M1S1 Social Responsibility Framework 📊 Flashcards
What does CSR stand for?
A) Corporate Strategy and Responsibility B) Corporate Social Responsibility C) Corporate Sustainability and Reporting
B) Corporate Social Responsibility
Which perspective of CSR focuses on maximizing profitability and compliance with tax laws?
A) Economic Responsibility
B) Legal Responsibility
C) Ethical Responsibility
A) Economic Responsibility
Where can the origins of CSR be traced back to?
A) Renaissance period
B) Industrial revolution
C) World War II era
B) Industrial revolution
What is the Triple Bottom Line approach in CSR?
A) Focuses on three financial metrics
B) Considers people, planet, and profit
C) Measures social impact only
B) Considers people, planet, and profit
Which factor is considered a barrier to CSR implementation?
A) Government regulations
B) Availability of human resources
C) Social activism
B) Availability of human resources
What is the role of leadership in CSR?
A) Maximizing short-term profits
B) Championing ethical values and vision
C) Avoiding communication with stakeholders
B) Championing ethical values and vision
Which tool helps companies measure CSR performance across financial, customer, and internal process perspectives?
A) Balanced Scorecard
B) SWOT Analysis
C) PESTLE Analysis
A) Balanced Scorecard
What is the future of CSR in the Philippines driven by?
A) Decreasing awareness of social contributions
B) Increasing awareness of individual social contributions
C) Lack of interest in sustainability
B) Increasing awareness of individual social contributions
What is a corporation?
A) A structure established by law to allow different parties to contribute to capital, expertise, and labor.
B) A type of partnership formed for profit-making purposes.
C) A government agency responsible for regulating businesses.
A) A structure established by law to allow different parties to contribute to capital, expertise, and labor.
Why is the corporation the most popular form of business organization?
A) Because it provides unlimited liability for its owners.
B) Because it offers limited liability, transferability of ownership, legal entity, and centralized management.
C) Because it allows shareholders to avoid paying taxes.
B) Because it offers limited liability, transferability of ownership, legal entity, and centralized management.
According to the 2019 Revised Corporation Code (RCC), how many incorporators (directors) can a corporation have?
A) 2 to 15
B) Exactly 20, to ensure efficient management.
C) Between 1 to 20.
A) 2 to 15
What is one of the key reforms introduced by the Revised Corporation Code (RCC) of 2019?
A) Reducing the ease of doing business in the Philippines.
B) Removing the perpetual corporate term for corporations.
C) Emphasizing corporate social responsibility.
C) Emphasizing corporate social responsibility.
What aspect of ownership is typically represented by common stock in a corporation?
A) Voting rights.
B) Limited liability.
C) Transferability.
A) Voting rights.
What is a Corporation?
A) A legal entity created by shareholders for business activities.
B) A structure established by law to allow different parties to contribute to capital, expertise, and labor.
C) A charitable institution or non-governmental organization (NGO).
D) All of the above
D) All of the above
Give the four reasons why corporation is the most popular form of business organization.
Limited liability
Transferability of ownership
Legal personality
Centralized management
What term does the Revised Corporation Code (RCC) grant to corporations?
A) 50-year term
B) 75-year term
C) Perpetual term
D) Term depends on the type of corporation
C) Perpetual term
A structure established by law to allow different parties to contribute to capital, expertise and labor or the maximum benefit of all of them.
Corporation
Monks and Minow (2011)
A legal entity created by an individual or group of shareholders who have ownership of the corporation to engage in business activities.
Corporation
Ownership in a corporation is typically represented by ___________________.
common stock
According to Monks and Minow (2011) contributions in a corporation can include:
capital, expertise, and labor.
Not all corporations though are formed with the objective of profit-making
True
True or False: A corporation is solely formed for profit-making purposes.
False
True or False: Ownership in a corporation is typically represented by preferred stock.
False
True or False: The Revised Corporation Code (RCC) of 2019 allows for an unlimited number of incorporators (directors) for a corporation.
False
True or False: Under the RCC, corporations are no longer required to have a minimum subscribed or paid-up capital.
True
True or False: The RCC of 2019 emphasizes corporate governance provisions but does not address stockholder protection.
False
True or False: Transferability of ownership is a key advantage of corporations, allowing shareholders to easily sell their shares.
True
There are Four Different CSR Perspectives according to _____________________.
Professor Archie Carroll (1991)
Which tool for CSR implementation focuses on measuring social, environmental, and financial performance?
A) Balanced Scorecard
B) SWOT Analysis
C) Triple Bottom Line
C) Triple Bottom Line
A CSR Perspectives that encourage making profit by ensuring that sales exceed costs and expenses.
Economic Responsibility💰
A CSR Perspectives that states obeying the relevant laws and regulations.
Legal Responsibility⚖️
A CSR Perspectives that refers to always doing what is morally right and avoid causing harm to others.
Ethical Responsibility👍
A CSR Perspectives that encourage positive contribution to the community and acting as a responsible corporate citizen.
Discretionary Responsibility🙏🏻
Economic responsibility means..
Be profitable
Legal responsibility means..
Obey the Law
Ethical responibility means..
Be ethical. Do what is right. Avoid harm.
Discretionary responibility means..
Contribute to the community. Be a good corporate citizen.
In the ____________, due to _________________, companies became more responsive to various stakeholders.
1980s and 1990s, social activism
In the Philippines, CSR began as ____________ from various businesses in the __________.
donations, 1960s
________________________ factors that motivate or hinder companies from engaging in CSR initiatives
Drivers and Barriers
What are the five drivers of CSR?
Regulation
Market Behavior
Social Activism
Culture
Strategy
What are the three barriers of CSR?
Limited financial resources
Profit maximization
Availability of human resources
Laws and regulations provide a framework that companies must adhere to.
Regulation
CSR best practices form benchmarks, influencing market behavior and competition.
Market behavior
Stakeholder reactions, via social media or demonstrations, influence corporate behavior.
Social activism
The beliefs, norms, symbols, and heritage shared within a specific region.
Culture
The most significant driver of CSR integrating CSR into planning for long-term value and stronger relationships.
Strategy
Company profitability is essential before engaging in social responsibility. CSR demands a long-term commitment of resources to see benefits.
Limited financial resources
Focusing solely on operational efficiency is often driven by maximizing profit.
Profit maximization
Efficient mobilization through employee involvement is crucial for promoting CSR initiatives.
Availability of human resources
is an example of an integrated strategic measurement system.
Balance Scorecard
Balance scorecard is an integrated measurement system by ________________.
Kaplan and Norton’s (1996)
________________ plays a crucial role in CSR, sharing values of service, integrity, and inspiration.
Leadership
The Filipino concept of ____________ is seen as essential for effective leadership.
- Ng and Rivera (2018)
“kapwa” (fellowship)
CSR is now essential for companies, allowing direct engagement with stakeholders and creating ____________
value beyond profit.
According to ________________, individual social responsibility shapes CSR
Hudtohan (2009)
Give the two tools for CSR Implementation
Balanced Scorecard
Triple Bottom Line
Acording to ____________________The Filipino concept of fellowship or kapwa is seen as essential for effective leadership.
- Ng and Rivera (2018)
