Corporate Social Responsibility (CSR) Principles

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What is the primary goal of the profit maximization approach to ethics?

To promote social responsibility

To maximize shareholder value (correct)

To ensure the well-being of all stakeholders

To protect the moral rights of individuals

Which approach to ethics prioritizes the well-being of all stakeholders?

Utilitarian approach (correct)

Profit maximization approach

Corporate social responsibility

Moral rights model

What is the moral rights model primarily concerned with?

Respecting the moral rights of individuals (correct)

Promoting social responsibility

Maximizing profits

Protecting shareholder interests

Why is corporate social responsibility important for organizational sustainability?

It enhances the organization's reputation Signup and view all the answers

What is the primary role of stakeholders in corporate social responsibility?

To provide guidance on ethical decisions Signup and view all the answers

How can an organization improve its ethical conduct in the workplace?

By implementing a code of conduct Signup and view all the answers

What is the primary consideration of the moral rights model?

Respecting individuals' rights and dignity Signup and view all the answers

What is the primary goal of corporate citizenship?

Minimise harm and maximise benefits Signup and view all the answers

What is the main goal of profit maximization?

Earning the highest possible profits Signup and view all the answers

What is the primary focus of corporate social responsibility (CSR)?

Nurturing and promoting the welfare of stakeholders and society Signup and view all the answers

What is the main criterion for evaluating corporate social performance (CSP) in terms of employment?

Employment selection and promotion based on merit Signup and view all the answers

What is the primary focus of organisations that prioritise profit maximisation without considering social effects?

Maximising profit without considering how it is made Signup and view all the answers

What is the benefit of aligning with society's expectations in terms of corporate social responsibility?

Long-term benefits for employees and customers Signup and view all the answers

What is the approach of managers who accept the utilitarian model and believe that doing what is right is beneficial for the organisation?

Doing what is right for the organisation's well-being Signup and view all the answers

What is the primary concern of employees in organisations?

Remuneration and benefits Signup and view all the answers

What is the role of organisations in corporate social investment programmes?

Investing in areas that are the responsibility of government Signup and view all the answers

What is the focus of ethical organisations?

Maximising profit while minimising negative social effects Signup and view all the answers

What is the primary concern of stakeholders in organisations?

Addressing specific concerns related to their role Signup and view all the answers

Corporate Social Responsibility (CSR) Principles

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