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BGS: Chapter 05
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Questions in this quiz (60)
1The duty of a company to create wealth in ways that do not harm society and that protect society's assets is called corporate social responsibility.
- ATrue
- BFalse
2Corporate social responsibility has a definite, universal meaning.
- ATrue
- BFalse
3Corporate social responsibility is primarily a management theory rather than a political theory.
- ATrue
- BFalse
4During the Progressive era in U.S. history, business managers were considered to be "trustees" of their local communities.
- ATrue
- BFalse
5Conservative economists believe that businesses act most responsibly when they make a profit in efficient ways and that they should not be involved in "social projects."
- ATrue
- BFalse
6Milton Friedman believes that managers are "employees" of the owners of the company for which they work.
- ATrue
- BFalse
7Friedman believes that the sole objective of management should be to maximize the company's profits.
- ATrue
- BFalse
8The idea that the sole responsibility of a corporation is to optimize profits while still obeying the law is called Friedmanism.
- ATrue
- BFalse
9There exist universal rules for social responsibility that apply to every company.
- ATrue
- BFalse
10The greatest responsibility of corporations is to provide economic benefits.
- ATrue
- BFalse
11There is a fixed, neutral definition of social responsibility that fits every company.
- ATrue
- BFalse
12It is possible to rank corporations objectively in terms of their social responsibility
- ATrue
- BFalse
13International law is very strong in addressing the social impacts of businesses.
- ATrue
- BFalse
14Large corporations often find stronger restraints on their operations in foreign countries.
- ATrue
- BFalse
15In international law, when one country exercises jurisdiction over actions that occur within another country, it is called extraterritoriality.
- ATrue
- BFalse
16"Soft law" creates binding obligations for corporations.
- ATrue
- BFalse
17Soft law refers to statements of philosophy, policy and principle found in nonbonding international conventions.
- ATrue
- BFalse
18In the realm of international law,”hard law” is found mainly in treaties and creates prohibitions and duties.
- ATrue
- BFalse
19A norm is a standard that arises over time and is enforced by law.
- ATrue
- BFalse
20When an industry receives a lot of complaints from critics, it sometimes sets up its own industry code of conduct.
- ATrue
- BFalse
21One of the reasons that industries like to create their own codes of conduct is that the organization that supervises the actions of member organizations is likely to be lenient to these members in terms of the strict enforcement of the code.
- ATrue
- BFalse
22Regardless of the source of a code of conduct, the target is the corporation.
- ATrue
- BFalse
23The Global Compact defines both specific data for measuring performance and procedures for compiling reports.
- ATrue
- BFalse
24Management standard is a model of the methods an organization can use to achieve certain goals.
- ATrue
- BFalse
25NGOs, working through the UN, gained power by fabricating hard laws to raise expectations of corporate behavior and then attacked the reputations of noncompliant firms.
- ATrue
- BFalse
26The duty of a corporation to avoid harm to the assets of society is called:
- AThe service principle.
- BCorporate social responsibility.
- CBlue washing.
- DUltra vires.
27These are people who believe in the maximum freedom to act or use property without interference by others, especially government.
- ALibertarians.
- BDemocrats.
- CRepublicans.
- DConservatives.
28The idea that corporations have duties that go beyond their economic functions is a fundamental tenet in:
- ABlue washing.
- BHard law.
- CCorporate social responsibility.
- DThe snowball clause.
29Libertarians advocate:
- AResource allocation based on political pressures.
- BExpansive exercise of social responsibility.
- CLaissez-faire.
- DControlled markets.
30The idea that charitable giving interferes with the natural evolutionary process in which society improves itself is a fundamental tenet in:
- AThe Global Compact.
- BThe service principle.
- CScientific philanthropy.
- DSocial Darwinism.
31Who was a leading advocate of the doctrine of social Darwinism?
- AHerbert Spencer.
- BAdam Smith.
- CFriedrich Engels.
- DKarl Marx.
32All of the following statements about social Darwinism are true EXCEPT:
- AIt uses evolution to explain the dynamics of human society.
- BIt believed in the idea of "survival of the fittest".
- CIt is a philosophy of the late 1900s.
- DIt implied that rich people and dominant companies were morally superior.
33When a corporation wants to give charitable gifts but its charter does not state that this type of action is permitted, the idea that these gifts are "beyond the law" is called:
- ABlue washing.
- BUltra vires.
- CThe snowball clause.
- DScientific philanthropy.
34The idea that managers help society by making their companies profitable is called:
- ABlue washing.
- BThe snowball clause.
- CThe service principle.
- DAn external cost.
35All of the following statements were the interrelated themes of broader responsibility that emerged during the Progressive era EXCEPT:
- AManagers were trustees, whose corporate roles put them in positions of power.
- BManagers had an obligation to balance multiple interests.
