Podcast
Questions and Answers
What is the main focus of primary stakeholders in an organization?
What is the main focus of primary stakeholders in an organization?
- Donations, pollution prevention, and recycling
- Product quality and honest advertising
- Financial soundness and accurate financial disclosure (correct)
- Ensuring workplace safety
Which group would be categorized as a secondary stakeholder in an organization?
Which group would be categorized as a secondary stakeholder in an organization?
- Suppliers
- Investors
- Government (correct)
- Customers
What does stakeholder analysis or mapping aim to determine?
What does stakeholder analysis or mapping aim to determine?
- Product quality standards
- Employee salary expectations
- Workplace safety measures
- Influence of stakeholders on performance (correct)
Which of the following best describes Corporate Social Responsibility (CSR)?
Which of the following best describes Corporate Social Responsibility (CSR)?
What do employees primarily focus on in terms of stakeholder concerns?
What do employees primarily focus on in terms of stakeholder concerns?
Which stakeholder group is crucial for the survival of an organization?
Which stakeholder group is crucial for the survival of an organization?
What is the role of ethical policies and social responsibility practices in an organisation?
What is the role of ethical policies and social responsibility practices in an organisation?
Why do businesses need to incorporate ethics into their strategies according to the text?
Why do businesses need to incorporate ethics into their strategies according to the text?
What does the text mention as a potential consequence of unethical or questionable social practices?
What does the text mention as a potential consequence of unethical or questionable social practices?
How does the text define ethics beyond just not violating laws?
How does the text define ethics beyond just not violating laws?
What is the key difference between the Conventional stage and the Postconventional stage in ethical development?
What is the key difference between the Conventional stage and the Postconventional stage in ethical development?
What does corporate sustainability entail?
What does corporate sustainability entail?
Which of the following is NOT an example of a situational factor that influences ethical conduct within an organization?
Which of the following is NOT an example of a situational factor that influences ethical conduct within an organization?
Why do consumers becoming more demanding pose a challenge to businesses according to the text?
Why do consumers becoming more demanding pose a challenge to businesses according to the text?
At what level does the development of corporate culture to support ethics involve providing tools to evaluate ethical dilemmas and reach suitable solutions?
At what level does the development of corporate culture to support ethics involve providing tools to evaluate ethical dilemmas and reach suitable solutions?
What role do executives play in shaping ethical conduct according to the text?
What role do executives play in shaping ethical conduct according to the text?
What responsibility do organisations have towards society, as mentioned in the text?
What responsibility do organisations have towards society, as mentioned in the text?
Which of the following is NOT a level involved in the development of corporate culture to support ethics as per the text?
Which of the following is NOT a level involved in the development of corporate culture to support ethics as per the text?
What is one of the core qualities associated with the successful implementation of sustainability strategies?
What is one of the core qualities associated with the successful implementation of sustainability strategies?
What is a key factor in developing a culture of continual improvement, innovation, and learning?
What is a key factor in developing a culture of continual improvement, innovation, and learning?
Which aspect is emphasized as important for driving successful business sustainability?
Which aspect is emphasized as important for driving successful business sustainability?
What is one of the enabling conditions for integrated sustainability as outlined in Table 3.3 on page 61 of the textbook?
What is one of the enabling conditions for integrated sustainability as outlined in Table 3.3 on page 61 of the textbook?
Why is developing and valuing people's capability considered important in implementing sustainable strategies?
Why is developing and valuing people's capability considered important in implementing sustainable strategies?
In the context of sustainability enablers, why is behaving ethically, socially, financially, and environmentally responsible emphasized?
In the context of sustainability enablers, why is behaving ethically, socially, financially, and environmentally responsible emphasized?
What is emphasized in the text as a key guideline for ethical behaviour in an organisation?
What is emphasized in the text as a key guideline for ethical behaviour in an organisation?
What role should finance professionals play in relation to ethical behaviour according to the text?
What role should finance professionals play in relation to ethical behaviour according to the text?
What is a suggested approach for dealing with ethical dilemmas in the text?
What is a suggested approach for dealing with ethical dilemmas in the text?
Why is it important to integrate ethics into an organization's business strategy?
Why is it important to integrate ethics into an organization's business strategy?
What should governance structures include to ensure ethical oversight?
What should governance structures include to ensure ethical oversight?
How does the text suggest organizations handle unethical business practices?
How does the text suggest organizations handle unethical business practices?
