* not completed

. Which of the following statements best describes Corporate Social Responsibility?

A corporation's requirement to make as much profit as possible. correct incorrect

A corporation's obligation to society that goes beyond the requirements of the law and economics to take into account the social and environmental impact of its decisions. correct incorrect

A corporation's obligation to consider the impact of its decisions on the environment. correct incorrect

The duty of care a corporation has to its employees and customers. correct incorrect

* not completed

. Which of the following pairs would fit the principal/agent relationship?

Manager/owner. correct incorrect

Shareholder/customer. correct incorrect

Manager/shareholder. correct incorrect

Shareholder/manager. correct incorrect

* not completed

. Which of the following arguments was NOT put forward by Friedman in his criticism of the idea of CSR?

Managers are not experts in social welfare or in dealing with environmental problems. correct incorrect

Managers are the agents of the owners and should act in their best interest. correct incorrect

Corporations have responsibilities. correct incorrect

Using funds for purposes other than profit maximization would be undemocratic. correct incorrect

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. 'Enlightened Shareholder Value' or 'enlightened self-interest' refers to which of the following?

The pursuit of short term profit maximization to increase the value of shares. correct incorrect

The pursuit of short term profit maximization to increase dividends. correct incorrect

That stakeholder engagement reduces profits. correct incorrect

The idea that CSR can help companies increase their profits and therefore dividends and share value. correct incorrect

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. The moral case for CSR, i.e. that it is the right thing to do, is justified by which of the following arguments?

That the corporation is a creation of society and should therefore serve its needs. correct incorrect

That the corporation is a legal creation and therefore cannot be a moral agent. correct incorrect

Large corporations do not have the power or resources to address society's problems. correct incorrect

Business decisions will have social and environmental consequences which will be addressed by governments. correct incorrect

* not completed

. Which of the following form part of the business case for CSR?

Better motivated staff reduce operating costs. correct incorrect

Increased brand value and reputation. correct incorrect

The maintenance of the 'licence to operate'. correct incorrect

All of the options given. correct incorrect

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. Cultural relativism could be described as:

Adopting a universal set of principles wherever business operates. correct incorrect

'When in Rome, do as the Romans do'. correct incorrect

Taking an ethnocentric approach to business decision making. correct incorrect

An approach which recognizes country differences but, because there are so many differences, adopts home country standards wherever they operate. correct incorrect

* not completed

. Which of the following is NOT a true statement in highlighting problems associated with bribery and corruption?

It adds substantially to the cost of doing business. correct incorrect

It can undermine the democratic process. correct incorrect

It may divert resources away from public service projects such as schools and hospitals. correct incorrect

It is commonly accepted and just another feature of a properly working market economy. correct incorrect

* not completed

. Which of the following reasons for child work is a 'pull' factor?

Poverty. correct incorrect

Cheap labour correct incorrect

Lack of educational opportunities. correct incorrect

All of the options given. correct incorrect

* not completed

. Which of the following reasons for child work is a 'push' factor?

Poverty. correct incorrect

Lack of educational opportunities. correct incorrect

Family breakdown. correct incorrect

All of the options given. correct incorrect