Podcast
Questions and Answers
What is the purpose of using part of available funds to finance social projects?
What is the purpose of using part of available funds to finance social projects?
- To reduce funds available for competitive purposes (correct)
- To increase competitive power
- To attract government regulations
- To decrease social responsibility
What can help a company become more aware of changing consumer tastes and preferences?
What can help a company become more aware of changing consumer tastes and preferences?
- Identifying social needs that can be served (correct)
- Ignoring social needs
- Avoiding research
- Not considering consumer preferences
What is one benefit of being a socially responsible company mentioned in the text?
What is one benefit of being a socially responsible company mentioned in the text?
- Decreased employee satisfaction
- Improved employee satisfaction (correct)
- Decreased consumer demand
- Higher taxes
Which social responsibility strategy involves allowing a condition or problem to go unresolved until it becomes public knowledge?
Which social responsibility strategy involves allowing a condition or problem to go unresolved until it becomes public knowledge?
What may happen even if a company is acting in a socially responsible way?
What may happen even if a company is acting in a socially responsible way?
How can socially responsible companies benefit from investor preferences?
How can socially responsible companies benefit from investor preferences?
Which strategy involves a company going beyond what is legally and ethically required?
Which strategy involves a company going beyond what is legally and ethically required?
What could be a cost associated with socially responsible actions as mentioned in the text?
What could be a cost associated with socially responsible actions as mentioned in the text?
Why might companies face fewer legislative controls on their business activities if they are socially responsible?
Why might companies face fewer legislative controls on their business activities if they are socially responsible?
What is a key component of a social audit as outlined in the text?
What is a key component of a social audit as outlined in the text?
How can consumers have better access to information, as mentioned in the text?
How can consumers have better access to information, as mentioned in the text?
Which strategy involves trying to minimize or avoid additional obligations?
Which strategy involves trying to minimize or avoid additional obligations?
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