Company Policies and Work-life Balance Quiz chapter 6

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What is the historical origin of CSR?

Donating money to charities by wealthy business owners (correct)

19th-century companies trying to create a sustainable working environment

The EU's definition of CSR

Shareholders filing lawsuits against management

Why did shareholders file lawsuits against management in the 19th century?

For creating a more sustainable working environment

For not integrating stakeholders' concerns into business operations and strategy

For wasting money (correct)

For complying with sustainability demands of customers and society

What are the roots of CSR according to the text?

Sustainable development and business ethics

Corporate governance and sustainable development

Business ethics and sustainable development

Corporate governance and business ethics (correct)

In the last decades, why has CSR become mainstream in many companies?

To comply with the sustainability demands of customers and society Signup and view all the answers

Who is the most famous philanthropist mentioned in the text?

John D. Rockefeller Signup and view all the answers

What does the EU define as CSR?

'CSR is the responsibility of enterprises for their impact on society' Signup and view all the answers

What was happening at the end of the 19th century related to companies and management?

Shareholders filing lawsuits against management Signup and view all the answers

'Organizations should have processes in place to integrate stakeholders' concerns into their business operations and strategy.' This statement is related to which definition?

'Organizations should have processes in place to integrate stakeholders' concerns into their business operations and strategy' Signup and view all the answers

'Organizations should maximize the creation of shared value for both shareholders and stakeholders.' This statement is related to which definition?

'Organizations should maximize the creation of shared value for both shareholders and stakeholders' Signup and view all the answers

What is one of the critiques mentioned about Corporate Social Responsibility (CSR) in the text?

Companies only use CSR as a promotional tool without changing their processes and practices Signup and view all the answers

What is the main responsibility of a business according to the text?

Focusing solely on economic value Signup and view all the answers

Why do some companies argue that competition is too fierce to spend money on CSR?

Increased competition forces companies to prioritize their 'bottom line' Signup and view all the answers

What is the main issue with the perception that 'CSR has gone too far'?

CSR is considered purely a business trend with no social value Signup and view all the answers

Which stage of CSR involves actions closely linked to the company’s core business?

Strategic CSR Signup and view all the answers

What is one aspect of 'Transformative CSR' as per the text?

New rules and standards for a whole sector Signup and view all the answers

Why do some companies argue that 'Competition is too fierce to spend money on CSR'?

'Bottom line' prioritization due to increased competition Signup and view all the answers

'Sustainable Business Management' primarily focuses on:

Balancing economic and social value in business practices Signup and view all the answers

'Free market theory' has fundamental flaws due to its failure to consider:

'Externalities' and non-monetary transactions Signup and view all the answers

What is Starbucks committed to in partnership with Conservation International?

Buying 100% ethically sourced coffee Signup and view all the answers

What is the main focus of CSR activities in terms of communication according to the text?

Becoming more transparent about processes and decisions Signup and view all the answers

What is the vacation policy at the company described in the text?

Take vacation Signup and view all the answers

What is Patagonia's goal in informing its customers about the impact of their production and clothes?

Encouraging customers to reuse, recycle, and buy consciously Signup and view all the answers

What is the primary focus of CSR activities directed towards stakeholder management?

Ensuring good communication and identification of potential risks and opportunities Signup and view all the answers

What is the approach of H&M towards waste reduction and product life-span extension?

Installing recycling boxes in store for clothes return and offering a renting service Signup and view all the answers

What is Levi’s approach towards suppliers who work with child labor?

Paying for the schooling of kids and ensuring full-time jobs at legal working age Signup and view all the answers

What is the guiding principle for travel, entertainment, gifts, and other expenses at the company described in the text?

"Act in Netflix’s best interest" Signup and view all the answers

What is the purpose of sustainable business management according to the text?

"To ensure ethical behavior and stakeholder management" Signup and view all the answers

What do many CSR activities offer to customers, which are not part of the regular core business?

Additional services oriented towards waste reduction and product life-span extension Signup and view all the answers

According to the ISO26000 standard, what does CSR involve?

Contributing to sustainable development and considering stakeholder expectations Signup and view all the answers

How does CSR shape the reputation of a company?

By building a reputation and creating an identity for consumers and employees Signup and view all the answers

What is a key advantage of CSR according to the text?

Putting a price on externalities Signup and view all the answers

How does CSR empower stakeholder relations?

By creating stronger relationships and increasing communication Signup and view all the answers

What is the importance of corporate values in CSR?

Corporate values should be adopted throughout the whole company Signup and view all the answers

What does Tesla envision for the future according to the text?

A future with only use of clean, renewable energy Signup and view all the answers

How does Netflix prioritize work environment according to the text?

By allowing staff to work flexible and take days off for quality time with their family Signup and view all the answers

What does Ben & Jerry’s actively support according to the text?

"Marriage equality for over 35 years" Signup and view all the answers

How does CSR motivate employees according to the text?

By helping employees identify with the company and targeting their well-being Signup and view all the answers

"What is the correct definition of CSR according to the text?"

"The correct definition probably lies somewhere in between ISO26000 standard and EU definition" Signup and view all the answers