Tag: social responsibility

Questions Related to social responsibility

A whistle blower is an employee who __________________.

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  1. Exposes organizational wrongdoing.

  2. Complains a lot of company management.

  3. Engages in unethical behaviour.

  4. Referees disputed with other employees.

Show answer
Correct Option: A
Explanation:

A whistleblower is an employee that reports an employer's misconduct. There are laws that protect whistleblowers from being fired or mistreated for reporting misconduct. One of these laws is the Whistleblower Protection Act.

The four types of social responsibility include ____________.

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  1. legal, philanthropic, economic and ethical

  2. ethical, moral social and economic

  3. philanthropic, justice, economic and ethical

  4. legal, moral, ethical and economic

Show answer
Correct Option: A
Explanation:
In general, businesses have a hierarchy of responsibilities to meet, ranging from the basic (making a profit) to the benevolent (benefiting society). Here are some examples:
  • Economic Responsibilities - A business exists to make a profit for shareholders. If it fails to do so, it likely won’t be able to pay its employees, taxes and other obligations. A corporate social responsibility program (CSR program) cannot be implemented until a business is profitable.
  • Legal Responsibilities - Following the law is the foundation of corporate responsibility. A company cannot benefit society if it does not adhere to labor and tax laws or applicable industry regulations.
  • Ethical Responsibilities - Once a company is profitable and meets its legal responsibilities, it can move up the ladder to ethical responsibilities, which might include paying higher wages, offering employees better benefits, avoiding trade with unscrupulous companies or providing jobs to those who would otherwise have difficulty finding work.
  • Philanthropic Responsibilities - As a company meets its economic, legal and ethical responsibilities, it can consider taking on philanthropic responsibilities. Corporate philanthropy ranges in size and scope, and can include everything from donating time to a local charity to building a children’s hospital.

All definitions of Corporate Social Responsibility recognize that __________.

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  1. companies have a responsibility for their impact on society and environment

  2. the natural environment should be the main focus of CSR activities

  3. business ethics is a complex issue

  4. companies must pay equal attention to business ethics and sustainability

Show answer
Correct Option: A
Explanation:
Corporate Social Responsibility  is a concept whereby companies not only consider their profitability and growth, but also the interests of society and the environment by taking responsibility for the impact of their activities on stakeholders, environment, consumers, employees, communities, and all other members of the public sphere. The basic premise is that when the corporations get bigger in size, apart from the economic responsibility of earning profits, there are many other responsibilities attached to them which are more of non-financial/social in nature. These are the expectations of the society from these corporate to give something in return to the society with whose explicit or implicit help these entities stand where they are. 

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

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  1. Economic

  2. Legal

  3. Voluntary

  4. Emotional

Show answer
Correct Option: D
Explanation:

There are four kinds of social responsibility: legal, ethical, economic and philanthropic. 

Hence emotional is not a dimension of Corporate Social Responsibility 

All definitions of Corporate Social Responsibility recognize that ________________________.

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

  1. Companies have a responsibility for their impact on society and environment

  2. The natural environment should be the main focus of CSR activities.

  3. Business ethics is a complex issue.

  4. Companies must pay equal attention to business ethics and sustainability.

Show answer
Correct Option: A
Explanation:
The term Corporate Social responsibility refers to the concept of business being accountable for how it manages the impact of its processes on stakeholders and takes responsibility for producing a positive effect on society.
CSR is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis.

CSR stands for __________.

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

  1. Customer Satisfaction Ratios

  2. Corporate Sales Returns

  3. Customer Sales Ratios

  4. Corporate Social Responsibility

Show answer
Correct Option: D
Explanation:
Corporate Social Responsibility $(CSR)$ is a concept whereby companies not only consider their profitability and growth, but also the interests of society and the environment by taking responsibility for the impact of their activities on stakeholders, environment, consumers, employees, communities, and all other members of the public sphere. 

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

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  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?

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  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

Show answer
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