- CMany managers subscribed to the service principle.
- DManagers concentrated more on promoting their self-interests.
36Businesses are most responsible when they make a profit efficiently and do not spend their energies on "social projects". The best-known advocate of this view is:
- AMilton Friedman.
- BRalph Nader.
- CBill Gates.
- DAndrew Carnegie.
37This is a concentric circle of clear-cut responsibility for efficient execution of the economic function resulting in products, jobs and economic growth.
- AIntermediate circle.
- BInner circle.
- CExpanding circle.
- DOuter circle.
38Identify the concentric circle of responsibility that encompasses responsibility to exercise economic function with a sensitive awareness of changing social values and priorities.
- AIntermediate circle.
- BExpanding circle.
- COuter circle.
- DInner circle.
39This concentric circle of responsibility outlines newly emerging and still amorphous responsibilities that business should assume to improve the social environment, even if they are not directly related to specific business processes.
- AOuter circle.
- BInner circle.
- CExpanding circle.
- DIntermediate circle.
40The idea that the sole responsibility of a business is to maximize profits while acting within the law is a fundamental tenet in:
- AScientific philanthropy.
- BFriedmanism.
- CBlue washing.
- DThe service principle.
41Which of the following are responses to competitive forces in markets?
- APrivate regulations.
- BMandated actions.
- CMarket actions.
- DVoluntary actions.
42These are initiatives required either by government regulation or civil regulation.
- AMandated actions.
- BVoluntary actions.
- CBlue washing actions.
- DService principles.
43Civil regulation is also known as:
- APrivate regulation.
- BUnrestricted regulation.
- CPublic regulation.
- DRestricted regulation.
44When a worthwhile action of a company goes above and beyond what is required by government regulations, it is called a(n):
- AMandated action.
- BSnowball effect.
- CVoluntary action.
- DExternal cost.
45When a company reduces its pollution output below the level required by government regulations, it is an example of a(n):
- AVoluntary action.
- BBlue washing action.
- CMandated action.
- DSnowball action.
46When Benetton conducted an anti-death-penalty advertising campaign in the U.S., it was an example of a(n):
- AMandated action.
- BBlue washing action.
- CVoluntary action.
- DSnowball action.
47When society pays a cost that is caused by a company but this cost is not paid by the company or its customers, it is called a(n):
- AInternal cost.
- BExternal cost.
- CPrivate cost.
- DExtraterritorial cost.
48When a factory dumps toxic waste into a stream, it is an example of what type of cost to society?
- AExternal cost.
- BInternal cost.
- CPrivate cost.
- DExtraterritorial cost.
49When a company exercises jurisdiction over the actions of another company that occur within another country, it is called:
- AAn external cost.
- BExtraterritoriality.
- CBlue washing.
- DSnowballing.
50These are statements of policy found in non-binding international statements that serve as guidelines for interpreting hard law.
- ABlue law.
- BSoft law.
- CThe Sullivan principles.
- DThe Caux round table principles.
51Legally-binding agreements that are found in international law are called:
- AHard law.
- BSullivan principles.
- CThe service principle.
- DSoft law.
52In international law, treaties between nations are an example of:
- AUltra vires.
- BHard law.
- CThe service principle.
- DSoft law.
53This is a standard that arises over time and is enforced by social sanction or law.
- ARule.
- BNorm.
- CTheory.
- DPrinciple.
54The declaration adopted by the General Assembly of the UN in 1948 that recognizes equal rights for all members of the human family is the:
- AUniversal Declaration of Human Rights.
- BGlobal compact.
- CTripartite declaration.
- DFTSE4good global index.
55According to the text, these are formal statements of aspirations, principles, guidelines and rules for corporate behavior.
- ACodes of conduct.
- BService principles.
- CDoctrines.
- DNorms.
56All of the following statements are true of codes of conduct EXCEPT:
- AThey arise from a single source.
- BThey are formal statements of aspirations or principles.
- CThey are written by corporations.
- DThey guide corporate behavior.
57This is the practice of a corporation publishing information about its economic, social and environmental performance.
- AMandated action.
- BManagement standard.
- CGlobal reporting initiative.
- DSustainability reporting.
58These are symbols displayed on or with products to certify that the product or its production process, meets a set of social responsibility criteria.
- ABar codes.
- BLabels.
- CMarkers.
- DArticles.
59Payment of wages to small, marginal agricultural producers in developing nations sufficient to allow sustainable farming and labor practices is known as:
- AManagement standard.
- BGovernment action.
- CFair trade.
- DEquator principles.
60According to the text, this is a model of the methods an organization can use to achieve certain goals.
- AInformation system standard.
- BEquator principles.
- CCorporate principles.
- DManagement standard.
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- Quiz on BGS: Chapter 05, created by MrDplusD on 29/09/2014.
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- MrDplusD
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- English
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