FREE CSR Ethical Business Practices Questions and Answers

Question 1

The use of business resources to help solve social problems and achieve social goals is known as _________.

Accepted Answer

Corporate Social Responsibility

Answer

Company Economic Responsibility

Answer

Societal Engagement

Answer

Mutual Company Responsibility

Question 2

The argument for CSR involves:

Accepted Answer

All of the above.

Answer

Recognition of moral obligations by business.

Answer

We need to balance power with responsibility.

Answer

Voluntary actions would prevent government regulations.

Question 3

A ____________ sets out the purpose and general direction for the organization?

Accepted Answer

Mission Statement

Answer

Vision

Answer

Purpose Statement

Answer

Profit Statement

Question 4

Which of the following would most effectively act as the primary objective of a business organization?

Accepted Answer

To make a profit.

Answer

To communicate with shareholders.

Answer

To mediate between the organization and the environment.

Answer

All of the above.

Question 5

What is the purpose of a balanced scorecard?

Accepted Answer

To combine a range of qualitative and quantitative indicators of performance.

Answer

To relate business performance to financial measures.

Answer

To measure the contribution of people to business growth

Answer

To relate business performance to customer satisfaction.

Question 6

Which of the following is the element of business ethics?

Accepted Answer

All of the above.

Answer

A discipline

Answer

It is both an art and science

Answer

Good intention

Question 7

Which of the following does the term Corporate Social Responsibility relate to?

Accepted Answer

All of the above.

Answer

Environmental practice

Answer

Ethical conduct

Answer

Human rights and employee relations

Question 8

Who are organizational stakeholders?

Accepted Answer

All of the above.

Answer

Employees

Answer

Government

Answer

Customers

Question 9

Which is the element of social responsibility?

Accepted Answer

All of the above.

Answer

Universal concept

Answer

Supremacy of public interest

Answer

It is related to business organization

Question 10

Which one of the following is not the principle of business ethics?

Accepted Answer

Principle of Dissatisfaction

Answer

Principle of Universality

Answer

Principle of Humanity

Answer

Principle of Autonomy