Exam 2: Corporate Social Responsibility, Citizenship, and Sustainability.

In Carroll's four-part definition of corporate social responsibility, ethical responsibilities are required of business only by society, and not by businesses themselves.

Provide a short answer to each of these questions. Be sure to fully explain your answer. -In the 1890s, the Robber Barons began to use their personal wealth and the wealth accumulated by their corporations to enhance the social good. Their philanthropic activities were encouraged, in part, because public opinion was demanding that the government do something to limit their power. Is this type of activity still occurring in the United States? Why or why not?

In order to operate with a true stakeholder perspective, firms must accept the multiple bottom line view.

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Describe socially responsible investing.

In practical terms, the socially responsible firm must be involved in philanthropy, as society expects it.

The modern era of corporate social responsibility (from the 1950s to today)

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Discuss the methods used by Fortune magazine to determine how firms are ranked as to Social Responsibility. Do you think the ranking is fair? Why or why not?

The Triple Bottom Line concept focuses on economic, social, and environmental performance, the key elements of

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Explain why Business for Social Responsibility (BSR) was formed.

Provide a short answer to each of these questions. Be sure to fully explain your answer. -One of the arguments against corporate social responsibility is that by requiring more of U.S. corporations, they may be put at a disadvantage relative to foreign competitors. Evaluate this argument.

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Explain the concept of "multiple bottom lines." Why do advocates of this approach prefer it over the traditional method of measuring the firm's financial performance?

Carroll's Corporate Social Performance Model helps managers understand that social responsibility is separate and distinct from financial performance.

The narrow view of corporate citizenship focuses solely on

Corporate social responsibility emphasizes

Carroll's corporate social performance model can be used in all of the ways listed below except

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. -Are the awards described in the textbook effective ways of promoting the idea of corporate social performance? Why or why not?

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. -The primary argument for corporate social responsibility states that for business to have a healthy climate in which to operate in the future, it must take current action to assure its long-term viability. Is this long-range self-interest argument valid? Does it encompass all that society wants from business?

Corporate social responsiveness emphasizes

Financial returns from socially conscious investment funds are

The traditional concept of business responsibility in the United States is based on