BUSA 2106 1-3 QUESTIONS WITH VERIFIED
ANSWERS
Which of the following is one of the four types of corporate social responsibility? -
Answers - Philanthropic
What is "Stage 1" of social responsibility requirements? - Answers - Financial viability
The most basic principles of a nation have been codified into _______________ to
require that companies and managers conduct themselves in ways that conform to
society's expectations. - Answers - Laws and regulations
"Business ethics" refers to___________. - Answers - principles and standards that
guide behavior in the business world
What is the glue that holds organizations together and allows them to focus on
efficiency, productivity, and profits? - Answers - trust
Many studies have identified a positive relationship between social responsibility and
_______________. - Answers - financial performance
Organizations must show that they have exceeded their _______________ before they
can address their ethical purposes and standards. - Answers - Legal responsibilities
Which is the following is a vision statement? - Answers - a description of a company's
current and future objectives to help align decisions with their philosophy and goals
Which of the following is most closely related to developing long-term relationships with
customers? - Answers - Customer loyalty
Which of the following created formalized safeguards for unsuspecting consumers? -
Answers - Consumer protection laws
_______________ is grounded in effective and mutually beneficial relationships with
customers, employees, investors, competitors, government, the community, and others
who have a stake in the company. - Answers - social responsibility
A company whose managers hold a strong _______________ orientation often
becomes quite proactive in managing and changing conditions that yield economic
benefits, including avoiding litigation and increased regulation. - Answers - social
responsibility
, Which of the following refers to unique advantages that differentiate a firm from its
competitors? - Answers - Core competencies
Strategic _______________ is realized when a company has integrated a range of
expectations, desires, and constituencies into its strategic direction and planning
processes. - Answers - social responsibility
Which of the following is a theory stating that the value of a resource is viewed relative
to its potential to create competitive differentiation or customer value? - Answers -
Resource advantage theory
_______________ is associated with the development of social conditions that allow
societal welfare and fulfillment to be achieved - Answers - The common good
Satisfying the expectations of social responsibility is a _____________. - Answers -
Never-ending process of continuous improvement
_________________ are shared values, attitudes, and beliefs that characterize
members of an organization. - Answers - Corporate culture
Employees that work in a strong ethical culture are more likely to do which of the
following? - Answers - Report observed misconduct
"Values" are defined as _______________. - Answers - enduring beliefs and ideals that
are socially enforced
Employee commitment stems from _______________. - Answers - employees who are
empowered with training and autonomy
Those who have a claim on some aspect of a company's products, industry, markets,
and outcomes are referred to as _______________. - Answers - stakeholders
A "code of conduct" refers to _______________. - Answers - a written collection of the
rules, principles, values, and expectations of employee behavior.
During which stage of social responsibility requirements do companies contribute to
their communities and society and improve the quality of life? - Answers - Philanthropic
activities
Principles are defined as_____________. - Answers - specific and universal boundaries
for behavior that should not be violated
_______________ refers to the process of involving stakeholders who may be affected
by an organization's decisions or that may influence the content or implementation of
the organization's decisions. - Answers - Stakeholder engagement
ANSWERS
Which of the following is one of the four types of corporate social responsibility? -
Answers - Philanthropic
What is "Stage 1" of social responsibility requirements? - Answers - Financial viability
The most basic principles of a nation have been codified into _______________ to
require that companies and managers conduct themselves in ways that conform to
society's expectations. - Answers - Laws and regulations
"Business ethics" refers to___________. - Answers - principles and standards that
guide behavior in the business world
What is the glue that holds organizations together and allows them to focus on
efficiency, productivity, and profits? - Answers - trust
Many studies have identified a positive relationship between social responsibility and
_______________. - Answers - financial performance
Organizations must show that they have exceeded their _______________ before they
can address their ethical purposes and standards. - Answers - Legal responsibilities
Which is the following is a vision statement? - Answers - a description of a company's
current and future objectives to help align decisions with their philosophy and goals
Which of the following is most closely related to developing long-term relationships with
customers? - Answers - Customer loyalty
Which of the following created formalized safeguards for unsuspecting consumers? -
Answers - Consumer protection laws
_______________ is grounded in effective and mutually beneficial relationships with
customers, employees, investors, competitors, government, the community, and others
who have a stake in the company. - Answers - social responsibility
A company whose managers hold a strong _______________ orientation often
becomes quite proactive in managing and changing conditions that yield economic
benefits, including avoiding litigation and increased regulation. - Answers - social
responsibility
, Which of the following refers to unique advantages that differentiate a firm from its
competitors? - Answers - Core competencies
Strategic _______________ is realized when a company has integrated a range of
expectations, desires, and constituencies into its strategic direction and planning
processes. - Answers - social responsibility
Which of the following is a theory stating that the value of a resource is viewed relative
to its potential to create competitive differentiation or customer value? - Answers -
Resource advantage theory
_______________ is associated with the development of social conditions that allow
societal welfare and fulfillment to be achieved - Answers - The common good
Satisfying the expectations of social responsibility is a _____________. - Answers -
Never-ending process of continuous improvement
_________________ are shared values, attitudes, and beliefs that characterize
members of an organization. - Answers - Corporate culture
Employees that work in a strong ethical culture are more likely to do which of the
following? - Answers - Report observed misconduct
"Values" are defined as _______________. - Answers - enduring beliefs and ideals that
are socially enforced
Employee commitment stems from _______________. - Answers - employees who are
empowered with training and autonomy
Those who have a claim on some aspect of a company's products, industry, markets,
and outcomes are referred to as _______________. - Answers - stakeholders
A "code of conduct" refers to _______________. - Answers - a written collection of the
rules, principles, values, and expectations of employee behavior.
During which stage of social responsibility requirements do companies contribute to
their communities and society and improve the quality of life? - Answers - Philanthropic
activities
Principles are defined as_____________. - Answers - specific and universal boundaries
for behavior that should not be violated
_______________ refers to the process of involving stakeholders who may be affected
by an organization's decisions or that may influence the content or implementation of
the organization's decisions. - Answers - Stakeholder engagement
