Question 1

Which of the following statements is true of corporate funds?

Accepted Answer

A)  Although political action committees' contributions are voluntary,corporate employees often feel pressured to participate.
B)  Corporations cannot solicit contributions from employees,shareholders,and others.
C)  Corporations cannot lawfully establish political action committees to solicit and disburse voluntary campaign contributions.
D)  Corporate funds can lawfully be given directly to candidates for federal office.E) B) and D)
F) A) and B)

Question 2

According to stakeholder advocates,simply maximizing the interests of the primary stakeholders of a corporation,would satisfy a corporation's social duties.

Accepted Answer

A) True 
 B)False

Question 3

According to critics,which of the following is the impact of an economic structure that is concentrated?

Accepted Answer

A)  Companies and industries are no longer fully responsive to market commands.
B)  The government has been able to regulate powerful companies without much trouble.
C)  Concentrated structure has helped in increasing meaningful competitiveness in the American market.
D)  There has been a significant decrease in complaints about the corporate role in pollution.E) B) and C)
F) A) and D) A

Question 4

Which of the following statements is true of Carroll's Social Responsibility Pyramid?

Accepted Answer

A)  A company's primary responsibility involves engagement in philanthropic endeavors.
B)  A firm's economic responsibilities should be limited to breaking even,and all profit should be invested in the community.
C)  A company's social responsibility begins with making a profit lawfully.
D)  A socially responsible firm would focus primarily on its discretionary and ethical responsibilities and would minimize its focus on economic gain.E) A) and C)
F) A) and B)

Question 5

A company that adopts the shareholder approach to business would be most likely to make _____ its top priority.

Accepted Answer

A)  social responsibility
B)  sustainability
C)  employee welfare
D)  profitE) None of the above
F) B) and D)

Question 6

The 501(c) 4 groups are particularly attractive because:

Accepted Answer

A)  contributors' names need not be disclosed.
B)  the names of Super PAC donors need not be disclosed.
C)  these organizations cannot make political contributions in support of their goals.
D)  contributions collected by these groups do not have to be spent on political advertising.E) B) and C)
F) A) and C)

Question 7

Which of the following best defines the stakeholders of a corporation?

Accepted Answer

A)  All those who stand to gain from the corporation's success
B)  All those who have invested financially in the corporation's activities
C)  All the groups that may significantly affect the corporation's performance or be affected by it
D)  All those whose livelihood depends directly on the corporation itselfE) C) and D)
F) B) and C)

Question 8

Compare,from a corporate social responsibility point of view,the corporate policies of Walmart and Costco.

Accepted Answer

The shareholder/stakeholder debate is we...

Question 9

Which of the following is the first global standard which measures companies' social and environmental records?

Accepted Answer

A)  The North American Free Trade Agreement
B)  The Social Accountability 8000
C)  The International Organization of Standardization 9000
D)  The Environmental Auditing StandardsE) A) and B)
F) A) and C)

Question 10

Which of the following statements is true of shared value advocates?

Accepted Answer

A)  They believe that an entrepreneurial,profit-seeking,and capitalist approach is the most beneficial way to correct social problems.
B)  They expect businesses to recognize that their goal must be creating shared value rather than profit per se.
C)  They believe that nonprofit organizations are the most powerful institutions for creating shared value among the members of the society.
D)  They expect businesses to focus on maximization of profit and to propagate the shared values of the immediate shareholders.E) C) and D)
F) A) and B)

Question 11

Social enterprise is a movement in which people launch for profits programs,addressing social problems.

Accepted Answer

A) True 
 B)False

Question 12

Business was largely exempt from any affirmative duty for the resolution of social problems until the 1950s when business scholars and critics began to encourage a broader conception of corporate duty.

Accepted Answer

A) True 
 B)False

Question 13

Free markets are more efficient decision makers than government rules.Which of the following is a result of the efficient decisions made by free markets?

