1.8. Corporate Social Responsibility

Question 1

Corporate social responsibility (CSR)

Answer 1

• “corporate citizenship”
• encourages companies to act responsibly when dealing with issues such as:
  human rights,
  protection of the environment,
  ehical management

Question 2

Legal responsibility

Answer 2

• means to do business in accordance wih governmen regulations

Question 3

Labour law

Answer 3

• equal opporunities to all workers
• reagrdles on their race, religion or gender

Question 4

Environmental responsibility

Answer 4

• involves efforts to stop global warming and controle toxic waste disposal

Question 5

Ethical responsibilities

Answer 5

• involves buying fair trade products, paying decent wages and providing acceptable working conditions

Question 6

Corporate philanthropy

Answer 6

• the act of corporations donating some of their profits or their resources to charitable causes

Question 7

Risk management

Answer 7

• the technique used to minimize and prevent accidental loss to a business

Question 8

Public image

Answer 8

• good impression

Question 9

Smokescreen

Answer 9

• “window dressing”
• meaning of hiding the truth about someone’s intentions

Question 10

Stakeholders

Answer 10

• a wider group of people who are affected by the work of the company