LESSON 1: CORPORATE SOCIAL RESPONSIBILITY Flashcards

1
Q

CAROLL’S CSR PYRAMID

Which responsibility of a business involves voluntary actions or programs aimed at promoting human welfare or goodwill, such as contributions to education, the arts, or community initiatives, but is not considered unethical if not fulfilled?

A

PHILANTHROPIC RESPONSIBILITIES

KEY WORD: VOLUNTARY ACTIONS AND PROGRAMS

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2
Q

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

A

Carroll’s CSR Pyramid

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3
Q

CSR principle that focuses on the impact of present actions on future resource availability, particularly highlighting concerns with finite resources like coal, iron, or oil.

choices: SUSTAINABILITY ,ACCOUNTABILITY, TRANSPARENCY

A

SUSTAINABILITY

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4
Q

CSR principle that involves an organization acknowledging its impact on the external environment and taking responsibility for the effects of its actions.

choices: SUSTAINABILITY ,ACCOUNTABILITY, TRANSPARENCY

A

ACCOUNTABILITY

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5
Q

This principle ensures that the external impact of an organization’s actions is clearly visible through its reporting, without any relevant facts being hidden

choices: SUSTAINABILITY ,ACCOUNTABILITY, TRANSPARENCY

A

TRANSPARENCY

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6
Q

Who proposed the Pyramid of Corporate Social Responsibility

A

Archie Carroll

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7
Q

The four kinds of social responsibilities in CAROLL’S CSR PYRAMID

A

ECONOMIC
LEGAL
ETHICAL
PHILANTROPIC

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8
Q

Based on caroll’s CSR pyramid, CSR is built on the foundation of ______

A

PROFIT

PROFIT (1ST)
COMPLIANCE TO LAW AND REGULATION (2ND)
ETHICAL DUTIES (3RD)

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9
Q

CAROLL’S CSR PYRAMID

Which responsibility requires it to operate within the boundaries of laws and regulations set by government authorities, reflecting basic notions of fair operations and societal expectations?

A

LEGAL RESPONSIBILITIES

KEY WORD: LAWS AND REGULATION

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10
Q

corporate social responsibility is also called

A

corporate citizenship

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11
Q

CAROLL’S CSR PYRAMID

Which responsibility is considered fundamental, as it is the basis for all other responsibilities and involves producing goods and services while making an acceptable profit?

A

ECONOMIC RESPONSIBILITIES

KEY WORD: MAKING PROFIT

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12
Q

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

A

CORPORATE SOCIAL RESPONSIBILITY (CSR)

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13
Q

WHAT ARE THE KEY PRINCIPLES OF CSR

A

SUSTAINABILITY
ACCOUNTABILITY
TRANSPARENCY

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14
Q

CAROLL’S CSR PYRAMID

Which responsibility goes beyond legal requirements and involves adhering to societal expectations of fairness, justice, and respect for stakeholders’ moral rights, even when these expectations are not codified into law?

A

ETHICAL REPONSIBILITIES

KEY WORD; ADHERING TO SOCIETAL EXPECTATIONS THAT ARE’NT CODIFIED BY LAW

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15
Q

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

A

CORPORATE SOCIAL RESPONSIBILITY (CSR)

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16
Q

CSR is a ____________ business model that helps a
company be socially accountable to itself, its stakeholders, and the public

A

SEF REGULATING

companies VOLUNTARILY uphold ethical standards.