SCM 300 EXAM Guide 3 ASU Questions and Answers | 100% Correct Answer | Grade A+

The 3 Parts of Corporate Social Responsibility (CSR) Ans: - legal and ethical, serves and community/society, environmental sustainability. Reasons to be Socially Responsible: Ans: - Avoid legal issues, government regulation, and fines, - Responsibility as a global/local citizen, - Business risks - political, resource shortage, population growth, climate change - Business opportunities - increased profits, lower costs? Maintain business operations? Develop socially responsible competitive weapons Links between SCM and SR Ans: - How SCM can help companies become more socially responsible o Eliminate waste o Legal and Ethical Business practices o Improve quality of life Challenges of being SR Ans: - What's the right thing to do? - Monitoring supply chain partners (and yourself) - Tracking outcomes across the SC - How supply chains can be socially irresponsible o Customer related issues o Business partner related issues - Buyers and Suppliers o Labor related issues o Culture related issues o Country and community related issues o Environment related issues Ethical Issues in SCM Ans: - Obey laws - Choosing ethical business partn