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. What is meant by the phrase CSR?

Corporate Social Responsibility correct incorrect

Company Social Responsibility correct incorrect

Corporate Society Responsibility correct incorrect

Company Society Responsibility correct incorrect

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. What is meant by the phrase 'teleological ethics'?

Is used to judge is an action is right, fair and honest. correct incorrect

An action can only be judged by its consequences. correct incorrect

Developing the individual personal characteristics. correct incorrect

The key purpose of ethics is to increase freedom. correct incorrect

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. For Karl Marx, where do our values come from?

They are a product of our upbringing and our parents. correct incorrect

They are a product of the economic system within which we live. correct incorrect

They are a product of social inequality. correct incorrect

They are a product of what we are taught at school. correct incorrect

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. What does Milton Friedman believe to be the sole responsibility of business?

The only social responsibility of business is to its shareholders. correct incorrect

Managers should act in ways that balance the interest of society and shareholders. correct incorrect

The primary responsibility organizations have is to its employees. correct incorrect

The primary responsibility organizations have is to its stakeholders. correct incorrect

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. What, according to Adam Smith, is the best way to promote collective interest?

Through government making decisions about what is in the public interest. correct incorrect

Through everyone working together to support each other. correct incorrect

Through everyone working on their own self-interest. correct incorrect

Through individuals forgoing their personal interest for the good of the collective. correct incorrect

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. Why, according to stakeholder theory, is it in companies' best interests to pay attention to their stakeholders?

If firms only act in their own self-interest employees may feel exploited. correct incorrect

If firms only act in their own self-interest government might put more regulation on them. correct incorrect

If firms only act in their own self-interest customers might not like the image that the company portray. correct incorrect

If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support. correct incorrect

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. What is the enlightened self-interest model of CSR?

That it is in an organization's own best interest to put itself first rather than its ethics. correct incorrect

That it is in an organization's best interest to consider what a shareholder would want. correct incorrect

That it is in an organization's own best interest to act in an ethical way. correct incorrect

That it is in an organization's own best interest to follow the legislation and abide by the law. correct incorrect

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. Which, of the following, is the correct order for Carroll's (1991) levels of corporate social responsibility?

Ecological responsibility, legal responsibilities, political responsibilities, philanthropic responsibilities correct incorrect

Economic responsibility, legal responsibilities, ethical responsibilities, philanthropic responsibilities correct incorrect

Economic responsibility, legal responsibilities, political responsibilities, philanthropic responsibilities correct incorrect

Social responsibility, legal responsibilities, societal responsibilities, philanthropic responsibilities correct incorrect

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. What is triple bottom line?

An accounting tool that looks at the impact on people, planet and profits. correct incorrect

A management strategy which states all the attention should be on profits. correct incorrect

An accounting tool that looks at cost, profit and loss. correct incorrect

A management strategy which focuses on corporate social responsibility. correct incorrect

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. Why do worker cooperatives run differently from conventional shareholder led approach?

They do not have shareholders. correct incorrect

They are run in ways which aim to provide a positive impact on society rather than to make profit. correct incorrect

They prioritise corporate social responsibility. correct incorrect

They aim to give money to charities and good causes. correct incorrect