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3-14. BA 31C: Good Governance & Corporate Social Responsibility > Chapter 1: Social Responsibility Framework > Flashcards

Chapter 1: Social Responsibility Framework Flashcards

1
Q

Is a legal entity created by an individual or group of shareholders who have ownership of the corporation to engage in business activities.

A

Corporation

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2
Q

Who defines a corporation as a structure established by law to allow different parties to contribute to capital, expertise, and labor.

A

Monks and Minow

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3
Q

It has been a popular form of business organization because of four appealing attributes:

A
  1. Limited liability
  2. transferability of ownership
  3. legal personality
  4. centralized management
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4
Q

Owners of corporations may protect their assets from being foreclosed or confiscated, and creditors can only recover debts incurred by the company through liquidation of remaining assets

A

Limited Liability

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5
Q

Allows a shareholder to sell his shares of stocks in the stock market freely should he/she decided to let go a part or all of his shares unless explicitly stated in the corporate by laws.

A

Transferability

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6
Q

Corporations are _______________ and are sometimes defined as “legal persons”

A

Legal entities

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7
Q

Accdg. to _____________, there is no minimum number of incorporators but shall not have more than 20.

A

2019 RCC

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8
Q

True or False

Today, a corporations is granted a perpetual corporate term

A

True

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9
Q

Is a manifestation of good corporate governance

A

Corporate Social Responsibility

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10
Q

Is th responsibility of companies to act and behave ethically to satisfy their various stakeholders’ needs.

A

CSR

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11
Q

Who provided four dimensions that provide a structure or framework that characterize companies’ responsibilities

A

Archie Carroll (1991)

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12
Q

Four dimensions

A
  1. Economic
  2. Legal
  3. Ethical
  4. Philanthropic
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13
Q

The lowest layer of the pyramid suggests that companies must first profitable after they have paid their obligations to employees and suppliers and conform to consumers’ needs and demands

A

Economic

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14
Q

A corporation is created througl law and as such must abide by the rules and regulations imposed for fairness and justice.

A

Legal

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15
Q

To fulfill this responsibility, companies need to truly embrace _______________, meaning, issues that pertain to the improvement of human lives must be addressed without compromise.

A

Philanthropic

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16
Q

Who argued that sole responsibility of corporations is to generate profit for the shareholders and that it is the government’s responsibility to provide for society’s needs.

A

Milton friedman

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17
Q

Drivers of CSR

A

Regulation
- Markrt Behavior
- Social Activism
- Culture
- Strategy

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18
Q

Barriers

A
  • Limuted Financial resources
  • Profit Maximization
  • Availability of human resources
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19
Q

Who introduce CSR

A

Howard Bowen 1953

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20
Q

Who introduce Balanced Scorecard

A

Kaplan and Norton (1996)

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21
Q

Four Dimensions of Balanced Scorecard

A
  1. Financial
  2. Customer
  3. Processes
  4. Learning and Growth
22
Q

To focused financially how should we appear to our shareholders

A

Financial

23
Q

To satisfy our shareholders and customers what treasures process must we excel at

A

Internal Business Process

24
Q

To achieve our vision, how will we sustain our ability to change and improve

A

Learning and Growth

25
Q

To adhere our vision, how we should appear to our customers

A

Customers

26
Q

Triple Bottom Line

A
  1. People
  2. Planet
  3. Profit
27
Q

Is an accounting framework that describes three evaluation perspectives that contribute of creating a greater value for the organization.

A

Triple Bottom Line

28
Q

Has a key role in influencing CSR

A

Leadership

29
Q

CSR and leadership are founded on cepts of service, integrity, and inspiration to others.

A

Guarneri & Kao 2008

30
Q

Employees and managers as members of organizations are naturally concerned about contribute and react to their organization’s social consciousness

A

Rodrigo & Arenas 2008

31
Q

The Filipino concept of _________ is considered to be an essential component of effective leadership

A

Kapwa; Ng and Rivera (2018)

32
Q

Defines “kappa” as a shared identity with others.

A

Church and Katigbak 2002

33
Q

This is rooted in the Filipino’s notion of “kappa” which embraces both the categories of ___________ and __________.

A

Outsider (ibang tao); One of us (Hindi ibang tao)

34
Q

CSR has become an integral for most companies as it becomes an opportunity to wholly and directly engage stakeholders, creating shared value fo both the organization and the communities it serves.

A

Mr. Chito Bauzon

35
Q

It is also often referred to as business responsibility and an organization’s action on environmental, ethical, social and economic issues.

A

CSR

36
Q

ensuring that your business is
aware of its impacts, is
accountable for its actions, and
that it undertakes these actions
in a responsible manner.

A

CSR

37
Q

It is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public.

A

CSR

38
Q

companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

A

Corporate Citizenship

39
Q

____________ activities can help forge a stronger bond between employees and corporations; boost morale; and help both employees and employers feel more connected with the world around them.

A

CSR

40
Q

True or False

As resources become depleted then the cost of acquiring the remaining resources tends to increase, and hence the operational costs of organization tend to increase.

A

True

41
Q

This is concerned with the effect which action taken in the present has upon the options available in the future.

A

Sustainability

42
Q

This is concerned with an organization recognizing that its actions affect the external environment, and therefore assuming responsibility for the effects of its actions.

A

Accountability

43
Q

Do what is desired by the global stakeholders

A

Philanthropical

44
Q

Do what is expected by the global stakeholders

A

Ethical

45
Q

Do what is required by the global stakeholders

A

Legal

46
Q

Do what is required by the global capitalism

A

Economic

47
Q

is a simple framework that helps argue how and why organizations should meet their social responsibilities.

A

CSR Pyramid

48
Q

It is an ongoing commitment of organizations to ensure accountability to the stakeholders their existence impacts.

A

CSR

49
Q

It is a manifestation of good governance.

A

CSR

50
Q

It is the responsibility of companies to act and behave ethically to satisfy their various stakeholders’ needs.

A

CSR

3-14. BA 31C: Good Governance & Corporate Social Responsibility (2 decks)

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