Please Clearly Identify The Choice Made

The theory of corporate social responsibility concerns

Multiple Choice

a companys duty to maximize shareholder value.

the blending of shareholder interests and employee interests.

a companys duty to establish socially acceptable core values and to have a strictly enforced code of ethical conduct.

the responsibility that top management has for ensuring that the companys actions and decisions are in the best interest of society at large.

the companys responsibility to balance between strategic actions to benefit shareholders against the duty to be a good corporate citizen.

You have been asked to justify to your top management team several reasons why the exercise of social and environmental responsibility may also be good business for your company. You would say that, A strong visible social responsibility or environmental sustainability strategy gives our company an edge

Multiple Choice

in meeting the short-term interests of shareholders.

in taking advantage of opportunities in the present without concern for the future.

in avoiding scrutiny for reputation-damaging incidents.

in passing the environmental and social costs on to consumers in order to increase profits.

in appealing to consumers who prefer to do business with companies that are good corporate citizens.

According to the triple bottom line, which of the following statements is not accurate?

Multiple Choice

The three dimensions of performance are often referred to in terms of the three pillars of people, planet, and profit.

The term planet refers to the companys overriding legal obligation to incorporate protection of the environment into its mission.

The term people refers to various social initiatives such as charitable contributions, serving endeavors, and engaging in broader philanthropic initiatives.

The term profit not only encompasses the profit earned for its shareholders but also the economic impact that the company has on society more generally.

The triple bottom line refers to three types of performance metrics: economic, social, and environmental.

Which of the following statements is accurate concerning a companys environmental sustainability strategy?

Multiple Choice

Environmental sustainability consists of a corporate commitment to address the unmet noneconomic needs of society.

Environmental sustainability consists of deliberate actions to protect the environment, provide for the longevity of natural resources, and maintain ecological support systems for future generations.

Environmental sustainability consists of striking a balance between (1) the economic responsibility to reward shareholders with profits, (2) the legal responsibility by the company to laws in countries where it operates, (3) the ethical responsibility to abide by societys moral norms, and (4) the discretionary philanthropic responsibility to contribute to the noneconomic needs of society.

Environmental sustainability consists of developing the resource strengths necessary to develop a sustainable competitive advantage.

Environmental sustainability consists of business practices that meet the needs of the future by rationing what is provided to present-day customers.