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CSR Perspectives and Responsibilities

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Questions and Answers

What is the primary focus of CSR according to Epstein?

Economic and legal obligations

Achieving outcomes with beneficial effects on stakeholders (correct)

Protecting the welfare of society as a whole

Compliance with laws and regulatory bodies

According to Davis and Blomstrom, what is the role of decision makers in CSR?

To prioritize economic interests over social welfare

To take actions that balance their own interests with the welfare of society (correct)

To focus solely on the interests of the corporation

To ignore the impact of their actions on society

What is the main idea behind the concept of Corporate Citizenship?

A corporation's primary goal is to maximize profits

A corporation's actions should have a beneficial impact on society (correct)

A corporation's sole responsibility is to comply with laws and regulations

A business entity's primary responsibility is to its shareholders

What is the extended obligation of corporations beyond compliance with laws and regulatory bodies?

To take actions that improve the quality of life of employees and their families Signup and view all the answers

What is the primary difference between CSR and Corporate Citizenship?

CSR is about compliance with laws, while Corporate Citizenship is about taking voluntary actions Signup and view all the answers

What is the relationship between a corporation's actions and the welfare of society, according to Bauer?

A corporation's actions consider the impact on society Signup and view all the answers

What type of social responsibility emphasizes action and activity?

Corporate social responsiveness Signup and view all the answers

What is the purpose of businesses assuming social responsibility, according to the concept of self-enlightenment?

To contribute to the social good Signup and view all the answers

What is the likely outcome for businesses that disregard social problems?

Self-devastation in the future Signup and view all the answers

What is the primary motivation for businesses to prioritize consumer sovereignty?

To satisfy consumer needs and wants Signup and view all the answers

What is the primary benefit of businesses assuming social responsibility in the long-run?

Sustainability and long-term survival Signup and view all the answers

What is the primary reason for businesses to prioritize ethical responsibility?

To be a good corporate citizen Signup and view all the answers