Evolution of Corporate Social Responsibility

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What does the acronym CSR stand for in the business world?

Corporate Sustainability Report

Company Service Regulations

Corporate Social Responsibility (correct)

Customer Satisfaction Ratio

Which of the following is a pro of Corporate Social Responsibility as mentioned in the text?

Boosts value and profitability (correct)

Diminishes employee motivation

Reduces overall costs significantly

Creates shareholder resistance

What is one of the cons associated with Corporate Social Responsibility according to the text?

Boosts company reputation

Promotes greenwashing (correct)

Decreases costs considerably

Enhances customer relations

What is Coca-Cola's commitment as part of their 'World Without Waste' vision by 2030?

To collect and recycle 100% of its product packaging Signup and view all the answers

What recognition did Coca-Cola Philippines receive according to the text?

Asia Corporate Excellence and Sustainability Awards (ACES) Signup and view all the answers

How does Coca-Cola contribute to sustainable business operations in the Philippines according to the text?

By boosting the waste management system in the country Signup and view all the answers

What is the basic purpose of businesses according to the Committee for Economic Development (CED)'s view on Corporate Social Responsibility?

To constructively serve the needs of society to their satisfaction Signup and view all the answers

According to Jones, how should Corporate Social Responsibility (CSR) be seen?

As a decision-making process influencing corporate behavior Signup and view all the answers

Why do multi-national companies believe that being responsible is a safe path according to the text?

To balance the opportunities and challenges of globalization Signup and view all the answers

What are some aspects included in companies' implementation of Corporate Social Responsibility (CSR) according to the text?

Environmental protection and stakeholder rights Signup and view all the answers

Carroll's Four-Part Pyramid Model of Corporate Social Responsibility includes all of the following EXCEPT:

Political Responsibilities Signup and view all the answers

What influences the continuous evolution of Corporate Social Responsibility (CSR) according to the text?

Organizations incorporating social interests in business practices Signup and view all the answers

Who is often referred to as the father of Corporate Social Responsibility (CSR)?

Howard Bowen Signup and view all the answers

What was the catalyst for the modern concept of Corporate Social Responsibility (CSR)?

Social Responsibilities of the Businessman publication Signup and view all the answers

What was one of the key beliefs during the mid-to-late 1800s Industrial Revolution regarding employment practices?

Employment practices caused poverty and labor unrest Signup and view all the answers

What does Howard Bowen emphasize companies produce other than goods and services?

Workplace conditions Signup and view all the answers

What is one of the key objectives of Module 1 Introduction to CSR?

Exploring the historical development of CSR Signup and view all the answers

Why is investing in social responsibility considered economically rational according to Howard Bowen?

To enhance the well-being of employees Signup and view all the answers