Corporate Responsibility and Stakeholders Quiz

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Questions and Answers

What does corporate responsibility primarily focus on?

  • Maximizing profits for shareholders
  • Increasing market share and competitiveness
  • Reducing operational costs
  • Fulfilling obligations to stakeholders (correct)

Which group is NOT typically considered a stakeholder in corporate responsibility?

  • Competitors (correct)
  • Suppliers
  • Community
  • Employees

What is a potential consequence of long commuting hours?

  • Greater productivity in personal projects
  • Increased time for family activities
  • Enhanced opportunities for social interactions
  • Reduced availability for personal leisure (correct)

Which of the following stakeholders is included in corporate responsibility efforts?

<p>Employees and customers (C)</p> Signup and view all the answers

Which of the following best describes corporate social responsibility (CSR)?

<p>Fulfilling obligations toward diverse stakeholders (B)</p> Signup and view all the answers

How do frequent business trips impact personal life?

<p>They can limit opportunities for family interactions (B)</p> Signup and view all the answers

Which aspect is least likely to be a focus of corporate responsibility?

<p>Fostering competitive advantage (D)</p> Signup and view all the answers

Which of the following is NOT a result of long commuting hours?

<p>More time for personal hobbies (D)</p> Signup and view all the answers

What is a common disadvantage of long commutes or regular business travel?

<p>Minimized time for leisure activities (A)</p> Signup and view all the answers

What is likely to happen to family time when commuting is extensive?

<p>Family time is often reduced (C)</p> Signup and view all the answers

What is one primary purpose of training sessions within a company?

<p>To familiarize employees with the company's code of ethics (A)</p> Signup and view all the answers

How does increased awareness from training sessions benefit employees?

<p>It helps them understand the boundaries of acceptable behavior (B)</p> Signup and view all the answers

Which of the following topics is typically covered in training sessions?

<p>Company's code of ethics (C)</p> Signup and view all the answers

What outcome do training sessions promote among employees regarding ethical norms?

<p>A shared understanding of ethical norms (A)</p> Signup and view all the answers

What might employees face when organizational pressures conflict with their ethical principles?

<p>A dilemma about their values (B)</p> Signup and view all the answers

In addition to the code of ethics, which framework is emphasized in training sessions?

<p>Relevant legal frameworks (B)</p> Signup and view all the answers

Which of the following actions might ethical dilemmas in the workplace involve?

<p>Manipulating data for perceived short-term gains (D)</p> Signup and view all the answers

The pressure to gain short-term results may lead employees to engage in which type of practices?

<p>Unethical practices (A)</p> Signup and view all the answers

Which of the following is NOT typically a consequence of succumbing to organizational pressures?

<p>Long-term professional growth (C)</p> Signup and view all the answers

What is a potential impact on stakeholders if employees engage in unethical practices?

<p>Misleading information being disseminated (D)</p> Signup and view all the answers

What is the primary purpose of an exam?

<p>To demonstrate individual qualifications and skills (B)</p> Signup and view all the answers

Which aspect is outlined as being important for the conduct of an exam?

<p>The framework and conditions set by the university (B)</p> Signup and view all the answers

In what context are qualifications and skills assessed during an exam?

<p>Within the parameters defined by the university (D)</p> Signup and view all the answers

How do exams help students in their academic journey?

<p>By demonstrating individual abilities and competencies (C)</p> Signup and view all the answers

Which statement best reflects the nature of an exam?

<p>An exam is a formal test regulated by the university's guidelines (C)</p> Signup and view all the answers

Why is it important to complete your own assignment?

<p>To allow the instructor to assess your understanding accurately. (A)</p> Signup and view all the answers

What is a potential consequence of not doing your own work on assignments?

<p>The instructor may misinterpret your strengths. (B)</p> Signup and view all the answers

What does an assignment primarily help instructors to evaluate?

<p>The student's understanding of the material. (B)</p> Signup and view all the answers

If you do not perform your own work, what is the impact on grading?

<p>Grades might reflect the wrong level of understanding. (C)</p> Signup and view all the answers

Why might an instructor struggle to evaluate your performance fairly?

<p>If all students submit identical assignments. (D)</p> Signup and view all the answers

Flashcards

Personal Time

Time dedicated to personal activities, relaxation, and socializing with loved ones.

Commuting

Regular travel to and from work, often involving a long duration.

Business Trips

Trips undertaken for professional purposes, typically involving travel to another location.

Free Time

The amount of time available for personal, leisure, and family activities after work and commuting.

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Time Constraint

Reduced free time due to long commuting or frequent business trips.

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Unethical Practices

Actions intended to benefit an organization, even if they go against ethical principles or social standards.

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Organizational Pressure

The feeling of being pressured to do something you believe is wrong due to your work environment.

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Ethical Dilemma

A situation where an individual must choose between their personal beliefs and what their organization expects of them.

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Misleading Stakeholders

Misleading information or actions intended to make an organization look better than it is.

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Short-term Gains

A situation where an employee might choose to act against their ethics for the promise of quick benefits.

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Ethics Training

Training programs that educate employees on a company's ethical standards, industry rules, and relevant laws.

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Company Code of Ethics

A set of principles that guide an organization's conduct, covering areas like fairness, honesty, and responsibility.

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Industry Regulations

Rules and regulations created by government agencies to ensure fair and safe practices in specific industries.

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Legal Frameworks

Formal frameworks that govern legal conduct and create boundaries for acceptable actions.

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Ethical Norms

Shared understanding and acceptance of ethical principles within an organization.

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What does an assignment help instructors do?

A fair evaluation of your understanding by an instructor.

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Why is it important to do your own work on assignments?

It means the grade you get accurately reflects your knowledge.

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What happens if you don't do your own work?

The instructor can't give a fair grade if they don't know how much you truly understand.

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What does an instructor aim to provide through assignments?

An evaluation based on your genuine understanding of the topic.

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Why are fair evaluations important for students?

It's crucial to have honest and accurate assessments to guide learning.

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What is an exam?

A test that assesses your skills and knowledge within the university's defined criteria.

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Exam framework and conditions

Conditions and rules set by the university for each exam.

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Individual qualifications and skills

The specific skills and knowledge you must demonstrate in the exam.

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What is Corporate Social Responsibility (CSR)?

A company's responsibility towards its employees, customers, suppliers, community, and the environment.

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Who are stakeholders?

Individuals or groups who have a stake in a company's actions and outcomes.

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How does CSR affect a company's actions?

Acting in a way that considers the well-being of stakeholders and the environment, even if it means sacrificing short-term profits.

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What are the benefits of CSR for a company?

CSR can increase trust and loyalty from customers, attract talent, and improve a company's reputation.

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How can a company demonstrate its commitment to CSR?

Companies can implement policies, programs, and initiatives to prioritize ethical practices and sustainability.

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Study Notes

Ethics

  • Norms are standards of expected social behaviour in society.
  • Attitudes are individual approaches towards events, people, places, etc. Attitudes can be positive or negative.
  • Behavior is what one does, generally determined by attitude, but situations can affect behaviour.
  • Values are principles of what is good or bad in society. They influence behaviour and attitude. Values can be positive, negative or neutral.

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