Tag: concept of social responsibility

Questions Related to concept of social responsibility

In which dimension of CSR responsibility would you classify the issue of recycling and non wasteful packaging? 

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. Consumer

  2. Social and community involvements

  3. Physical environment

  4. Employee relations

Show answer
Correct Option: C
Explanation:
Businesses should utilize natural and man-made resources in an optimal and responsible manner and ensure the sustainability of resources by reducing, reusing, recycling and managing waste. This can restore the physical environment.

A business should have which kind of an approach?

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. Profit earning

  2. Social responsibility

  3. Both (a) & (b)

  4. Either (a) and (b)

Show answer
Correct Option: C
Explanation:
Companies are expected to meet society’s demands for goods and services, to provide employment, to contribute to the exchequer, and to operate efficiently at a profit. There is no conflict between social responsibility and the obligation on companies to use scarce resources efficiently and to be profitable—an unprofitable business is a drain on society. The essence of the contract between society and business is that companies shall not pursue their immediate profit objectives at the expense of the long-term interests of the community

Which of the following is not a dimension of Corporate Social Responsibility?

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. Economic

  2. Legal

  3. Ethical

  4. Emotional

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Correct Option: D
Explanation:

There are four kinds of social responsibility: legal, ethical, economic and philanthropic. Legal dimension of CSR relates to compliance with laws and regulations established by the authorities, which set standards for responsible behavior – the codification of what society thinks is right or wrong.

A business should have which kind of an approach?

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. Profit earning

  2. Social responsibility

  3. Both (A) and (B)

  4. Either (A) and (B)

Show answer
Correct Option: C
Explanation:

Generally business have three main approach:-

1. Profit earning
2. Wealth maximization
3. Social responsibility

In which dimension of CSR responsibility would you classify the issue of recycling and non wasteful packaging?

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. Consumer

  2. Social and community involvements

  3. Physical environment

  4. Employee relations

Show answer
Correct Option: C
Explanation:

Physical environment refers to the level of upkeep, ambient noise, lighting, indoor air quality and/or thermal comfort of the school's physical building and its location within the community. the issue of recycling and non-wasteful packaging refers to physical environment.

Which of the following is not a criticism of CSR?

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. CSR is too costly

  2. CSR encourage cynicism

  3. CSR leads to enhanced brand reputation

  4. CSR is misguided

Show answer
Correct Option: C
Explanation:
 $CSR$ creates a favourable public image, which attracts customers. Reputation or brand equity of the products of a company which understands and demonstrates its social responsibilities is very high.
Customers trust the products of such a company and are willing to pay a premium on its products. 
Organizations that perform well with regard to $CSR$ can build reputation, while those that perform poorly can damage brand and company value when exposed. Brand equity, is founded on values such as trust, credibility, reliability, quality and consistency. 

A socially responsible mutual fund will only purchase stocks in companies that ____________.

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. have no-smoking policy in place

  2. have a culturally diverse management team

  3. hire some job candidates who are HIV positive

  4. have good social performance

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Correct Option: D
Explanation:

A socially responsible mutual fund will only purchase stock of that company who have good social performance as socially responsible mutual fund will always look for those company who have good social performance. 

A running company was selling defected machines by claiming them to be new such kind of practice is unethical is?

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. Institutional level

  2. Government level

  3. Society level

  4. None of the above

Show answer
Correct Option: C
Explanation:
  1. Taking shortcuts / shoddy work: 
  2. Lying to hide mistakes: 
  3. Badmouthing colleagues: 
  4. Passing the buck (when you don't get your work done): 
  5. Slacking off when no one is watching
  6. Lying to hide your colleagues’ mistakes: 
  7. Taking credit for other colleagues’ work: 
  8. Pulling a sickie: 
  9. Lying about skills and experience: 
  10. Taking low value items

Which of the following is not a criticism of CSR ? 

organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

  1. CSR is too costly

  2. CSR encourages cynicism

  3. CSR leads to enhanced brand reputation

  4. CSR is misguided

Show answer
Correct Option: C
Explanation:
CSR creates a favourable public image, which attracts customers. Reputation or brand equity of the products of a company which understands and demonstrates its social responsibilities is very high. Customers trust the products of such a company and are willing to pay a premium on its products.
Organizations that perform well with regard to CSR can build reputation, while those that perform poorly can damage brand and company value when exposed. Brand equity, is founded on values such as trust, credibility, reliability, quality and consistency.