Corporate Social Responsiblity

Question 1

Define socio economic issues

Answer 1

Refers to problems that impact the lives and well-being of individuals, businesses, the community, and the overall functioning of the economy

Question 2

What are examples of socio economic issues

Answer 2

Poverty
Unemployment
Levels of education
Crime
Utilisation of resources
Service delivery
HIV/AIDS pandemic

Question 3

What is unemployment

Answer 3

When potential employee are willing and able to work but there are no suitable jobs available for them

NB! If a person choses not to find employment eg housewife, then it is not considered unemployment

Question 4

What does EAP stand for

Answer 4

Economically active population (15-64 years of age)

Question 5

What are the types of unemployment

Answer 5

Structural, frictional and seasonal unemployment

Question 6

What is structural unemployment

Answer 6

Unemployment caused by changes in technology. Jobs become redundant when people are replaced by machines. Workers who do not keep up with changes in technology Will lose their jobs.

Question 7

What is frictional unemployment

Answer 7

When population growth is higher than economic growth this results in an oversupply of labour. Entrepreneurship is becoming increasingly important to create jobs for big population

Question 8

What is frictional unemployment also known as and why

Answer 8

Demand- deficiency unemployment. This is because there is an insufficient demand for good and services which causes business to retrench workers.

Question 9

What is cyclical unemployment

Answer 9

Unemployment that will start during a recession so on when businesses slack and will peak during depression

Question 10

What is seasonal unemployment

Answer 10

Seasonal industries such as agriculture and hotel industry etc. More staff are usually hired during high/peak season

Question 11

What is recession

Answer 11

The economy slowing down over a period of time

Question 12

What is depres soo on

Answer 12

When recession continues over a period of time

Question 13

What Implications does unemployment have

Answer 13

Unemployment has economic, social and ethical implications.

Question 14

What are the economic, social and ethical implications of unemployment

Answer 14

• a persons self esteem suffers
• out of desperation, people resort to crime and violence
• factors of production (labour) is not utilised to its full capacity
• Political consequences
• free market economy is questioned
• Social consequences such as increased unemployment, poverty and crime
• poverty cycle cannot be broken

Question 15

How does HIV/AIDS impact businesses and society

Answer 15

• lower productivity
• increased sick leave
• missed school days
• medical costs increase
• government costs
• trained and experienced employees die and new employees need to be trained which increases costs for the business

Question 16

What do businesses need to do as part of CSR with resources

Answer 16

Businesses need to take responsibility of their impact on the environment and our natural resources

Question 17

What is environmentalism

Answer 17

Voicing concerns about the state of the environment this is becoming a strong concern worldwide

Question 18

What environmental concerns are we facing

Answer 18

Global warming
Deforestation
A shortage of freshwater supplies
Pollution

Question 19

What do developed countries do that worsen the environment

Answer 19

Developed countries tend to exploit resources in developing countries

Question 20

How can be businesses help towards preserving our resources

Answer 20

Businesses need to look at more sustainable (long term) approached to their utilisation of resources

Question 21

What are the advantages of a green business

Answer 21

Increased market share
Marketing opportunities
Responsible utilisation of resources
Complying with legislation
positive publicity

Question 22

What are citizenship roles

Answer 22

People and businesses need to understand their normal and social responsibility towards their community. They also need to understand democratic and political situations in a country (political literacy) in order to ensure responsible citizenship and social order in South Africa

Question 23

What does fulfilling citizenship role bring

Answer 23

Rights and responsibilities such as rights to civil citizenship and political rights as well as to be a responsible citizen

Question 24

What are the roles of citizens

Answer 24

• Loyalty to the country
• Défense of the state
• Participation in the development welfare of the state
• upholding the constitution and obedience to the laws of the lands
• exercise of suffrage and participation in the electoral process

Question 25

What social responsibility do citizens have

Answer 25

Contributing to the community though drives like slipper day and Christmas wish list

Question 26

What is corporate social responsibility

Answer 26

The moral obligation of businesses to contribute to the greater good of the community eg. Fidelitas

Question 27

What is corporate social investment

Answer 27

The actual factors of production that a business ours into helpihg the community eg putting in money or labour

Question 28

What is environmental responsibility

Answer 28

How we care for the environment eg recycling