MQM 385 Chapter 2 Questions with
Solutions
A society more satisfied with corporate social responsiveness,
performance, and citizenship will invariably have reduced criticism of
business. - 🧠 ANSWER ✔✔True
The marketplace in the classical view of economics, while being a good
allocator of goods and services, does not do a good job of ensuring that
business always acts fairly and ethically. - 🧠 ANSWER ✔✔True
Philanthropy is the term by Adam Smith in Wealth of Nations to describe
the operation of self interest resulting in the good of society. - 🧠 ANSWER
✔✔False
, The company town, in which a major employer builds homes and
commercial buildings, and provides the goods and services needed by its
employees, is an example of paternalistic social responsibility. - 🧠
ANSWER ✔✔True
In Carroll's four-part defmition of corporate social responsibility, ethical
responsibilities are required of business only by society, and not by
businesses themselves. - 🧠 ANSWER ✔✔False
In practical terms, the socially responsible firm mw;t be involved in
philanthropy, as society expects it. - 🧠 ANSWER ✔✔False
The CSR Pyramid is a stakeholder model--that is, each of its components
addresses different stakeholders. - 🧠 ANSWER ✔✔True
Friedman never proposed that businesses had any obligation to act
ethically. - 🧠 ANSWER ✔✔False
An argument for corporate social responsibility is that it helps business
compete in the global economy. - 🧠 ANSWER ✔✔False
Proponents of the concept of corporate social responsiveness believe that
the focus of corporate social responsibility on accountability or obligation is
Solutions
A society more satisfied with corporate social responsiveness,
performance, and citizenship will invariably have reduced criticism of
business. - 🧠 ANSWER ✔✔True
The marketplace in the classical view of economics, while being a good
allocator of goods and services, does not do a good job of ensuring that
business always acts fairly and ethically. - 🧠 ANSWER ✔✔True
Philanthropy is the term by Adam Smith in Wealth of Nations to describe
the operation of self interest resulting in the good of society. - 🧠 ANSWER
✔✔False
, The company town, in which a major employer builds homes and
commercial buildings, and provides the goods and services needed by its
employees, is an example of paternalistic social responsibility. - 🧠
ANSWER ✔✔True
In Carroll's four-part defmition of corporate social responsibility, ethical
responsibilities are required of business only by society, and not by
businesses themselves. - 🧠 ANSWER ✔✔False
In practical terms, the socially responsible firm mw;t be involved in
philanthropy, as society expects it. - 🧠 ANSWER ✔✔False
The CSR Pyramid is a stakeholder model--that is, each of its components
addresses different stakeholders. - 🧠 ANSWER ✔✔True
Friedman never proposed that businesses had any obligation to act
ethically. - 🧠 ANSWER ✔✔False
An argument for corporate social responsibility is that it helps business
compete in the global economy. - 🧠 ANSWER ✔✔False
Proponents of the concept of corporate social responsiveness believe that
the focus of corporate social responsibility on accountability or obligation is
