Ch 2: Social responsibility
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Questions and Answers

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?

<p>Implementing a clear HIV/AIDS policy (D)</p> Signup and view all the answers

How can employee training contribute to workforce development?

<p>In-service training in new technologies (A)</p> Signup and view all the answers

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

<p>Supportive measures for combating HIV/AIDS (D)</p> Signup and view all the answers

How do regulatory frameworks from the government influence businesses?

<p>Mandating CSR activities (A)</p> Signup and view all the answers

How does ensuring product quality and safety benefit businesses?

<p>Building consumer trust and loyalty (A)</p> Signup and view all the answers

What does social responsibility entail for a business?

<p>Engaging in activities that promote societal well-being (D)</p> Signup and view all the answers

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

<p>A thriving community increases demand for products and services (C)</p> Signup and view all the answers

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

<p>It leads to increased profits through greater customer loyalty (A)</p> Signup and view all the answers

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

<p>Business success is interconnected with community health and prosperity (A)</p> Signup and view all the answers

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

<p>Collaborative relationships can create more sustainable supply chains (B)</p> Signup and view all the answers

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

<p>Quality of life affects a company's long-term success (C)</p> Signup and view all the answers

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

<p>By enhancing a company's reputation and increasing profits (C)</p> Signup and view all the answers

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

<p>As a thriving community has increased spending power and demand for products and services. (D)</p> Signup and view all the answers

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

<p>Addressing the impacts of operations on society. (D)</p> Signup and view all the answers

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

<p>By creating more sustainable supply chains. (B)</p> Signup and view all the answers

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

<p>As investing in community well-being can lead to increased profits in the long run. (B)</p> Signup and view all the answers

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

<p>A thriving community results in increased spending power and demand for products and services. (A)</p> Signup and view all the answers

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

<p>By enhancing market opportunities and increasing profits. (A)</p> Signup and view all the answers

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

<p>Due to their role in enhancing community well-being and market opportunities. (A)</p> Signup and view all the answers

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

<p>Trade Unions (D)</p> Signup and view all the answers

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

<p>Economic Investment (D)</p> Signup and view all the answers

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

<p>Policy Implementation (C)</p> Signup and view all the answers

What CSR practice can be inspired by competitors?

<p>Innovative CSR practices (B)</p> Signup and view all the answers

Which strategy aims to enhance skills and productivity?

<p>Employee Training (B)</p> Signup and view all the answers

How can businesses support community well-being?

<p>Offering financial support to NGOs (D)</p> Signup and view all the answers

What contributes to a more skilled workforce?

<p>Providing bursaries for further education (C)</p> Signup and view all the answers

Which stakeholder primarily ensures product quality and safety?

<p>Consumers (D)</p> Signup and view all the answers

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

<p>To ensure a positive impact on the community and long-term success (C)</p> Signup and view all the answers

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

<p>The obligation to address socio-economic challenges (B)</p> Signup and view all the answers

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

<p>By increasing customer loyalty and enhancing reputation (B)</p> Signup and view all the answers

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

<p>To expand market opportunities and enhance goodwill (A)</p> Signup and view all the answers

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

<p>It helps build a loyal customer base in the community (C)</p> Signup and view all the answers

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

<p>They help create more sustainable supply chains (B)</p> Signup and view all the answers

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

<p>By creating stability in communities and increasing demand for products (D)</p> Signup and view all the answers

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

<p>Enhancing employability (D)</p> Signup and view all the answers

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

<p>By offering financial support to NGOs (B)</p> Signup and view all the answers

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

<p>Employee benefits and fair labor practices (C)</p> Signup and view all the answers

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

<p>To manage workplace implications of the disease (C)</p> Signup and view all the answers

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

<p>Reducing employee motivation (D)</p> Signup and view all the answers

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

<p>By providing access to medical treatment and counseling (D)</p> Signup and view all the answers

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