Accepted Answer

A)  National boundaries are becoming stronger.
B)  Technology is shrinking the globe.
C)  Financial assets have stopped flowing freely.
D)  The standards of living of less developed countries have decreased.E) A) and B)
F) A) and C)

Question 14

Digi V,an electronics company,focuses on striking a balance between its profits and its responsibility toward the environment.It uses biodegradable substances to manufacture its products and has over the years attracted many loyal customers who are concerned about the environment.The strategy used by Digi V is an example of the:

Accepted Answer

A)  profit maximization approach.
B)  monopolistic approach.
C)  triple bottom-line approach.
D)  shareholder approach.E) B) and D)
F) All of the above

Question 15

A firm that adopts the triple bottom-line approach:

Accepted Answer

A)  does not follow market principles in its business processes.
B)  believes there is only one social responsibility of business-to use its resources to engage in activities designed to increase its profits.
C)  focuses on the legal and economic responsibilities of Carroll's Social Responsibility Pyramid and does not consider discretionary responsibilities.
D)  considers its social and environmental responsibilities as important as its financial responsibilities.E) C) and D)
F) B) and C)

Question 16

Social Accountability Accreditation Services accredits companies that meet the Social Accountability 8000 standards in the area of child labor.

Accepted Answer

A) True 
 B)False

Question 17

The perception of business misdeeds or indifference,in conjunction with the growing influence of business values throughout American life,has led in recent decades to the development of the doctrine of corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following best describes the historical view of business responsibilities till the first half of the twentieth century?

Accepted Answer

A)  Businesses had to assume the affirmative duty of the resolution of social problems.
B)  Businesses were expected to give close accounting attention to their social and environmental performance as well as financial performance.
C)  The duty of businesses was the production and distribution of the best products and services at the lowest possible prices.
D)  The primary duty of businesses was operation with a focus on environmentally sensitive practices to husband scarce resources.E) A) and B)
F) All of the above

Question 19

Why is there a growing need to move beyond corporate social responsibility (CSR) to a business model labeled creating shared value (CSV)?

Accepted Answer

Michael Porter,highly influential professor and corporate consultant,and others have recently been arguing for moving beyond CSR to a business model labeled creating shared value (CSV).They see creating shared value as a new form of capitalism that enhances economic competitiveness while simultaneously advancing social returns.They argue that CSR has often been treated merely as a necessary expense and a way to improve a firm's reputation.
According to Porter and others,moving beyond philanthropy,good citizenship,and sustainability to integrating social value into the creation of economic value is the most effective way of achieving social progress.Nestlé,for example,strives to create shared value by making nutritious,profitable products while protecting scarce water resources and helping coffee growers secure financing and improve production.Nestlé and other shared value advocates are identifying those opportunities where social and economic value creation align,thus enabling them to achieve favorable sustainability results for communities while also making money for shareholders.
Low-cost cell phones,for example,can be profitable while serving poorer populations.Shared value advocates see businesses as the most powerful institutions for social change,but they also expect those businesses to recognize that their goal must be creating shared value rather than profit per se.

Question 20

Corporate funds can lawfully be given directly to candidates for federal office.

Accepted Answer

A) True 
 B)False  False

Exam 3: The Corporation and Public Policy: Expanding Responsibilities

Which of the following statements is true of corporate funds?

Correct Answer
verified

According to stakeholder advocates,simply maximizing the interests of the primary stakeholders of a corporation,would satisfy a corporation's social duties.

Correct Answer
verified

According to critics,which of the following is the impact of an economic structure that is concentrated?

Correct Answer
verified
A

Which of the following statements is true of Carroll's Social Responsibility Pyramid?

Correct Answer
verified

A company that adopts the shareholder approach to business would be most likely to make _____ its top priority.

Correct Answer
verified

The 501(c) 4 groups are particularly attractive because:

Correct Answer
verified

Which of the following best defines the stakeholders of a corporation?

Correct Answer
verified

Compare,from a corporate social responsibility point of view,the corporate policies of Walmart and Costco.

