Podcast
Questions and Answers
What is the Moral Argument for Corporate Social Responsibility (CSR)?
What is the Moral Argument for Corporate Social Responsibility (CSR)?
- It's a way to increase profits
- It's a way to attract more customers
- It's the right thing to do (correct)
- It's a requirement by law
What is the Social Efficiency Argument for CSR?
What is the Social Efficiency Argument for CSR?
- CSR is a way to increase employee motivation
- Businesses can be more efficient in solving social problems than governments and non-profits (correct)
- CSR is a way to reduce reputational damage
- Companies should only focus on making money
What is the criticism of Milton Friedman regarding CSR?
What is the criticism of Milton Friedman regarding CSR?
- CSR is a way to improve government relations
- CSR is a way to attract more customers
- CSR is a way to increase profits
- CSR is a negligence to shareholders (correct)
What is the term for companies that use sneaky tactics to claim their products are 'green' when they are not?
What is the term for companies that use sneaky tactics to claim their products are 'green' when they are not?
What is the term for a type of company that pursues both social and environmental goals, as well as economic goals?
What is the term for a type of company that pursues both social and environmental goals, as well as economic goals?
What is the problem of adverse selection in the context of CSR?
What is the problem of adverse selection in the context of CSR?
What is the main goal of corporate governance?
What is the main goal of corporate governance?
What is an effect of agency problems in corporate governance?
What is an effect of agency problems in corporate governance?
What is a means of internal governance?
What is a means of internal governance?
What is the focus of corporate social responsibility?
What is the focus of corporate social responsibility?
What is a form of corporate social responsibility?
What is a form of corporate social responsibility?
What is the concept of the 'triple bottom line'?
What is the concept of the 'triple bottom line'?
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