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Exam 4: Corporate Social Responsibility

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Question 61

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The _____ refers to the perspective that a corporation has an obligation to society over and above the expectations of its shareholders.

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social con...

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Question 62

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Hoffmann Enterprises (HE) , a manufacturer of industrial goods, primarily focuses on meeting the demands of the market with quality products. It also undertakes environmental protection endeavors that promote the use of renewable sources of energy. HE illustrates the _____ approach to corporate management.

A) free-enterprise
B) instrumental
C) shareholder
D) social contract

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Question 63

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One of the newest and increasingly questionable practices in the world of corporate social responsibility (CSR) is the notion of making operations "carbon neutral."

Layoffs reduce corporation costs and only affect the laid-off employees.

According to the modern social contract approach, by recognizing stakeholders rather than just their _____, corporations must maintain a long-term perspective than just delivering quarterly earnings numbers.

Transparency is a major trend behind the corporate social responsibility (CSR) phenomenon.