Corporate Social Responsibility (CSR): Ethics and Sustainability in Business

Question 1

Which of the following is NOT a core component of Corporate Social Responsibility (CSR)?

Accepted Answer

Political activism

Answer

Economic responsibility

Answer

Environmental impact

Answer

Ethical obligations

Question 2

The Triple Bottom Line (TBL) concept in CSR emphasizes the importance of:

Accepted Answer

Social and environmental considerations alongside financial performance

Answer

Profit maximization alone

Answer

Environmental protection solely

Answer

Stakeholder satisfaction exclusively

Question 3

Stakeholder theory in CSR suggests that businesses should:

Accepted Answer

Consider the interests of all parties affected by their actions

Answer

Focus primarily on shareholder interests

Answer

Ignore social and environmental concerns

Answer

Prioritize short-term financial gains

Question 4

Which of the following is NOT a challenge faced by businesses in implementing CSR?

Accepted Answer

Accessing government funding

Answer

Measuring and reporting on social and environmental impact

Answer

Gaining stakeholder support and buy-in

Answer

Balancing profit objectives with social and environmental goals

Question 5

In the context of Corporate Social Responsibility (CSR), how does the stakeholder theory guide businesses in their approach?

Accepted Answer

Consider and manage the expectations of different stakeholders, addressing their concerns and interests.

Answer

Treat all stakeholders equally, regardless of their influence or impact.

Answer

Prioritize short-term profit maximization, as it ultimately benefits all stakeholders.

Question 6

Which fundamental principle of Corporate Social Responsibility (CSR) involves considering the impact on various stakeholders?

Accepted Answer

Stakeholder consideration

Answer

Shareholder primacy

Answer

Legal compliance exclusively

Answer

Environmental sustainability solely

Question 7

What is the key objective of triple bottom line (TBL) reporting?

Accepted Answer

Providing a holistic view of a company's sustainability efforts

Answer

Measuring only financial performance

Answer

Identifying investment opportunities

Answer

Enhancing public relations and brand image

Question 8

Which ethical theory emphasizes maximizing overall happiness for the majority?

Accepted Answer

Utilitarianism

Answer

Deontology

Answer

Virtue ethics

Answer

Environmental ethics

Question 9

Define a whistleblower.

Accepted Answer

An employee who reports unlawful or unethical activities within an organization

Answer

An individual who releases sensitive information to the media

Answer

A government official who investigates corporate misconduct

Answer

A shareholder who sues a company

Question 10

Which concept encompasses the interconnected dimensions of environmental protection, social equity, and economic viability?

Accepted Answer

Sustainability

Answer

Corporate social responsibility

Answer

Ethical decision-making

Answer

Stakeholder theory

Question 11

What is the primary purpose of a code of ethics in CSR?

Accepted Answer

Guiding employees towards ethical behavior

Answer

Ensuring conformity with legal requirements

Answer

Enhancing corporate reputation solely

Answer

Preventing ethical dilemmas entirely

Question 12

What is a major challenge in using the Triple Bottom Line (TBL) approach to measure CSR?

Accepted Answer

Quantifying social and environmental impacts

Answer

Focusing only on financial performance

Answer

Implementing the approach in businesses

Answer

Ignoring stakeholder perspectives

Question 13

The concept of 'shared value' suggests that businesses can create value for both themselves and:

Accepted Answer

Society and the environment

Answer

Only shareholders and employees

Answer

Only customers and suppliers

Answer

Competitors and regulators

Question 14

Which of the following ethical principles is a fundamental driver of CSR?

Accepted Answer

Utilitarianism

Answer

Shareholder primacy

Answer

Laissez-faire

Answer

Ethical egoism

Question 15

Triple bottom line accounting involves measuring a company's performance in terms of:

Accepted Answer

Financial, social, and environmental

Answer

Financial, operational, and strategic

Answer

Social, environmental, and ethical

Answer

Regulatory, competitive, and market

Question 16

The United Nations Global Compact is an example of:

Accepted Answer

A voluntary initiative for businesses to adopt sustainable practices

Answer

A binding international treaty on CSR

Answer

A non-profit organization promoting CSR education

Answer

A government agency regulating CSR practices

Question 17

Ethical sourcing refers to:

Accepted Answer

Purchasing materials and services from suppliers who meet certain ethical standards

Answer

Investing in socially responsible funds

Answer

Donating to charities that support ethical causes

Answer

Lobbying for changes to government regulations on sustainability

Question 18

The 'precautionary principle' in CSR suggests that:

Accepted Answer

Businesses should take precautionary measures to prevent potential environmental harm, even in the absence of scientific certainty

Answer

Businesses should only act when there is clear scientific evidence of harm

Answer

Businesses should prioritize economic considerations over environmental concerns

Answer

Businesses should wait for government regulation before taking action on environmental issues

Question 19

Which of the following is a fundamental principle of Corporate Social Responsibility (CSR)?

