Tag: concept of social responsibility

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Questions Related to concept of social responsibility

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

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

  1. Consumer

  2. Social and community involvements

  3. Physical environment

  4. Employee relations
Reveal answer Fill a bubble to check yourself
C Correct answer
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.
Multiple choice organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

A business should have which kind of an approach?

  1. Profit earning

  2. Social responsibility

  3. Both (a) & (b)

  4. Either (a) and (b)
Reveal answer Fill a bubble to check yourself
C Correct answer
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
Multiple choice organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

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

  1. Economic

  2. Legal

  3. Ethical

  4. Emotional
Reveal answer Fill a bubble to check yourself
D Correct answer
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.

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

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

  1. Consumer

  2. Social and community involvements

  3. Physical environment

  4. Employee relations
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

Which of the following is not a criticism of CSR?

  1. CSR is too costly

  2. CSR encourage cynicism

  3. CSR leads to enhanced brand reputation

  4. CSR is misguided
Reveal answer Fill a bubble to check yourself
C Correct answer
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. 

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

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

  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
Reveal answer Fill a bubble to check yourself
D Correct answer
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. 

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

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

  1. Institutional level

  2. Government level

  3. Society level

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
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
Multiple choice organization of commerce and management social responsibility of management and csr concept of social responsibility corporate social responsibility social responsibility

Which of the following is not a criticism of CSR ? 

  1. CSR is too costly

  2. CSR encourages cynicism

  3. CSR leads to enhanced brand reputation

  4. CSR is misguided
Reveal answer Fill a bubble to check yourself
C Correct answer
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.