Corporate Social Responsibility and Performance Quiz

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Questions and Answers

What factor has a stronger effect on corporate financial performance (CFP) in certain industries?

Corporate social responsibility (CSR) reputation (correct)

Ethical labor practices

Innovative product development

Customer satisfaction metrics

Which of the following is NOT part of the CSR infrastructure?

Financial auditing services (correct)

Civil society/societal institutions

State/government institutions

Market/business initiatives

What is a primary critique of the audit-model in CSR initiatives within Global Production Networks (GPN)?

The transparency of audit results

The independence of those conducting audits (correct)

The speed at which audits are conducted

The cost of implementing audits

What does the trend indicate regarding governance in CSR initiatives?

A shift towards private-led global governance initiatives (C) Signup and view all the answers

Why is establishing causality between Corporate Social Performance (CSP) and CFP challenging?

Methodological problems in research (A) Signup and view all the answers

What is a primary critique of virtue ethics regarding its applicability in larger communities?

Virtues cannot thrive in larger, anonymous settings. (B) Signup and view all the answers

How does virtue ethics view morality in relation to economic practices?

Morality is contextual and shaped by specific circumstances. (B) Signup and view all the answers

What is emphasized as a key factor in maintaining ethical economic behavior according to virtue ethics?

Shared values and trust among agents. (D) Signup and view all the answers

What does virtue ethics suggest about the impact of excessive focus on external rewards?

It can lead to unethical behavior in economic practices. (D) Signup and view all the answers

In the context of virtue ethics, what role do intrinsic motivations play in economic activities?

They enhance moral responsibility and commitment. (B) Signup and view all the answers

What does virtue ethics indicate regarding balancing practices in economics?

A balance between deficiency and excess is essential. (A) Signup and view all the answers

What reflects the relationship between trust and economic transactions as per virtue ethics?

Trust acts as a vital mechanism for cooperation. (B) Signup and view all the answers

Which aspect is less emphasized by virtue ethics in economic behavior?

Strict adherence to market regulations. (A) Signup and view all the answers

What is the primary focus of the principle of shared value?

Creating economic value while addressing societal needs (D) Signup and view all the answers

Which of the following is NOT one of the key ways companies can create shared value?

Implementing strict cost-cutting measures (A) Signup and view all the answers

How does a narrow conception of capitalism affect businesses?

It restricts business potential to address broader societal challenges. (D) Signup and view all the answers

What is a key outcome of redefining the purpose of corporations as creating shared value?

Greater innovation and productivity growth in the economy (C) Signup and view all the answers

Why have firms traditionally ceded the responsibility for solving social problems?

They view it as a role exclusively for governments and NGOs. (B) Signup and view all the answers

What implication does the concept of externalities have on business practices?

They highlight the hidden social costs created by firms. (D) Signup and view all the answers

Which approach best describes how firms can integrate the concept of shared value?

Analyzing opportunities through the lens of societal benefits (A) Signup and view all the answers

What is a potential consequence of not developing a framework for guiding business efforts towards societal issues?

Continued focus on peripheral social responsibility (D) Signup and view all the answers

What is necessary for an individual to develop a moral character?

Doing actions and receiving feedback. (C) Signup and view all the answers

How should organizations encourage virtuous behavior among their members?

Through individual aspirations and supportive organizational structures. (B) Signup and view all the answers

Which of the following limitations is associated with virtue ethics?

It offers less guidance for deliberation in complex situations. (A) Signup and view all the answers

What is a key criticism of relying solely on good intentions in decision-making?

Good intentions can result in non-ideal outcomes despite positive motivation. (D) Signup and view all the answers

What is the primary aim of the shared value concept as discussed in the paper?

To redefine corporate purpose and enhance community investments. (A) Signup and view all the answers

What role does practical wisdom play in developing good habits?

It aids in making informed decisions that promote virtue. (A) Signup and view all the answers

Why is the responsibility of individuals regarding character development considered unclear?

Character development is a lifelong process influenced by several factors. (C) Signup and view all the answers

What is the significance of learning from good examples in moral character development?

It enhances understanding of virtuous behavior and habits. (B) Signup and view all the answers

What is a major criticism of globalization regarding wealth distribution?

The majority of wealth flows from poorer countries to richer countries. (D) Signup and view all the answers

Which of the following describes a consequence of globalization as per the text?

Higher integration into the world economy necessitates adjustment and change. (A) Signup and view all the answers

What is a characteristic of virtue ethics as stated in the content?

It asks what kind of person one should be to consistently act rightly. (B) Signup and view all the answers

Which global institution is mentioned as influencing trade relations under globalization?

International Monetary Fund (A) Signup and view all the answers

Which principle does Kant emphasize as necessary for an action to be considered good?

The intention must be rooted in a good will. (B) Signup and view all the answers

What is a primary ethical question addressed by virtue ethics?

How should I live to embody virtue? (A) Signup and view all the answers

How does Kant’s Categorical Imperative serve in his ethical framework?

As a test for determining an action of good will. (B) Signup and view all the answers

Which statement best reflects the first version of the Categorical Imperative?

Always act as though your maxim could become a universal law. (A) Signup and view all the answers

What burden do developing countries often face due to globalization?

High levels of debt to international institutions. (D) Signup and view all the answers

What is a central critique of Kant's ethical theory concerning his views on race?

It allows for discrimination against non-Europeans. (D) Signup and view all the answers

What underpins the ethical approach of utilitarianism mentioned in the content?

The optimal outcomes for the greatest number of people. (D) Signup and view all the answers

What distinguishes virtue ethics from deontology and consequentialism?

Inquiry into what kind of person one should be. (C) Signup and view all the answers

What aspect of globalization does David Gale Johnson emphasize?

Growth leads to dislocations and not inherently to globalization. (A) Signup and view all the answers

According to Aristotle’s virtue ethics, how are virtues defined?

As a mean between more extreme character traits. (B) Signup and view all the answers

What role does moral education play in virtue ethics?

It shapes the development of good character and habits. (A) Signup and view all the answers

In Kant's ethical theory, what is prioritized over the consequences of actions?

The morality of the intention behind actions. (D) Signup and view all the answers

Study Notes

Organization and Society

Course covers the introduction and characterization of modern society, the underpinnings of responsibility, corporate social responsibility, stakeholder theory, institutional theory, designers' perspective on (ir) responsible organizing, and career perspectives.
Week 1 Introduction and characterization of modern society.
- Stakeholder Capitalism, Globalization, and the Social Responsibility of Businesses.
Week 2 The underpinnings of responsibility.
- Virtue Ethics, Deontological Ethics (Duty Ethics), and Consequentialism (Utilitarianism)
Week 3 Corporate Social Responsibility.
- Contesting the value of "Creating Shared Value"
Week 4 Stakeholder theory.
- Toward a theory of stakeholder identification and salience defining the principle of who and what really counts.
Week 5 Institutional theory.
- Crafting an Analytical Framework 1: Three Pillars of Institutions
Week 6 Designers perspective on (ir)responsible organizing.
- The Organized Irresponsibility Principle and Risk Arbitrage
Week 7 Career perspectives.

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Description

Test your knowledge on the intersections of Corporate Social Responsibility (CSR) and Corporate Financial Performance (CFP). This quiz evaluates understanding of concepts such as virtue ethics, governance trends, and the challenges of establishing causality. Dive into critical critiques and intrinsic motivations that shape economic practices.