Accepted Answer

Balancing economic, social, and environmental interests

Answer

Maximizing shareholder wealth

Answer

Complying with legal regulations and industry standards

Answer

Engaging in philanthropic activities

Question 20

What is the primary objective of corporate sustainability?

Accepted Answer

Minimizing environmental impact and resource consumption

Answer

Maximizing financial performance and shareholder value

Answer

Promoting social justice and equitable opportunities

Answer

Reducing operating costs and increasing profitability

Question 21

What is the role of ethics in CSR?

Accepted Answer

To provide a framework for decision-making and guide responsible business practices

Answer

To ensure legal compliance and avoid legal penalties

Answer

To enhance corporate reputation and attract customers

Answer

To maximize profits and increase shareholder wealth

Question 22

What is the concept of the triple bottom line approach in CSR?

Accepted Answer

Focusing on economic, social, and environmental performance

Answer

Prioritizing profit maximization above all else

Answer

Complying with all applicable environmental regulations

Answer

Meeting ethical standards and avoiding harm to society

Question 23

Which of the following is NOT a fundamental principle of Corporate Social Responsibility (CSR)?

Accepted Answer

Profit maximization

Answer

Stakeholder engagement

Answer

Environmental responsibility

Answer

Ethical behavior

Question 24

Identify the core principle of Corporate Social Responsibility (CSR).

Accepted Answer

Recognition of societal and environmental impact

Answer

Pursuit of maximum shareholder value

Answer

Compliance with legal requirements only

Answer

Prioritization of short-term profitability

Question 25

Explain the Triple Bottom Line (TBL) concept.

Accepted Answer

Assessment of business success considering financial, social, and environmental factors

Answer

Business performance evaluation solely based on financial results

Answer

Focus on ethical considerations in decision-making

Answer

Balancing the interests of stakeholders

Question 26

Examine the arguments for and against the view that Corporate Social Responsibility (CSR) is primarily a form of public relations or 'greenwashing'.

Accepted Answer

CSR can be both a form of public relations and a genuine commitment to ethical and sustainable practices, depending on the company's motivations.

Answer

CSR is solely a marketing strategy used to enhance a company's image.

Answer

CSR initiatives are always driven by a genuine commitment to ethical values and social responsibility.

Answer

CSR is always a form of deception used to mislead stakeholders about a company's true intentions.

Question 27

Which of the following is NOT a common challenge in integrating CSR principles into supply chain management?

Accepted Answer

Clear guidelines and regulations

Answer

Lack of supplier commitment

Answer

Cost implications

Answer

Resistance to change

Question 28

How can businesses best balance the need to make money with their responsibility to society and the environment?

Accepted Answer

Find creative solutions that help them make money and benefit society and the environment at the same time.

Answer

Focus only on making money and give to charity separately.

Answer

Focus only on social and environmental issues, even if it means less profit.

Question 29

Which key principle of Corporate Social Responsibility (CSR) promotes transparency and accountability?

Accepted Answer

Transparency

Answer

Stakeholder engagement

Answer

Profit maximization

Answer

Environmental stewardship

Question 30

Which benefit of implementing CSR practices enhances employee satisfaction and productivity?

Accepted Answer

Increased employee motivation

Answer

Improved brand reputation

Answer

Enhanced customer loyalty

Answer

Reduced operating costs

Question 31

What concept in CSR emphasizes balancing economic success with social and environmental concerns?

Accepted Answer

Triple bottom line

Answer

Stakeholder capitalism

Answer

Corporate sustainability

Answer

Ethical governance

Question 32

What is the purpose of the Global Reporting Initiative (GRI)?

Accepted Answer

To set standards for transparent and comprehensive CSR reporting

Answer

To enforce CSR regulations worldwide

Answer

To promote CSR best practices

Answer

To provide legal advice on CSR compliance

Question 33

Which of the following is NOT a core principle of Corporate Social Responsibility (CSR)?

Accepted Answer

Profit maximization

Answer

Ethical conduct

Answer

Environmental sustainability

Answer

Social equity

Question 34

Which of the following is a primary benefit of implementing CSR practices for businesses?

