Exam 15: Global Corporate Social Responsibility and Environmental Sustainability

As a move toward sustainability, organizations take advantage of a new law setting standards for environmental regulations and gain greater competitive advantage.

A negative correlation always exists between sustainability and competitiveness.

The top management of an organization has no influence on the extent to which the organization will adapt the concept of shared value.

The myopic view of values emphasizes that companies view value creation as something that happens in a bubble that includes only the company and its customers.

Stake refers to claim and interest, and the term stake holding defines the interdependent relationship between constituents.

Shareholders that provide corporations with financial resources are typically concerned with capital appreciation.

Which of the following best defines the concept of shared value?

According to the old value equation, value can be increased by increasing the price.

Companies have acted on the false assumption that sustainability will add costs and decrease their competitiveness.

Which of the following statements is true about the relationship between consumers and an organization's corporate social responsibilities?

A strong commitment toward corporate social responsibilities contributes to an organization's employee retention.

The main rationale of the neoclassical theory is to create economic value in order to provide a financial return to stockholders since they invest their capital in the firm.

The concept of outsourcing to low-wage countries is an effort to please shareholders.

According to the neoclassical theory, the sole purpose of a firm is to manage resources according to the societies' interests.

Which of the following statements is true of members of society as stakeholders of an organization?

Explain briefly about the big new idea in marketing.

The three dimensions of corporate social responsibility and environmental sustainability are social, economic, and scientific.

Which of the following statements is true of employees as stakeholders of an organization?

Which of the following is referred to as the big new idea in business and marketing?

________ lend financial resources to firms but don't own these corporations in a meaningful sense.