Ch 2: Social responsibility

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What is the primary role of trade unions?

Inspiring innovative CSR practices

Reducing poverty through economic investment

Providing work experience opportunities for young volunteers

Advocating for employee benefits and fair labor practices (correct)

How can businesses directly reduce poverty?

Offering bursaries for further education

Offering in-service training in new technologies

Providing financial support to NGOs

Creating jobs (correct)

What is a key benefit of offering educational support to employees?

Inspiring innovative CSR practices

Implementing HIV/AIDS policies

Enhancing skills and productivity (correct)

Providing access to medical treatment for employees

What is a key strategy for combating HIV/AIDS in the workplace?

Implementing a clear HIV/AIDS policy Signup and view all the answers

How can employee training contribute to workforce development?

In-service training in new technologies Signup and view all the answers

What is the main purpose of offering financial support to NGOs in the workplace?

Supportive measures for combating HIV/AIDS Signup and view all the answers

How do regulatory frameworks from the government influence businesses?

Mandating CSR activities Signup and view all the answers

How does ensuring product quality and safety benefit businesses?

Building consumer trust and loyalty Signup and view all the answers

What does social responsibility entail for a business?

Engaging in activities that promote societal well-being Signup and view all the answers

Why does economic sustainability play a role in Corporate Social Responsibility (CSR)?

A thriving community increases demand for products and services Signup and view all the answers

How can investing in community well-being benefit a company?

It leads to increased profits through greater customer loyalty Signup and view all the answers

What is the connection between a business's long-term success and the communities it serves?

Business success is interconnected with community health and prosperity Signup and view all the answers

What role do stakeholders like suppliers play in Corporate Social Responsibility?

Collaborative relationships can create more sustainable supply chains Signup and view all the answers

Why does a business's commitment to contribute positively to stakeholders' quality of life matter?

Quality of life affects a company's long-term success Signup and view all the answers

How does Corporate Social Responsibility (CSR) benefit businesses in the long run?

By enhancing a company's reputation and increasing profits Signup and view all the answers

Why is a business more likely to prosper in a thriving community according to the text?

As a thriving community has increased spending power and demand for products and services. Signup and view all the answers

What is the primary focus of Corporate Social Responsibility (CSR) initiatives according to the text?

Addressing the impacts of operations on society. Signup and view all the answers

How do collaborative relationships with suppliers benefit businesses participating in CSR initiatives?

By creating more sustainable supply chains. Signup and view all the answers

Why is long-term profitability emphasized in the discussion of Corporate Social Responsibility (CSR)?

As investing in community well-being can lead to increased profits in the long run. Signup and view all the answers

What is the significance of economic sustainability in the context of CSR initiatives?

A thriving community results in increased spending power and demand for products and services. Signup and view all the answers

How does investing in community development benefit businesses involved in CSR?

By enhancing market opportunities and increasing profits. Signup and view all the answers

Why are stakeholders considered essential in the implementation of CSR initiatives according to the passage?

Due to their role in enhancing community well-being and market opportunities. Signup and view all the answers

Which stakeholder primarily advocates for employee benefits and fair labor practices?

Trade Unions Signup and view all the answers

What type of business program can contribute to long-term financial security for employees?

Economic Investment Signup and view all the answers

Which strategy helps businesses manage the workplace implications of HIV/AIDS?

Policy Implementation Signup and view all the answers

What CSR practice can be inspired by competitors?

Innovative CSR practices Signup and view all the answers

Which strategy aims to enhance skills and productivity?

Employee Training Signup and view all the answers

How can businesses support community well-being?

Offering financial support to NGOs Signup and view all the answers

What contributes to a more skilled workforce?

Providing bursaries for further education Signup and view all the answers

Which stakeholder primarily ensures product quality and safety?

Consumers Signup and view all the answers

Why is it crucial for a business to engage in social responsibility initiatives?

To ensure a positive impact on the community and long-term success Signup and view all the answers

What distinguishes social responsibility from a business's immediate interests?

The obligation to address socio-economic challenges Signup and view all the answers

In the context of CSR, how do CSR initiatives contribute to a company's reputation and profits?

By increasing customer loyalty and enhancing reputation Signup and view all the answers

What drives businesses to invest in community development according to the text?

To expand market opportunities and enhance goodwill Signup and view all the answers

How does investing in community well-being impact the long-term sustainability of a business?

It helps build a loyal customer base in the community Signup and view all the answers

What role do collaborative relationships with suppliers play in Corporate Social Responsibility?

They help create more sustainable supply chains Signup and view all the answers

How does economic sustainability contribute to a business's long-term success?

By creating stability in communities and increasing demand for products Signup and view all the answers

What is a potential outcome of offering work experience opportunities to young volunteers according to the text?

Enhancing employability Signup and view all the answers

How can businesses indirectly contribute to improving community well-being?

By offering financial support to NGOs Signup and view all the answers

What role do trade unions play in advocating for according to the text?

Employee benefits and fair labor practices Signup and view all the answers

Why is policy implementation important in combating HIV/AIDS in the workplace?

To manage workplace implications of the disease Signup and view all the answers

What can be a consequence of not providing educational support for further education to employees?

Reducing employee motivation Signup and view all the answers

How do supportive measures benefit businesses in the context of combating HIV/AIDS in the workplace?

By providing access to medical treatment and counseling Signup and view all the answers