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Chapter 10 Multiple choice questions
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Chapter 10 Multiple choice questions
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Traditionally the core function of the company in society has been viewed predominantly as:
Providing products to customers
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incorrect
Maximizing shareholder value
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Taking care of the environment
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Create wealth for society
correct
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The notion that business can profoundly influence communities and their development, both for better and for worse has given rise to the concept of:
Corporate social responsibility
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incorrect
Protection of human rights
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Profit sharing
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Global value chain
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The notion that firms voluntarily adopt standards higher than locally required is based on the construct of:
Business ethics
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Accepting responsibility
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Legal compliance
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Social responsibility
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The notion that firms are stakeholders themselves and have an active role to play in society, refers to:
Corporate citizenship
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Business ethics
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Corporate social responsibility
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Corporate governance
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Management's decision on how workers should be rewarded is part of which domain of corporate social responsibility?
Economic responsibility
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Legal responsibility
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Ethical responsibility
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Discretionary responsibility
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Theory suggests that stakeholders should be assessed based on:
Power, legitimacy, urgency
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Power, legitimacy, dominance
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Power, legitimacy, dependence
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Legitimacy, demands, power
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How do businesses engage external stakeholders who have an immediate interest in the environmental concern of the product?
Ecolabel
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Ethical labels
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Fairtrade
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Ecomark
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Which Convention requires countries to ensure that corruption in all its forms is criminalized under domestic law?
United Nations Convention against Corruption
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OECD Anti-bribery Convention
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UN Global Compact
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US Foreign Corrupt Practices Act
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incorrect
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How is a firm's loss of legitimacy reflected?
Employee strike
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Subsidies to companies
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Tax concessions to companies
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Liberalization of rules and regulations
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What is the purpose of sustainable innovation?
Reduce the environmental footprint of the business
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Increase sales
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Reduce product life cycle
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Developing new products
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incorrect
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