Module 2

Question 1

Corporate social responsibility (CSR)

Answer 1

Philosophy in which a company voluntarily engages in actions that benefit society, be it economically, socially, politically, or environmentally

Question 2

Stakeholder

Answer 2

Those who have a stake in the performance and output of an organization, such as employees, unions, investors, suppliers, consumers, local and national governments, and communities

Question 3

World trade organization

Answer 3

International organization tasked with promoting global trade, enforcing common trade regulations, and helping promote ethical behavior among members

Question 4

The aim of CSR is to increase long-term profits and shareholder trust through positive public relations and high ethical standards to reduce business and legal risks by taking responsibility for corporate actions.

Question 5

Code of ethics

Answer 5

Guide that publicly sets out an organization’s key values and ethical obligations

Question 6

Greenwashing

Answer 6

When organizations carry about CSR missions in an inauthentic way, using them to increase publicity rather than to spur real change. Publicity stunt

Question 7

Internal transparency

Answer 7

Degree to which an organization operates with openness, communication, and accountability

Question 8

Sarbanes-Oxley Act
Law

Answer 8

Law aimed at improving corporate transparency by requiring clear reporting practices

Question 9

Whistleblowers

Answer 9

Those who tell the public or the authorities about alleged misconduct occurring in a government department, private company, or organization