Question 1

The text argues that CSR is not only a corporate responsibility but also a(n)  ______ responsibility.

Accepted Answer

A)  shareholder
B)  stakeholder
C)  management
D)  industry

Question 2

Current growth in activist organizations can be attributed to the adoption of the six Principles of Responsible Management Education (PRME) by many business schools.Select three of the six principles and, in your own words, describe how the selected principles can lead to greater social responsibility by corporations and stakeholders.

Accepted Answer

The answer of Current growth in activist organizations can be...

Question 3

The text argues that the CSR cause is best advanced when stakeholders are not only caring and informed but also ______ and ______.

Accepted Answer

A)  transparent; educated
B)  transparent; powerful
C)  educated; organized
D)  action oriented; transparent

Question 4

Which of the following is an application of Milton Friedman's ideas?

Accepted Answer

A)  A large, multinational corporation tries to ensure that workers throughout the supply chain earn a living wage.
B)  A small business makes maximizing profits its top priority.
C)  A firm decides to implement a recycling program to benefit the environment.
D)  A medium business encourages its employees to volunteer in the community.

Question 5

Today, stakeholders outside the firm have greater opportunities to mobilize their efforts because of ______.

Accepted Answer

A)  society's elites
B)  greater sophistication among government leaders
C)  declining world trade
D)  the revolution in communications technology

Question 6

The ______ argument for CSR assumes that firms act most effectively when they are incentivized to do so.

Accepted Answer

A)  economic
B)  moral
C)  rational
D)  ethical

Question 7

What did Charles Handy argue in his 2002 Harvard Business Review article?

Accepted Answer

A)  A corporation should not waste time on CSR initiatives.
B)  If businesses are not making large profits, they should not exist.
C)  Firms should make satisfying shareholders their first priority.
D)  A business has to have a motivation other than merely making a profit in order to justify its existence.

Question 8

The definition of what is and is not socially responsible is ______.

Accepted Answer

A)  universally understood across cultures
B)  established in the United Nations' Principles of Responsible Management Education (PRM
E)  
C)  primarily determined by laws and government regulations
D)  changing all the time and up to stakeholders to determine

Question 9

Charles Handy argued for which of the following ideas?

Accepted Answer

A)  There should be more government intervention when CSR is lacking.
B)  Firms should seek societal goals beyond making profits.
C)  Market forces should not play a role in CSR.
D)  CSR is not a proper concern of companies.

Question 10

When responding to stakeholder concerns, the ability of the firm to maximize opportunity and minimize risk is known as the ______.

Accepted Answer

A)  CSR target
B)  CSR Threshold
C)  optimum CSR
D)  CSR sweet spot

Exam 4: Corporate Stakeholder Responsibility

Charles Handy argued for which of the following ideas?

Correct Answer
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The text argues that the CSR cause is best advanced when stakeholders are not only caring and informed but also and .

Correct Answer
verified

The ______ argument for CSR assumes that firms act most effectively when they are incentivized to do so.

Correct Answer
verified

The text argues that CSR is not only a corporate responsibility but also a(n) ______ responsibility.

Correct Answer
verified

What did Charles Handy argue in his 2002 Harvard Business Review article?

Correct Answer
verified

Today, stakeholders outside the firm have greater opportunities to mobilize their efforts because of ______.

Correct Answer
verified

Correct Answer
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The definition of what is and is not socially responsible is ______.

Correct Answer
verified

When responding to stakeholder concerns, the ability of the firm to maximize opportunity and minimize risk is known as the ______.

Correct Answer
verified

Which of the following is an application of Milton Friedman's ideas?

Correct Answer
verified

Exam 4: Corporate Stakeholder Responsibility

Charles Handy argued for which of the following ideas?

Correct AnswerverifiedShow Answer

The text argues that the CSR cause is best advanced when stakeholders are not only caring and informed but also ______ and ______.

Correct AnswerverifiedShow Answer

The ______ argument for CSR assumes that firms act most effectively when they are incentivized to do so.

Correct AnswerverifiedShow Answer

The text argues that CSR is not only a corporate responsibility but also a(n) ______ responsibility.

Correct AnswerverifiedShow Answer

What did Charles Handy argue in his 2002 Harvard Business Review article?

Correct AnswerverifiedShow Answer

Today, stakeholders outside the firm have greater opportunities to mobilize their efforts because of ______.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The definition of what is and is not socially responsible is ______.

Correct AnswerverifiedShow Answer

When responding to stakeholder concerns, the ability of the firm to maximize opportunity and minimize risk is known as the ______.

Correct AnswerverifiedShow Answer

Which of the following is an application of Milton Friedman's ideas?

Correct AnswerverifiedShow Answer

Correct Answer
verified

The text argues that the CSR cause is best advanced when stakeholders are not only caring and informed but also and .

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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