Accepted Answer

Improved reputation and brand value

Answer

Reduced operating costs

Answer

Increased market share

Answer

Tax breaks

Question 35

Which of the following is NOT a type of ethical issue that businesses may encounter in their operations?

Accepted Answer

Tax avoidance

Answer

Discrimination

Answer

Bribery

Answer

Product safety

Question 36

What is the ethical dilemma faced by businesses in balancing the interests of shareholders with the interests of other stakeholders?

Accepted Answer

Stakeholder conflict

Answer

Agency problem

Answer

Moral hazard

Answer

Adverse selection

Question 37

Which of the following is a fundamental principle of Corporate Social Responsibility (CSR)?

Accepted Answer

Protecting the environment and promoting social equity

Answer

Maximizing shareholder value only

Answer

Minimizing government regulation

Answer

Reducing employee benefits

Question 38

The "triple bottom line" in the context of CSR refers to:

Accepted Answer

Profit, People, and Planet

Answer

Profit, Loss, and Equity

Answer

Assets, Liabilities, and Capital

Answer

Revenue, Expenses, and Net Income

Question 39

The Global Reporting Initiative (GRI) primarily focuses on:

Accepted Answer

Developing sustainability reporting standards

Answer

Promoting corporate globalization

Answer

Enforcing environmental regulations

Answer

Reducing global poverty

Question 40

Which of the following is an example of ethical behavior in business?

Accepted Answer

Protecting customer privacy

Answer

Bribing government officials

Answer

Exploiting workers in developing countries

Answer

Engaging in tax evasion

Question 41

The key difference between corporate philanthropy and CSR is that:

Accepted Answer

Corporate philanthropy involves donating money, while CSR encompasses a broader range of social and environmental initiatives.

Answer

Corporate philanthropy is voluntary, while CSR is mandatory.

Answer

CSR focuses on long-term sustainability, while corporate philanthropy is short-term.

Answer

There is no difference between corporate philanthropy and CSR.

Question 42

What is a likely future trend for CSR?

Accepted Answer

Increasing stakeholder demands for corporate accountability.

Answer

Diminished relevance due to government prioritization of economic growth.

Answer

Replacement by a new model focused solely on profit maximization.

Answer

An uncertain future path.

Question 43

Which of the following is a fundamental element of Corporate Social Responsibility (CSR)?

Accepted Answer

Ethical obligations to society and the environment

Answer

Profit maximization as the primary business objective

Answer

Legal compliance without regard to social impact

Question 44

According to the stakeholder theory, businesses have ethical and social responsibilities towards:

Accepted Answer

All individuals and groups affected by their actions.

Answer

Customers and consumers exclusively

Answer

Employees and suppliers only

Answer

Shareholders and investors primarily

Question 45

Which of the following is a potential advantage of CSR for businesses?

Accepted Answer

Enhanced reputation and consumer loyalty

Answer

Exemption from legal and regulatory compliance

Answer

Guaranteed increased profits and market share

Answer

Reduced operating costs and inefficiencies

Question 46

The Triple Bottom Line (TBL) framework measures corporate performance across three dimensions:

Accepted Answer

Economic, social, and environmental

Answer

Social, ethical, and regulatory

Answer

Legal, governance, and compliance

Answer

Financial, operational, and strategic

Question 47

Which of the following is a criticism of CSR?

Accepted Answer

It can be susceptible to 'greenwashing'

Answer

It is universally accepted by all businesses

Answer

It is always detrimental to profitability

Answer

It is not enforceable by law

Question 48

The Global Reporting Initiative (GRI) is a globally recognized framework that:

Accepted Answer

Provides guidelines for reporting on sustainability performance.

Answer

Certifies businesses as socially responsible

Answer

Sets binding standards for corporate social practices

Question 49

Which of the following is a social issue that CSR addresses?

Accepted Answer

Child labor in supply chains

Answer

Tax optimization strategies

Answer

Product pricing and market competition

Answer

Government subsidies and incentives

Question 50

The ethical principle of 'integrity' in CSR requires businesses to:

Accepted Answer

Behave in a consistent, transparent, and trustworthy manner.

Answer

Maximize shareholder returns

Answer

Avoid any potential negative impacts on society

Answer

Follow all ethical and legal guidelines

Question 51

Which of the following is a primary role of governments in CSR?

Accepted Answer

Regulation and enforcement

Answer

Direct implementation of CSR initiatives

Answer

Outsourcing CSR responsibilities to businesses

Answer

Tax incentives only