10 Questions
What is the primary focus of Corporate Social Responsibility (CSR)?
Integrating social and environmental concerns in business operations
When did the concept of social responsibility begin to emerge?
1950s and 1960s
In which module of the syllabus would you expect to find information about ethics in marketing, finance, and HRM?
Module 2
What is the historical origin of Corporate Social Responsibility (CSR)?
Early 20th century
During which time period did the idea of 'corporate citizenship' gain prominence?
1970s and 1980s
What does corporate governance refer to?
The set of system, principles, and processes by which a company is governed
When did Corporate Governance become a significant consideration for Indian companies?
Early 1990s
What is the nature of Corporate Governance?
A mechanism, not a law
What are the foundational principles of Corporate Governance?
Integrity, fairness, transparency, compliance, accountability
What was the status of Corporate Governance in Indian companies before the early 1990s?
It was not in the agenda of Indian companies
Study Notes
Corporate Social Responsibility (CSR)
- The primary focus of CSR is on the company's sense of responsibility towards the community and the environment.
Origins of CSR
- The concept of social responsibility began to emerge in the 1950s and 1960s.
- The historical origin of CSR can be traced back to the industrial revolution in the 18th and 19th centuries.
Ethics in Business
- Information about ethics in marketing, finance, and HRM can be found in the module on Organizational Behaviour.
Corporate Governance
- Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled.
- The concept of 'corporate citizenship' gained prominence in the 1980s and 1990s.
- Corporate governance became a significant consideration for Indian companies in the early 1990s.
- The nature of corporate governance is based on the principle of accountability.
- The foundational principles of corporate governance include transparency, accountability, fairness, and disclosure.
- Before the early 1990s, corporate governance in Indian companies was largely non-existent, with a lack of transparency and accountability.
Test your knowledge of corporate social responsibility with this quiz on CSR. Explore the concepts, principles, and practices of CSR in the context of business ethics and governance. Sharpen your understanding of the social and environmental responsibilities of corporations with this insightful quiz.
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