.
Well-conceived CSR strategies and sustainable business practices are in the best long-term interests of shareholders.
A strong commitment to socially responsible behavior reduces the risk of reputation-damaging incidents.
Shifting environmental and other social costs associated with a company's activities onto society as a whole can reap large short-term profits. Correct
Such actions can lead to increased buyer patronage. - CORRECT ANSWER Shifting environmental and other social costs associated with a company's activities onto society as a whole can reap large short-
term profits.
Integrated social contracts theory states that - CORRECT ANSWER universal ethical principles or norms are based on the collective views of multiple cultures, and societies combine to form a "social contract" that all individuals, groups, organizations and businesses in all situations have a duty to observe.
A company's corporate social responsibility strategy commonly does NOT include actions to - CORRECT ANSWER maximize returns for shareholders.
Which of the following is an intangible or invisible cost that companies incur when ethical wrongdoing is disclosed?
Multiple Choice
administrative costs associated with ensuring future compliance
legal and investigative costs incurred by the company
the costs of taking corrective actions
the costs of providing remedial education and ethics training to company personnel
Which of the following statements best describes the core concept of corporate social responsibility (CSR)?
Multiple Choice
CSR consists of its deliberate actions to protect the environment, provide for the longevity of natural resources, maintain ecological support systems for future generations, and guard against endangering the planet.
CSR is a company's duty to operate in an honorable manner, provide good working conditions for employees, encourage workforce diversity, be a good steward of the environment, and actively work to better the quality of life in the local communities and in society at large. Correct
A CSR strategy is defined by the specific combination of financially beneficial activities the company opts
to support, with its contributions of time, money, and other resources.
CSR primarily focuses on fostering social betterment disregarding shareholder's expectations of maximum return. Incorrect
CSR is - CORRECT ANSWER CSR is a company's duty to operate in an honorable manner, provide good working conditions for employees, encourage workforce diversity, be a good steward of the environment, and actively work to better the quality of life in the local communities and in society at large.
Which of the following statements does NOT accurately describe sustainability?
Multiple Choice
Sustainable business practices are those capable of meeting the needs of the present without compromising the world's ability to meet future needs.
Sustainability requires that shareholders be prepared to accept lower returns to support environmental protection. Correct
The term sustainability is used in a variety of ways and often is synonymous with corporate social responsibility.
A company's environmental sustainable strategy consists of its deliberate actions to protect the environment, provide for the longevity of natural resources, maintain ecological support systems for future generations, and guard against ultimate endangerment of the planet. Often, sustainability concerns a firm's relationship to the environment and its use of natural resources. - CORRECT ANSWER Sustainability requires that shareholders be prepared to accept lower returns to support environmental protection.
Which of the following is NOT a reason why the exercise of social and environmental responsibility may be good business as well?
Multiple Choice
Opportunities for revenue enhancement may also come from CSR and environmental sustainability strategies.
Well-conceived CSR strategies and sustainable business practices are in the best long-term interests of shareholders.
A strong commitment to socially responsible behavior reduces the risk of reputation-damaging incidents.
Shifting environmental and other social costs associated with a company's activities onto society as a whole can reap large short-term profits. Correct
Such actions can lead to increased buyer patronage. - CORRECT ANSWER Shifting environmental and other social costs associated with a company's activities onto society as a whole can reap large short-
term profits.
Integrated social contracts theory states that - CORRECT ANSWER universal ethical principles or norms are based on the collective views of multiple cultures, and societies combine to form a "social contract" that all individuals, groups, organizations and businesses in all situations have a duty to observe.
A company's corporate social responsibility strategy commonly does NOT include actions to - CORRECT ANSWER maximize returns for shareholders.
Which of the following is an intangible or invisible cost that companies incur when ethical wrongdoing is disclosed?
Multiple Choice
administrative costs associated with ensuring future compliance
legal and investigative costs incurred by the company
the costs of taking corrective actions
the costs of providing remedial education and ethics training to company personnel
