What is meant by the phrase CSR?
Answer: Corporate Social Responsibility
What does Milton Friedman believe to be the sole responsibility of business?
Answer: The only social responsibility of business is to its shareholders
What is the enlightened self-interest model of CSR?
Answer: That it is in an organization's own best interest to act in an ethical way
What does the importance of ethical behaviour, integrity and trust call into question?
Answer: The extent to which managers should attempt to change the underlying beliefs and values of individual followers
Which of the following would most effectively act as the primary objective of a business organisation?
Which of the following does the term Corporate Social Responsibility relate to?
What is Ethics to do with?
Which legislation relates to the concept of business ethics?
Answer: Freedom of Information Act
A stakeholder orientation includes all of the following activities except:
Answer: Minimizing The Influence Of Stakeholder Information On The Firm
A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong.
What type of justice exists if employees are being open, honest, and truthful in their communications at work?
Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can:
Atmospheric issues include all of the following except:
Most companies begin the process of establishing organizational ethics programs by developing:
When a firm charges different prices to different groups of customers, it may be accused of:
Answer: Cultural Relativism
Successful global initiatives addressing standards for business must begin and end with:
Answer: the role of corporate governance and shareholder power in corporate decision making
The social economy partnership philosophy emphasizes:
Answer: Cooperation And Assistance
Which of the following is a problem presented by ethics audits?
Answer: Selecting auditors may be difficult
The first step in the auditing process should be to secure the commitment of:
Answer: Top Executives And Directors
____________ refers to a strategic process involving stakeholder assessment to create long-term relationships with customers, while maintaining, supporting, and enhancing the natural environment.