Exam 5: Corporate Social Responsibility

Which of the following is true about the economic model of CSR?

The _____ version of CSR 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.

According to David Vogel, which of the following should a firm be most cautious about when engaging in CSR activities?

The tension that prevails when an organization tries to meet both social and economic responsibilities is generally overcome by:

The form of business that limits the liability of individuals for the risks involved in business activities is known as ____.

Which of the following models of corporate social responsibility holds pursuit of profit as the sole duty of a business?

How does philosopher Norman Bowie defend the version of CSR that would fall within the social web model?

According to the narrow view of economic model of CSR, only philanthropy done for reputational reasons and financial ends is ethically responsible. What is the justification for this statement?

Discuss the arguments between the economic model and stakeholder theory.

The most influential version of CSR that would fall within the _____ model is stakeholder theory.

Which of the following is a similarity between utilitarianism and stakeholder theory?

What is stakeholder theory?

The practice of attending to the "_____" of a firm is referred to as reputation management.

Milton Friedman claims that a corporate executive has a "responsibility to conduct business in accordance with his or her employer's desires, which generally will be to make as much money as possible while conforming to the basic rules of society, both those embodied in law and those embodied in ethical custom." This view of corporate social responsibility has its roots in the _____ tradition.

Legislators created a form of business called corporations to encourage people to engage in business activities.

The philanthropic model in which business support for a social cause is done because it is the right thing to do differs from the reputational version only in terms of the:

"Just as individuals have no ethical obligation to contribute to charity or to do volunteer work in their community, business has no ethical obligations to serve wider social goods. But, just as charity is a good thing and something that we all want to encourage, business should be encouraged to contribute to society in ways that go beyond the narrow obligations of law and economics." Identify the model of CSR that reflects this line of thought.

Philosopher Norman Bowie identifies his approach as a "Kantian" theory of business ethics.

According to the _____ model of CSR, the social responsibility of business managers is simply to pursue profit within the law.

Which of the following theories recognizes the fact that every business decision affects a wide variety of people-benefiting some and imposing costs on others?