#1
Which of the following is not a key characteristic of Corporate Social Responsibility (CSR)?
Focus on maximizing shareholder profits
ExplanationCSR emphasizes social and environmental responsibility, not just profit.
#2
What is the purpose of a Code of Ethics in business?
To outline acceptable behaviors and practices
ExplanationA Code of Ethics guides employees on ethical conduct.
#3
What is the role of a Corporate Social Responsibility (CSR) report?
To communicate the company's CSR initiatives and their impact
ExplanationCSR reports disclose efforts and outcomes to stakeholders.
#4
Which of the following is a key principle of Business Ethics?
Respect for individuals
ExplanationTreating individuals with dignity and fairness is essential in ethics.
#5
What is the primary goal of Corporate Social Responsibility (CSR)?
Contributing to sustainable development
ExplanationCSR aims to support sustainable economic, social, and environmental development.
#6
Which of the following is an example of a company practicing Corporate Social Responsibility (CSR)?
A company that donates a portion of its profits to charity
ExplanationCSR involves contributing to society, such as through philanthropy.
#7
What is the Triple Bottom Line approach in Corporate Social Responsibility (CSR)?
Focus on profit, people, and planet
ExplanationCSR considers economic, social, and environmental impacts equally.
#8
What is the relationship between Corporate Social Responsibility (CSR) and Business Ethics?
CSR is a subset of Business Ethics
ExplanationCSR is a part of broader ethical considerations in business.
#9
Which of the following is not a core principle of Business Ethics?
Profit maximization at any cost
ExplanationEthical business practices prioritize values beyond mere profit.
#10
Which of the following is a potential consequence of unethical behavior in business?
Legal penalties
ExplanationUnethical behavior can lead to legal consequences.
#11
Which of the following is a potential benefit of practicing Corporate Social Responsibility (CSR) for a company?
All of the above
ExplanationCSR can enhance reputation, mitigate risk, and attract customers.
#12
What is the role of a Chief Ethics Officer in a company?
To ensure compliance with laws and regulations
ExplanationChief Ethics Officers oversee ethical standards and compliance.
#13
What is the 'tragedy of the commons' in the context of Corporate Social Responsibility (CSR)?
The overuse or depletion of shared resources due to individual self-interest
ExplanationIndividuals exploiting resources can harm the collective good.
#14
Which of the following is an example of a company demonstrating ethical leadership?
A company that engages in fair labor practices and supports employee development
ExplanationEthical leaders prioritize fairness and employee well-being.