GEB 4890 Chapter 9 Questions and Answers 2024 Correctly done

Which of the following statements does NOT accurately describe sustainability? - Answer-Sustainability requires that shareholders be prepared to accept lower returns to support environmental protection Which of the following receives a boost from corporate social agendas that address only social issues? - Answer-a company's reputation for corporate citizenship According to the triple bottom line, which of the following statements is NOT accurate? - Answer-The term plant refers to the company's overriding legal obligation to incorporate protection of the environment into its mission CSR strategies that are directly improving a company's "triple bottom line" focus on what type of performance metrics? - Answer-economic, environmental, and social metrics Which of the following is an intangible and invisible cost that companies incur when ethical wrongdoing is disclosed? - Answer-the cost of complying with often harsher government regulations businesses have a moral obligation to act in a socially responsible manner because - Answer-ordinary decency, civic-mindedness, and contributions to the well-being of society should be expected of any business Self-dealing occurs when managers - Answer-take advantage of their position to further their own private interests rather than those of the firms Which of the following statements is accurate concerning a company's environmental sustainability strategy? - Answer-The environmental strategy consists of its actions to protect the environment, provide for the longevity of natural resources, and maintain ecological support systems for future generations Company cultures that spawn an ethically corrupt or amoral work climate encourage - Answer-a tendency in employees to ignore "what's right" and engage in an behavior they think they can get away withWhich of the following statements best describes the core concepts of corporate social responsibility (CSR)? - 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