Module 8- Society and Civil Society

Question 1

What are 4 key stakeholders?

Answer 1

• Employees
• Consumers
• Competitors
• Suppliers

Question 2

Set of values which holds that work is important to members of society.

Answer 2

The work ethic

Question 3

What is a gig economy?

Answer 3

Persons whose participation in labor force is via short-term, temporary jobs, contracts and self employment

Question 4

What is employment equity?

Answer 4

Fair and equal treatment of employees

Question 5

What is consumer sovereignty?

Answer 5

Basically consumers dictate the type, quality and quantity of goods and services to be provided

Question 6

What is consumerism?

Answer 6

Social movement seeking to protect and augment the rights and powers of buyers in relation to sellers

Question 7

What is ethical consumerism?

Answer 7

Form of activism where consumers buy products, good and services that are ethically produced and/or not harmful to the environment or society

Question 8

Establishes basic principles
for the conduct of business in Canada so that competition is encouraged and maintained.

What act is this?

Answer 8

Competition act

Question 8

Commercial activity where
one corporation sells goods or services to another corporation rather than to consumers.

Answer 8

Business -to- business

Question 9

Route that a product travels from
the procurement of raw materials, the transformation into intermediate goods and then final products, and the delivery to consumers through a distribution
system to its ultimate disposal by the consumer

Answer 9

Supply chain

Question 10

What is sustainability purchasing ?

Answer 10

Focus on ethics and responsibility in purchasing- takes into consideration ethical, social and environmental factors in acquiring materials and products

Question 11

What does diversity management now include?

2pts

Answer 11

LGBTQ groups and the #MeToo movement

Question 12

What is civil society?

Answer 12

Comprises the voluntary, community and social organizations or institutions that contribute to the functioning of society but are not related to or supported by government

Question 13

What is an NGO (Non- Governmental Organization)? What are type of organizations are they?

3pts

Answer 13

Any group that holds shared value or attitudes about an issue in society and advocates for changes relating to the issue

• Part of private sector, not part of government
• Usually non- profit organizations supported by volunteers and activists

Question 14

A business threatens legal action if a particular article or book is published

What is this an example of?

Answer 14

Libel chill

Question 15

Corporations have access to services of public relations experts who are able to put a particular “spin,” or interpretation, on corporate events or information.

What is this an example of ?

Straight facts: “Our company accidentally spilled oil in the ocean.”

With Spin: “We experienced an unforeseen operational challenge that resulted in a minor release of hydrocarbons into the marine environment.”

Answer 15

Media spin

Question 15

Organization that researches
and analyzes important social, economic, and political issues confronting business and society.

Answer 15

Policy development institution

Question 16

What are the four aspects of CSR covered in this course?

Answer 16

Ethics, Environment, Stakeholders, Globalization