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Ch 2: Social responsibility

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43 Questions

What is the primary role of trade unions?

Advocating for employee benefits and fair labor practices

How can businesses directly reduce poverty?

Creating jobs

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

Enhancing skills and productivity

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

Implementing a clear HIV/AIDS policy

How can employee training contribute to workforce development?

In-service training in new technologies

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

Supportive measures for combating HIV/AIDS

How do regulatory frameworks from the government influence businesses?

Mandating CSR activities

How does ensuring product quality and safety benefit businesses?

Building consumer trust and loyalty

What does social responsibility entail for a business?

Engaging in activities that promote societal well-being

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

A thriving community increases demand for products and services

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

It leads to increased profits through greater customer loyalty

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

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

Collaborative relationships can create more sustainable supply chains

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

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

By enhancing a company's reputation and increasing profits

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.

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

Addressing the impacts of operations on society.

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

By creating more sustainable supply chains.

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.

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.

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

By enhancing market opportunities and increasing profits.

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.

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

Trade Unions

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

Economic Investment

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

Policy Implementation

What CSR practice can be inspired by competitors?

Innovative CSR practices

Which strategy aims to enhance skills and productivity?

Employee Training

How can businesses support community well-being?

Offering financial support to NGOs

What contributes to a more skilled workforce?

Providing bursaries for further education

Which stakeholder primarily ensures product quality and safety?

Consumers

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

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

The obligation to address socio-economic challenges

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

By increasing customer loyalty and enhancing reputation

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

To expand market opportunities and enhance goodwill

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

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

They help create more sustainable supply chains

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

By creating stability in communities and increasing demand for products

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

Enhancing employability

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

By offering financial support to NGOs

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

Employee benefits and fair labor practices

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

To manage workplace implications of the disease

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

Reducing employee motivation

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

By providing access to medical treatment and counseling

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