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12 Questions

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Benefits and Costs of Social Actions

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Questions and Answers

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?

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?

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?

Social audits Signup and view all the answers

When does the Defense Strategy come into play according to the text?

When additional obligations are desired Signup and view all the answers

What is one of the drawbacks of engaging in social responsibility according to the text?

Potential reduction in funds available for competition Signup and view all the answers

What is a benefit for companies that are socially responsible?

Improved Employee Satisfaction and Motivation Signup and view all the answers

Why does a socially responsible company have greater awareness of changing consumer tastes and preferences?

By identifying social needs that can be served Signup and view all the answers

How can socially responsible companies benefit from investors?

Stocks sold at a higher market price Signup and view all the answers

What may result in the elimination of legislative controls on business activity?

Social issues becoming a concern of legislative bodies Signup and view all the answers

What is a cost associated with socially responsible actions?

Money spent in support of social projects Signup and view all the answers

How do socially responsible companies benefit from job satisfaction?

By providing job satisfaction to employees Signup and view all the answers

Benefits and Costs of Social Actions

Choose a study mode

Podcast

Questions and Answers

What social responsibility strategy involves a company acting only when a problem becomes public?

Which strategy requires a company to go beyond legal and ethical requirements?

What might happen to a company's competitive power if it uses funds for social projects?

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?

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?

Why does a socially responsible company have greater awareness of changing consumer tastes and preferences?

How can socially responsible companies benefit from investors?

What may result in the elimination of legislative controls on business activity?

What is a cost associated with socially responsible actions?

How do socially responsible companies benefit from job satisfaction?

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