Which of the following statements is true of the relationship between social responsibility

a. It begins with the recognition that every business decision affects a wide variety of people, benefiting some and imposing costs on others.

b. It argues that the narrow economic model successfully provides an accurate descriptive and a reasonable normative account of business management.

c. It holds that business firms should fully integrate economic and social goals by bringing social responsibilities into the core of their business model.

d. It suggests that the long-term financial well-being of every firm is directly tied to questions of how the firm both affects and is affected by the natural environment.

2) Which of the following is true of inattentional blindness?

Select one:

a. It occurs when someone deliberately avoids taking a decision about an unpleasant ethical issue.

b. It refers to the shortsightedness about values.

c. It distinguishes good people who make ethically responsible decisions from good people who do not.

d. It occurs when people pay specific attention to a particular element of a decision, while losing sight of other aspects of it.

3) Corporate social responsibility (CSR) refers to the:

Select one:

a. dedication that businesses show in expanding their market share.

b. accountability that a manager has to his subordinates.

c. ethical expectation that society has for business.

d. actions that maximize the profit of an organization.

4) Which of the following statements is true about the economic model of corporate social responsibility (CSR)?

Select one:

a. It recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledged.

b. It holds that businesses should fully integrate economic and social goals by bringing social responsibilities into the core of their business model.

c. It places shareholders at the center of the corporation and suggests that the ethical responsibility of management is to serve those shareholders.

d. It holds that businesses have social responsibilities beyond the economic and legal ends for which they were created.

5) Which of the following is an example of a firm that is failing its fundamental social responsibility?

Select one:

a. A firm that has its loss margins exceeding its profit margins

b. A firm that uses resources at unsustainable rates

c. A firm that is financially unstable

d. A firm that prioritizes environmental sustainability

6) Identify a true statement about the integrative model of corporate social responsibility (CSR).

Select one:

a. It suggests that firms should fully combine economic and social goals by bringing social responsibilities into the core of their business model.

b. It recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledged.

c. It recognizes that some stakeholders have different power and impact on decisions than others.

d. It argues that every business should adopt the principles of benefit corporations and devote all their activities to service of social goals.

7)

Answer & Explanation

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Which of the following statements is true regarding corporate socialresponsibility (CSR)? Ca.)CSR is monitored by the United Nations.b.)Corporate governance includes volunteer time and corporate employee

Social responsibility is the use of a business's resources to help solve social problems and achieve social goals.

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Social responsibility is the use of a society's resources to help solve various social problems.

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Social responsibility is the use of a government resources to achieve social goals.

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Solution

The correct option is BSocial responsibility is the use of a business's resources to help solve social problems and achieve social goals.Social responsibility helps solve social problems and achieve social goals.

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