Correct Answer
verified
The shareholder/stakeholder debate is we...
View Answer

Which of the following is the first global standard which measures companies' social and environmental records?

Correct Answer
verified

Which of the following statements is true of shared value advocates?

Correct Answer
verified

Social enterprise is a movement in which people launch for profits programs,addressing social problems.

Correct Answer
verified

Business was largely exempt from any affirmative duty for the resolution of social problems until the 1950s when business scholars and critics began to encourage a broader conception of corporate duty.

Correct Answer
verified

Free markets are more efficient decision makers than government rules.Which of the following is a result of the efficient decisions made by free markets?

Correct Answer
verified

Correct Answer
verified

A firm that adopts the triple bottom-line approach:

Correct Answer
verified

Social Accountability Accreditation Services accredits companies that meet the Social Accountability 8000 standards in the area of child labor.

Correct Answer
verified

The perception of business misdeeds or indifference,in conjunction with the growing influence of business values throughout American life,has led in recent decades to the development of the doctrine of corporate social responsibility.

Correct Answer
verified

Which of the following best describes the historical view of business responsibilities till the first half of the twentieth century?

Correct Answer
verified

Why is there a growing need to move beyond corporate social responsibility (CSR) to a business model labeled creating shared value (CSV)?

Corporate funds can lawfully be given directly to candidates for federal office.

Correct Answer
verified
False

Exam 3: The Corporation and Public Policy: Expanding Responsibilities

Which of the following statements is true of corporate funds?

Correct AnswerverifiedShow Answer

According to stakeholder advocates,simply maximizing the interests of the primary stakeholders of a corporation,would satisfy a corporation's social duties.

Correct AnswerverifiedShow Answer

According to critics,which of the following is the impact of an economic structure that is concentrated?

Correct AnswerverifiedA

Which of the following statements is true of Carroll's Social Responsibility Pyramid?

Correct AnswerverifiedShow Answer

A company that adopts the shareholder approach to business would be most likely to make _____ its top priority.

Correct AnswerverifiedShow Answer

The 501(c) 4 groups are particularly attractive because:

Correct AnswerverifiedShow Answer

Which of the following best defines the stakeholders of a corporation?

Correct AnswerverifiedShow Answer

Compare,from a corporate social responsibility point of view,the corporate policies of Walmart and Costco.

Correct AnswerverifiedThe shareholder/stakeholder debate is we...View AnswerShow Answer

Which of the following is the first global standard which measures companies' social and environmental records?

Correct AnswerverifiedShow Answer

Which of the following statements is true of shared value advocates?

Correct AnswerverifiedShow Answer

Social enterprise is a movement in which people launch for profits programs,addressing social problems.

Correct AnswerverifiedShow Answer

Business was largely exempt from any affirmative duty for the resolution of social problems until the 1950s when business scholars and critics began to encourage a broader conception of corporate duty.

Correct AnswerverifiedShow Answer

Free markets are more efficient decision makers than government rules.Which of the following is a result of the efficient decisions made by free markets?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A firm that adopts the triple bottom-line approach:

Correct AnswerverifiedShow Answer

Social Accountability Accreditation Services accredits companies that meet the Social Accountability 8000 standards in the area of child labor.

Correct AnswerverifiedShow Answer

The perception of business misdeeds or indifference,in conjunction with the growing influence of business values throughout American life,has led in recent decades to the development of the doctrine of corporate social responsibility.

Correct AnswerverifiedShow Answer

Which of the following best describes the historical view of business responsibilities till the first half of the twentieth century?

Correct AnswerverifiedShow Answer

Why is there a growing need to move beyond corporate social responsibility (CSR) to a business model labeled creating shared value (CSV)?

Corporate funds can lawfully be given directly to candidates for federal office.

Correct AnswerverifiedFalse

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A

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verified
The shareholder/stakeholder debate is we...
View Answer

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verified

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False