Corporate Social Responsibility

Question 1

What does Corporate Social Responsibility refer?

Answer 1

Refers to a corporation’s responsibilities or obligations towards society

Question 2

To whom should a corporation be responsive in order to best serve that interest?

Answer 2

Shareholders only and larger society

Question 3

What are the traditional views of CSR?

Answer 3

Shareholder and Stakeholder

Question 4

What is the Shareholder view?

Answer 4

The company’s only responsibility is to legally and ethically make money for owners

Question 5

Profits belong to the ______

Answer 5

Shareholders

Question 6

What is the Stakeholder View?

Answer 6

Corporations should be run for the benefit of all stakeholders

Question 7

Managers should give share of profits not only to ____, but also to other ______

Answer 7

Stockholders, Stakeholders

Question 8

A ____ is any individual who can affect the achievement of the organization’s objectives or who is affected by the achievement of the organizations’ objectives

Answer 8

Stakeholder

Question 9

Who created the shared value approach

Answer 9

Porter and Kramer

Question 10

CSR should be. ____

Answer 10

strategic