Historical Phases of CSR
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Questions and Answers

What is the primary focus of economic responsibility?

  • Making financial decisions that benefit society (correct)
  • Upholding human rights principles
  • Donating to charitable causes
  • Environmental sustainability
  • Which of the following is an example of environmental responsibility?

  • Prioritizing sustainable practices (correct)
  • Upholding human rights principles
  • Donating to charitable causes
  • Investing in education programs
  • What is the main goal of philanthropic responsibility?

  • To uphold human rights principles
  • To prioritize sustainable practices
  • To invest in alternative energy sources
  • To give back to society and support community development (correct)
  • What is ethical responsibility?

    <p>A company's commitment to operate in an ethical manner</p> Signup and view all the answers

    Why should a corporation perform its social responsibility?

    <p>To return a fair portion of its profit to the people</p> Signup and view all the answers

    What is the main purpose of corporate social responsibility?

    <p>To benefit society and give back to the community</p> Signup and view all the answers

    What aspect of social responsibility involves ensuring supply chains adhere to ethical standards?

    <p>Ethical Sourcing</p> Signup and view all the answers

    What is a key consideration for companies in terms of social responsibility towards the environment?

    <p>Reducing waste and minimizing carbon emissions</p> Signup and view all the answers

    Why is community engagement an important aspect of social responsibility?

    <p>To demonstrate social responsibility and contribute to the community</p> Signup and view all the answers

    What is meant by accessibility in the context of social responsibility?

    <p>Designing products that are accessible to all consumers</p> Signup and view all the answers

    What is a key benefit of social responsibility towards the community and the environment?

    <p>Minimizing negative impacts on the environment</p> Signup and view all the answers

    What is an example of a social responsibility initiative?

    <p>Sponsoring a community event</p> Signup and view all the answers

    During Profit Maximizing Management phase, what was the main focus of management's actions?

    <p>Maximizing profit</p> Signup and view all the answers

    What is a characteristic of Profit Maximizing Management phase regarding working conditions?

    <p>Ignoring unsafe working conditions</p> Signup and view all the answers

    In the Trusteeship Management phase, who was management considered to be a trustee for?

    <p>All groups contributing to the business</p> Signup and view all the answers

    What distinguished Quality of Life Management phase from previous phases regarding basic goods and services?

    <p>Security of basic goods no longer a principal problem</p> Signup and view all the answers

    Which phase expanded the concept of social responsibility due to social and economic problems?

    <p>Quality of Life Management</p> Signup and view all the answers

    What was a common practice during the Profit Maximizing Management phase to cut costs and boost profits?

    <p>Utilizing child labor and paying starvation wages</p> Signup and view all the answers

    What is expected of businesses regarding the improvement of the quality of life?

    <p>Prioritize the needs and interests of the whole society</p> Signup and view all the answers

    Which of the following views emphasizes balancing the interests of employees, customers, suppliers, and the local plant community?

    <p>Managerial View</p> Signup and view all the answers

    What is the primary responsibility of business, as per the Classical View?

    <p>Maximizing profits</p> Signup and view all the answers

    Which perspective emphasizes giving excess wealth to the less fortunate?

    <p>Christian View</p> Signup and view all the answers

    What does the Public View primarily focus on?

    <p>Needs and interest of the whole society</p> Signup and view all the answers

    Which perspective advocates for harmony between business operations and public interest?

    <p>Public View</p> Signup and view all the answers

    What is one strategy mentioned in the text to promote sustainability?

    <p>Using renewable or recyclable materials</p> Signup and view all the answers

    Which practice ensures that supply chains are adhering to ethical standards?

    <p>Promoting fair labor practices</p> Signup and view all the answers

    Why is transparency important for companies with regards to sustainability?

    <p>It fosters accountability</p> Signup and view all the answers

    What is a way in which companies can invest in the long-term prosperity of communities?

    <p>Supporting education and workforce development programs</p> Signup and view all the answers

    How do companies promote reparability of products?

    <p>Designing products with repairable components</p> Signup and view all the answers

    What is a key benefit of adhering to sustainable practices in the supply chain?

    <p>Preventing environmental degradation</p> Signup and view all the answers

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