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SOCIAL RESPONSIBILITY > Reviewer > Flashcards

Reviewer Flashcards

1
Q

A very general term that describes businesses that are attempting to enter industries or create new market

A

BUSINESS ENTERPRISE

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2
Q

Individual or group of people that collaborate to achieve certain commercial goal

A

BUSINESS ORGANIZATION

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3
Q

Types of business organization

A

Sole proprietorship
Partnership
Corporation
Limited liability company

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4
Q

An organization or enterprising entity engaged in commercial, industrial or professional activities

A

BUSINESS

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5
Q

Types of business

A

Service
Retail
Transportation
Technology

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6
Q

Reflect the share values within the organization that impact employee morale, communication, and ultimately success

A

ORGANIZATIONAL CULTURE

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7
Q

Purpose of establishing business enterprise

A
  1. Community volunteer
  2. Fairness to employee
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8
Q

6 ways to Manage business enterprise

A
  1. Lead with knowledge
  2. Delegate effectively
  3. Hire the right employee and manage them with care
  4. Motivate and train your employee
  5. Meet the needs of your customer
  6. Market your company effectively
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9
Q

Is a moral obligation of each and every individual, institutions, business and organization.

A

Social responsibility

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10
Q

3 P’s

A

Profit
People
Planet

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11
Q
  • Seriously considering the impact of the company’s actions on society
  • Concept that has developed an emerging prevalence around the globe
A

Social responsibility according to BAUER

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12
Q

According to him “ business can exist as long as it was used for the good of the community”

A

St. Thomas Aquinas

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13
Q

Machines were introduced

A

Industrial revolution

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14
Q
  • People believe that business and wealthy people should do business to the community as part of the public or social service
  • Greeks and Romans treated businessman next to slaves.
A

Ancient and Medieval Period

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15
Q

CSR is now given serious attention by more companies as they realize their success lies in earning confidence and respect of the society

A

After the period of Depression (1930’s - present)

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16
Q

3 phases according to Prof. Robert Harry & Ed Gray

A

Profit maximization management
Trusteeship management
Quality of life management

17
Q

Primary responsibility of a business is profit maximization
The obligation of the manager is to satisfy stock holders to their investment
Economic freedom and free enterprise

A

CLASSICAL VIEW

18
Q

Does not emphasize profit maximization and stock holders interest
Balance the interest of the employee, customers, supplier and community.

A

MANAGERIAL VIEW

19
Q

Establishes harmony with both business operations and public interest
Includes the needs & interest of the society in contrast with classical and managerial view

A

PUBLIC VIEW

20
Q

Excess wealth should be given to less fortunate
Based on the teaching of Jesus Christ as taught in the Bible

A

CHRISTIAN VIEW

21
Q

1962 - 1973

A

FRIEDMAN MODEL

22
Q

1976

A

ACKERMAN MODEL

23
Q

1991

A

CARROLL MODEL

24
Q

View business as active members of the communities in which they operate and encourage them to engage in socially responsible practices

A

CORPORATE CITIZENSHIP MODEL

25
Q

Healthy people can work more and earn more

A

ENVIRONMENTAL INTEGRITY & COMMUNITY HEALTH MODEL

26
Q

A business man should perform his duty well, he is performing as social as well as moral duty
A business man has no other social responsibility to perform except to serve his shareholders and stockholders
The main concern is to maximize the profit

A

FRIEDMAN MODEL

27
Q

The model emphasizes the internal policy goal and their relation to CSR

A

ACKERMAN MODEL

28
Q

Do what is required by global capitalism
Be profitable

A

ECONOMIC RESPONSIBILITY

29
Q

Obey the law

A

Legal Responsibility

30
Q

Be ethical

A

Ethical Responsibility

31
Q

Be a good global corporate citizen

A

Philanthropic Responsibility

SOCIAL RESPONSIBILITY (2 decks)

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