Exam 5: Corporate Social Responsibility

Which of the following is true regarding problems faced by cross-border corporate power?

According to conservative economists:

Corporations should try to internalize adverse costs of production borne by society.

The Tripartite Declaration came in response to the rising power of multinational corporations in the 1960s.

The practice of a corporation publishing information about its economic,social,and environmental performance is known as:

Describe any four principles of corporate social responsibility.

Who were corporate trustees?

The duty of a company to create wealth in ways that avoid harm to,protect,or enhance societal assets is called corporate social responsibility.

When a company indulges in charity,it is said to be undertaking a:

Corporate social responsibility has a definite,universal meaning.

A(n)_____ cost is a production cost not paid by a firm or its customers,but by members of society.

Strategic initiatives where the firm seeks to profit from solving a social problem are an example of:

Classical ideology focused solely on the _____ circle of social responsibility.

The standard used by the International Organization for Standardization to determine the quality of a product or service is the:

How is social responsibility viewed in the classical economic theory?

Milton Friedman believes that the sole objective of managers should be maximization of profit.

A/an _____ is a model of the methods an organization can use to achieve certain goals.

One of the advantages of sustainability reporting is that the reports are comparable from company to company.

Which of the following are responses to competitive forces in markets?

The fundamental idea behind _____ is that corporations have duties that go beyond lawful execution of their economic function.