Business > EXAM > Chapter 03 Corporate Social Responsibility True / False Questions (All)

Chapter 03 Corporate Social Responsibility True / False Questions

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Chapter 03 Corporate Social Responsibility True / False Questions 1. Corporate social responsibility is the idea that businesses interact with the organization's stakeholders for social good while... they pursue economic goals. True False 2. The capability of corporations to influence government, the economy, and society, based on their organizational resources is called the big business principle. True False 3. Huge businesses can disproportionately influence politics, shape tastes, and dominate public discourse. True False 4. Corporate power says that in the long run, those who do not use power in ways that society considers responsible will tend to lose it. True False 5. Only G-8 nations are affected by corporate operations, and as a result, social responsibility has not yet become a worldwide expectation. True False 6. The concept of corporate social responsibility is rooted in the meaning "to pledge back," creating a commitment to give back to society and the organization's stakeholders. True False 3-1Chapter 03 - Corporate Social Responsibility 7. Being socially responsible means that a company must abandon its other missions. True False 8. Business leaders who follow the stewardship principle believe they have an obligation to see that everyone benefits from the firms' actions. True False 9. Enlightened self-interest is the idea that the wealthiest members of society should be charitable toward those less fortunate. True False 10. As a response to the conflict between long- and short-term profit making, an enlightened self-interest point of view would be the least useful and practical approach. True False 11. Laws and regulations help create a level playing field for businesses that compete against one another. True False 12. Businesses [Show More]

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