Business Ethics Chapter 4 || SOLVED!!
Corporate Citizenship correct answers Refers to businesses acting responsibly toward their
stakeholders.
Corporate Citizenship Involves: correct answers > proactively addressing business and
society issues,
> building stakeholder partnerships,- (BUY IN)
> discovering business opportunities through social strategic goals, and
> transforming a concern for financial performance into a vision of corporate financial and
social performance.
Principles of Corporate Citizenship correct answers Good corporate citizens strive to conduct
all business dealings in an ethical manner, make a concerned effort to balance the needs of all
stakeholders, (stockholders, employees, customers etc.) while working to protect the
environment.
Global Corporate Citizenship correct answers The process of identifying, analyzing, and
responding to the company's social, political, and economic responsibilities as defined
through law and public policy, stakeholder expectations, and voluntary acts flowing from
corporate values (culture) and business strategies.
Framework for Corporate Citizenship correct answers > Concentrate action programs on
limited objectives.
> Concentrate action programs related to the firm's products or services.
> Begin action programs close to home.
> Facilitate employee action.
Transparency correct answers Growing demand by stakeholders for companies to report
publicly the results of their financial, social and environmental performance audits
Social Performance Audit correct answers A systematic evaluation of an organization's social
and ethical performance, examining the social and ethical impact of a business against two
benchmarks: a company's own mission statement and the behavior of other organizations and
social norms.
Triple Bottom Line**** correct answers When companies report to stakeholders not just
their financial results but also their environmental and social impacts. Financial, social and
environmental results, taken together as an integrated whole, constitute a company's triple
bottom line.
Corporate Citizenship correct answers Refers to businesses acting responsibly toward their
stakeholders.
Corporate Citizenship Involves: correct answers > proactively addressing business and
society issues,
> building stakeholder partnerships,- (BUY IN)
> discovering business opportunities through social strategic goals, and
> transforming a concern for financial performance into a vision of corporate financial and
social performance.
Principles of Corporate Citizenship correct answers Good corporate citizens strive to conduct
all business dealings in an ethical manner, make a concerned effort to balance the needs of all
stakeholders, (stockholders, employees, customers etc.) while working to protect the
environment.
Global Corporate Citizenship correct answers The process of identifying, analyzing, and
responding to the company's social, political, and economic responsibilities as defined
through law and public policy, stakeholder expectations, and voluntary acts flowing from
corporate values (culture) and business strategies.
Framework for Corporate Citizenship correct answers > Concentrate action programs on
limited objectives.
> Concentrate action programs related to the firm's products or services.
> Begin action programs close to home.
> Facilitate employee action.
Transparency correct answers Growing demand by stakeholders for companies to report
publicly the results of their financial, social and environmental performance audits
Social Performance Audit correct answers A systematic evaluation of an organization's social
and ethical performance, examining the social and ethical impact of a business against two
benchmarks: a company's own mission statement and the behavior of other organizations and
social norms.
Triple Bottom Line**** correct answers When companies report to stakeholders not just
their financial results but also their environmental and social impacts. Financial, social and
environmental results, taken together as an integrated whole, constitute a company's triple
bottom line.
