Exam 5: Corporate Social Responsibility

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Socially responsible activities are never done for building the reputation of a firm within the philanthropy model.

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Stakeholder theory directly contradicts the social web model.

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According to the economic model of CSR, _____ is a direct measure of how well a business firm is meeting society's expectations.

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Which of the following is the challenge associated with ethical pay offs?

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"Enlightened self-interest" presumes that good ethics is also good business.

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When a firm engages in socially responsible activities with a prime focus on reputation:

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The for-profit organizations that prioritize social entrepreneurship and sustainability as a central part of their strategic mission are pursuing the _____ model of CSR.

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Which of the following is the most demanding social responsibility?

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What are some of the precautions that a firm must take when investing in CSR?

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The _____ model holds that the firm should be managed for the sole benefit of stockholders.

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Explain the concept of reputation management and discuss the controversies associated with publicizing corporate good deeds.

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Discuss the philanthropic model of CSR.

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How does the social web model view businesses?

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A narrow view of corporate social responsibility is expressed by the:

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Philosophers distinguish between three different types of responsibilities, on a scale from more to less demanding or binding. Explain these responsibilities.

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Reputation management refers to the practice of caring for the "image" of a firm.

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"The social responsibility of business managers is simply to pursue profit within the law." How does the economic model of CSR justify this statement?

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The _____ model of CSR holds that, like individuals, business is free to contribute to social causes as a matter of philanthropy, and business has no strict obligation to contribute to social causes; but it can be a good thing when they do so.

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The philanthropic model holds that business has no strict obligation to contribute to social causes.

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Enlightened self-interest, an important justification offered for corporate social responsibility, presumes that:

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