Exam 2: Corporate Citizenship: Social Responsibility, Responsiveness, and Performance

In Carroll's four-part definition of corporate social responsibility,ethical responsibilities are required of business by society.

Corporate social performance emphasizes the financial results of what the firm hopes to accomplish.

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. Distinguish between the concepts of corporate social responsibility,corporate social responsiveness,corporate social performance,and corporate citizenship.How are these ideas different from each other? How are they similar?

The early definition of corporate social responsibility was

In practical terms,the socially responsible firm must be a good corporate citizen.

The relationship between corporate social performance and financial performance is viewed from three different perspectives.The most popular view is based on the belief that

One of the biggest advances in corporate social performance is that the performance criteria for measuring financial performance and social responsibility have been agreed upon.

Benefits to companies of good corporate citizenship include all of the following except

The most efficient use of corporate wealth to benefit the public is though contributions to charity and other worthy causes which is called ____.

Social screening is the mechanism by which socially conscious investors choose their investment advisors.

Corporate social performance emphasizes

____ is depicted as an action - oriented variant of CSR

The narrow view of corporate citizenship focuses solely on

Which of the following is not an argument commonly used in favor of corporate social responsibility?

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.