Podcast
Questions and Answers
What is the primary focus of CSR according to Epstein?
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?
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?
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?
What is the extended obligation of corporations beyond compliance with laws and regulatory bodies?
What is the primary difference between CSR and Corporate Citizenship?
What is the primary difference between CSR and Corporate Citizenship?
What is the relationship between a corporation's actions and the welfare of society, according to Bauer?
What is the relationship between a corporation's actions and the welfare of society, according to Bauer?
What type of social responsibility emphasizes action and activity?
What type of social responsibility emphasizes action and activity?
What is the purpose of businesses assuming social responsibility, according to the concept of self-enlightenment?
What is the purpose of businesses assuming social responsibility, according to the concept of self-enlightenment?
What is the likely outcome for businesses that disregard social problems?
What is the likely outcome for businesses that disregard social problems?
What is the primary motivation for businesses to prioritize consumer sovereignty?
What is the primary motivation for businesses to prioritize consumer sovereignty?
What is the primary benefit of businesses assuming social responsibility in the long-run?
What is the primary benefit of businesses assuming social responsibility in the long-run?
What is the primary reason for businesses to prioritize ethical responsibility?
What is the primary reason for businesses to prioritize ethical responsibility?
