CSR Exam 1 Questions with 100%
Correct Answers7
shareholders - ANSWERS -Also known as a stockholder, it is any person, company or institution
that owns at least one share of a company's stocks. Because shareholders own the company,
they reap the benefits of the company's successes in the form of increased stock valuation.
However, if the company does poorly and its stock declines, can lose money
democratic accountability - ANSWERS -Accountability describes the relation between state
institutions and people, private sector affected by their decisions. It is about the obligation of
state institutions, or any other authority with assigned public duties to inform the public, to
explain, justify their decisions and actions. And it is about the right and responsibility of the
citizens to access information, get explanations, to check, and to pass judgement on the
conduct of those with public responsibilities
corporate accountability - ANSWERS -The performance of a publicly traded company in non-
financial areas such as social responsibility, sustainability and environmental performance. It
espouses that financial performance should not be a company's only important goal and that
shareholders are not the only people a company must be responsible to.
globalization - ANSWERS -Refers to the global integration of international trade, investment, IT
and cultures. Government policies designed to open economies domestically and
internationally to boost development in poorer countries and raise standards of living are what
drives globalization. It has created an international free market that mainly benefits MNCs
green washing - ANSWERS -An act that entails misleading consumers about the environmental
benefits of a product or policy through specious advertising, public relations and
unsubstantiated claims. The general idea is to create a benefit by appearing to be an
environmentally responsible company."
, blue washing - ANSWERS -Tactics that hide the harmful effects of a company's action on the
world's water. OR when a company uses their alignment with the UN and the Global Compact to
downplay, offset or hide their irresponsible actions
corporate social responsibility - ANSWERS -organizational actions that focus on operating as a
responsible global citizen.
Activities often focus on making a positive impact economically, socially and environmentally.
sustainability - ANSWERS -organizational actions that focus on meeting the needs of the present
without compromising the future.
corporation - ANSWERS -an organization that is a legal entity that is a group of people organized
around a certain business goal. It has some individual legal rights such as the ability to enter
contracts, borrow money, and be sued.
limited liability - ANSWERS -A type of corporation that enjoys some legal protection that limits
the risk associated with ownership in the company. For example, if a limited liability corporation
goes bankrupt, the owners and investors of the company are only liable, or responsible, for
their initial investment, not outstanding debts.
supply chain - ANSWERS -The network of organizations that are directly or indirectly involved in
developing a single product or line of products for an organization.
paternalism - ANSWERS -An original form of CSR in which the company acted as a "caring (and
sometimes controlling) father" for its workers and community. For example, iron and steel
companies in Pittsburgh in the early 1900s build homes, school, and libraries for their workers.
stewardship - ANSWERS -taking care of something...in this case companies taking care of their
societal responsibilities.
Correct Answers7
shareholders - ANSWERS -Also known as a stockholder, it is any person, company or institution
that owns at least one share of a company's stocks. Because shareholders own the company,
they reap the benefits of the company's successes in the form of increased stock valuation.
However, if the company does poorly and its stock declines, can lose money
democratic accountability - ANSWERS -Accountability describes the relation between state
institutions and people, private sector affected by their decisions. It is about the obligation of
state institutions, or any other authority with assigned public duties to inform the public, to
explain, justify their decisions and actions. And it is about the right and responsibility of the
citizens to access information, get explanations, to check, and to pass judgement on the
conduct of those with public responsibilities
corporate accountability - ANSWERS -The performance of a publicly traded company in non-
financial areas such as social responsibility, sustainability and environmental performance. It
espouses that financial performance should not be a company's only important goal and that
shareholders are not the only people a company must be responsible to.
globalization - ANSWERS -Refers to the global integration of international trade, investment, IT
and cultures. Government policies designed to open economies domestically and
internationally to boost development in poorer countries and raise standards of living are what
drives globalization. It has created an international free market that mainly benefits MNCs
green washing - ANSWERS -An act that entails misleading consumers about the environmental
benefits of a product or policy through specious advertising, public relations and
unsubstantiated claims. The general idea is to create a benefit by appearing to be an
environmentally responsible company."
, blue washing - ANSWERS -Tactics that hide the harmful effects of a company's action on the
world's water. OR when a company uses their alignment with the UN and the Global Compact to
downplay, offset or hide their irresponsible actions
corporate social responsibility - ANSWERS -organizational actions that focus on operating as a
responsible global citizen.
Activities often focus on making a positive impact economically, socially and environmentally.
sustainability - ANSWERS -organizational actions that focus on meeting the needs of the present
without compromising the future.
corporation - ANSWERS -an organization that is a legal entity that is a group of people organized
around a certain business goal. It has some individual legal rights such as the ability to enter
contracts, borrow money, and be sued.
limited liability - ANSWERS -A type of corporation that enjoys some legal protection that limits
the risk associated with ownership in the company. For example, if a limited liability corporation
goes bankrupt, the owners and investors of the company are only liable, or responsible, for
their initial investment, not outstanding debts.
supply chain - ANSWERS -The network of organizations that are directly or indirectly involved in
developing a single product or line of products for an organization.
paternalism - ANSWERS -An original form of CSR in which the company acted as a "caring (and
sometimes controlling) father" for its workers and community. For example, iron and steel
companies in Pittsburgh in the early 1900s build homes, school, and libraries for their workers.
stewardship - ANSWERS -taking care of something...in this case companies taking care of their
societal responsibilities.
