Lesson 1&2

Question 1

is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis.

Answer 1

Corporate Social Responsibility

Question 2

“There is no reason to think that shareholders are willing to tolerate an amount of corporate non-profit activity which appreciably reduces either dividends or the market performance of the stock”.

Answer 2

Hetherington states:

Question 3

Corporation are part of?

Answer 3

Society

Question 4

*every large corporation should be thought of as a social enterprise; that is an entity whose existence and decisions can be justified insofar as they serve public or social purposes.”

Answer 4

Dahl

Question 5

________ is all that matters

Answer 5

Profit

Question 6

Who says “There is one and only one social responsibility of business - to use its resources and adventisement engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”

Answer 6

Milton Friedman

Question 7

Drucker had the opinion that:

“business turns a ______ problem into economic opportunity and economic benefit, into productive capacity, into human competence, into well -paid jobs, and into wealth.”

Answer 7

social

Question 8

CSR is __________

Answer 8

conditional

Question 9

The three basic principles

Answer 9

Sustainability
Accountability
Transparency

Question 10

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

Answer 10

Sustainability

Question 11

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

Answer 11

Accountability

Question 12

______________, as a principle, means that the external impact of the actions of the organization can be ascertained from that organization’s reporting and pertinent facts are not disguised within that reporting.

Answer 12

Transparency

Question 13

Resources that are _______ in quantity would require alternatives to fulfil the functions currently provided by these resources. Sustainability implies that society must use no more of a resource than can be regenerated.

Answer 13

Finite

Question 14

The utilization of _________ _________ as part of its production processes

Answer 14

natural resources

Question 15

The enrichment of local community through the creation of _________ opportunities

Answer 15

Employment

Question 16

And more recently, the greatest concern has been with _______ _______ and the way in which the emission of greenhouse gases(contributes to greenhouse effect
- the trapping of the sun’s warmth in a planet’s lower ________ are exacerbating (making worse of) this.

Answer 16

Climate change
Atmosphere

Question 17

Called to the share of stock holder

Answer 17

Dividends

Question 18

Transformation of the landscape due to ___ __________ extraction or product waste storage.

Answer 18

raw materials

Question 19

EU means

Answer 19

European Union

Question 20

CSR is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a _________ basis.

Answer 20

voluntary