Podcast
Questions and Answers
What social responsibility strategy involves a company acting only when a problem becomes public?
What social responsibility strategy involves a company acting only when a problem becomes public?
- Reaction Strategy (correct)
- Proactive Strategy
- Defense Strategy
- Accommodation Strategy
Which strategy requires a company to go beyond legal and ethical requirements?
Which strategy requires a company to go beyond legal and ethical requirements?
- Defense Strategy
- Reaction Strategy
- Proactive Strategy (correct)
- Accommodation Strategy
What might happen to a company's competitive power if it uses funds for social projects?
What might happen to a company's competitive power if it uses funds for social projects?
- It will fluctuate randomly
- It might increase
- It will remain the same
- It might decrease (correct)
Which type of audits are conducted to evaluate social activities within a company?
Which type of audits are conducted to evaluate social activities within a company?
When does the Defense Strategy come into play according to the text?
When does the Defense Strategy come into play according to the text?
What is one of the drawbacks of engaging in social responsibility according to the text?
What is one of the drawbacks of engaging in social responsibility according to the text?
What is a benefit for companies that are socially responsible?
What is a benefit for companies that are socially responsible?
Why does a socially responsible company have greater awareness of changing consumer tastes and preferences?
Why does a socially responsible company have greater awareness of changing consumer tastes and preferences?
How can socially responsible companies benefit from investors?
How can socially responsible companies benefit from investors?
What may result in the elimination of legislative controls on business activity?
What may result in the elimination of legislative controls on business activity?
What is a cost associated with socially responsible actions?
What is a cost associated with socially responsible actions?
How do socially responsible companies benefit from job satisfaction?
How do socially responsible companies benefit from job satisfaction?
