Test Bank Complete_ Business and Society:
Stakeholders, Ethics Public Policy 17th Edition, (2022)
By Anne T. Lawrence & James Weber All Chapters 1-
19| Complete Solutions
Corporate social responsibility adds value because it allows companies to reflect the
needs and concerns of their various stakeholder groups. This statement reflects the
________ argument for CSR.
ethical
moral
rational
economic - ANSWEReconomic
The rational argument for corporate social responsibility is summarized by the Iron
Law of Social Responsibility, which states that:
ultimately it is government, not business, that is responsible for a satisfying society.
responsibility for a just society is everyone's responsibility.
in a free society, discretionary abuse of societal responsibilities leads, eventually, to
mandated reprisals.
concern for CSR must be the first priority of the courts - ANSWERin a free society,
discretionary abuse of societal responsibilities leads, eventually, to mandated
reprisals.
According to Archie Carroll's pyramid of corporate social responsibility, a firm's
________ is to do no harm to its stakeholders within its operating environment.
economic responsibility
legal responsibility
ethical responsibility
discretionary responsibility - ANSWERethical responsibility
Which of the following exists to define the rules and structures of society within
which all organizations must operate?
,For-profits
Governments
Religion
Nonprofits - ANSWERgovernments
Which of these is NOT a for-profit business?
Facebook
Nike
Red Cross
Uber - ANSWERRed Cross
In the 1790s, consumer boycotts occurred in reactions to which of the following?
Cheap cotton from the United States
The high price of fuel (lamp) oil
The use of the Royal Navy in England to transport slaves
Slave-harvested sugar - ANSWERSlave-harvested sugar
One definition of corporate social responsibility is "a responsibility among firms to
meet the needs of their stakeholders and a responsibility among stakeholders to
hold firms to account for their actions."
T/F - ANSWERTrue
Which of the following is an example of an economic argument for corporate social
responsibility?
A company invests in clean energy for its vehicles because it saves money on
transportation.
A company installs skylights in its stores to lower lighting costs.
, A company provides gym memberships to its employees to lower healthcare costs.
All of the above are examples of economic arguments for CSR. - ANSWERAll of the
above are examples of economic arguments for CSR.
Strategic CSR expounds the ________ argument in favor of corporate social
responsibility.
Financial
Economic
Political
Social - ANSWEReconomic
"In a democratic society, power is taken away from those who abuse it" is a
workable definition of:
Carroll's CSR rule
The Iron Law of Social Responsibility
The Alien Tort Claims Act
An accommodative view of CSR - ANSWERThe iron Law of social responsibility.
What is the CNN test? - ANSWERHow would this be viewed by watchers of CNN
when broadcast around the world?
According to the text, corporate social responsibility issues tend to gain a foothold in
societies that are more ________.
impoverished
affluent
unstable
democratized - ANSWERAffluent
What are the three phases of stakeholder access to information?
Industrialization, international trade, globalization
Industrialization, domestic production, international trade
Stakeholders, Ethics Public Policy 17th Edition, (2022)
By Anne T. Lawrence & James Weber All Chapters 1-
19| Complete Solutions
Corporate social responsibility adds value because it allows companies to reflect the
needs and concerns of their various stakeholder groups. This statement reflects the
________ argument for CSR.
ethical
moral
rational
economic - ANSWEReconomic
The rational argument for corporate social responsibility is summarized by the Iron
Law of Social Responsibility, which states that:
ultimately it is government, not business, that is responsible for a satisfying society.
responsibility for a just society is everyone's responsibility.
in a free society, discretionary abuse of societal responsibilities leads, eventually, to
mandated reprisals.
concern for CSR must be the first priority of the courts - ANSWERin a free society,
discretionary abuse of societal responsibilities leads, eventually, to mandated
reprisals.
According to Archie Carroll's pyramid of corporate social responsibility, a firm's
________ is to do no harm to its stakeholders within its operating environment.
economic responsibility
legal responsibility
ethical responsibility
discretionary responsibility - ANSWERethical responsibility
Which of the following exists to define the rules and structures of society within
which all organizations must operate?
,For-profits
Governments
Religion
Nonprofits - ANSWERgovernments
Which of these is NOT a for-profit business?
Nike
Red Cross
Uber - ANSWERRed Cross
In the 1790s, consumer boycotts occurred in reactions to which of the following?
Cheap cotton from the United States
The high price of fuel (lamp) oil
The use of the Royal Navy in England to transport slaves
Slave-harvested sugar - ANSWERSlave-harvested sugar
One definition of corporate social responsibility is "a responsibility among firms to
meet the needs of their stakeholders and a responsibility among stakeholders to
hold firms to account for their actions."
T/F - ANSWERTrue
Which of the following is an example of an economic argument for corporate social
responsibility?
A company invests in clean energy for its vehicles because it saves money on
transportation.
A company installs skylights in its stores to lower lighting costs.
, A company provides gym memberships to its employees to lower healthcare costs.
All of the above are examples of economic arguments for CSR. - ANSWERAll of the
above are examples of economic arguments for CSR.
Strategic CSR expounds the ________ argument in favor of corporate social
responsibility.
Financial
Economic
Political
Social - ANSWEReconomic
"In a democratic society, power is taken away from those who abuse it" is a
workable definition of:
Carroll's CSR rule
The Iron Law of Social Responsibility
The Alien Tort Claims Act
An accommodative view of CSR - ANSWERThe iron Law of social responsibility.
What is the CNN test? - ANSWERHow would this be viewed by watchers of CNN
when broadcast around the world?
According to the text, corporate social responsibility issues tend to gain a foothold in
societies that are more ________.
impoverished
affluent
unstable
democratized - ANSWERAffluent
What are the three phases of stakeholder access to information?
Industrialization, international trade, globalization
Industrialization, domestic production, international trade
