Chapter 15: Corporate Social Responsibility

Question 1

The government classifies CSRs as:

Answer 1

a disciplinary regulation imposed on companies to ensure a fair share of their profits is shifted to where it is needed

Question 2

How does a business graduate define csr?

Answer 2

a business strategy needed for the check and balance of a growing company

Question 3

What are the four types of CSR?

Answer 3

1. Environmental responsibility
2. ethical responsibility
3. economic responsibility
4. Philanthropic responsibility

Question 4

What is environmental responsibility?

Answer 4

Taking measure to cut back on a companys carbon footprint such as

• reducing greenhouse gases
• preseerving resources
• recycling/going green
• switching to renewable energy

Question 5

Ethical responsibility coincides with what?

Answer 5

company diversity

Question 6

What are the ways in which a company can uphold ethical responsibility?

Answer 6

• ensure equal pay between male and female employees

- adressing harassment claims in the workforce

Question 7

What is economic responsibility?

Answer 7

an organization chooses to spend its profits in a manner that benefits both the business and environment- increases sales revenue and provides gains for the company

Question 8

What is philanthropic responsibility?

Answer 8

encourages practices in which a firm dips into its own profits to provide for any number of struggling populations

Question 9

What are the benefits of csr?

Answer 9

1. saving money on operating costs
2. enhancing influence in the industry
3. funding opportunities
4. Risk management
5. Being an “employer of choice”
6. preserving the environment