Question 1

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

Accepted Answer

A)   Consumers' image of the organization and their purchasing powers are influenced by it.
B)   Consumers are not considered as powerful stakeholders and the organization's poor relationship with them does not affect its credibility.
C)   Consumers today view the quality of products and services as a key issue more than social responsibility.
D)   Consumers are not concerned about the organization's corporate ethical behavior.E) All of the above
F) A) and B)

Question 2

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.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Explain briefly about the big new idea in marketing.

Accepted Answer

The new idea in business and marketing i...

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False  True

Question 11

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

Accepted Answer

A)   Members of society are external stakeholders, and are therefore not affected by corporate activities.
B)   Collaboration between members of civil society, the private sector, and the public sector can lead to intractable and complex global problems.
C)   Members of society have become powerful catalysts and can use modern communication technology to form protest alliances.
D)   Members of society do not have the power to force businesses to contribute to change.E) A) and B)
F) All of the above

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)   Customers
B)   Employees
C)   Stockholders
D)   VendorsE) B) and D)
F) A) and C)

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False  False

Question 16

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

Accepted Answer

A)   creating economic value in a way that also creates value for society
B)   creating economic value by means of maximizing profits
C)   creating economic value in a way that reduces prices
D)   creating economic value by increasing the quantity of productsE) A) and B)
F) C) and D)

Question 17

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

Accepted Answer

A)   the emphasis on pushing products
B)   the focus of a business to maximize profits
C)   the responsibility of a business to create value
D)   the provision for customer-perceived benefitsE) B) and D)
F) B) and C)

Question 18

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

Accepted Answer

A)   Employees are always aware of competitive alternatives and are therefore not subject to inequitable treatment.
B)   Employees are voluntary stakeholders and have limited bargaining power.
C)   Employees hold securities and lend financial resources to firms.
D)   Employees are responsible for shaping the overall mission or goal and the strategy and structure of the organization.E) B) and C)
F) A) and D)

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

A negative correlation always exists between sustainability and competitiveness.

Accepted Answer

A) True 
 B)False  False

Exam 15: Global Corporate Social Responsibility and Environmental Sustainability

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Explain briefly about the big new idea in marketing.

Correct AnswerverifiedThe new idea in business and marketing i...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedTrue

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedFalse

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A negative correlation always exists between sustainability and competitiveness.

Correct AnswerverifiedFalse

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False

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