MANAGEMENT 002 Chapter 3 Managers and Society (Corporate Social Responsibuility)
ID: 360861 • Letter: M
Question
MANAGEMENT 002 Chapter 3 Managers and Society (Corporate Social Responsibuility) 1) Social responsibility is the managerial obligation to take action that protects and improves both the welfare of society and the interests of the organization 2) The primary function of the Consumer Product Safety Commission is the regulation of safety and health conditions in nongovern 3) Any individual or group that is directly or indirectly affected by an organization's decisions is called a stakeholder. 4) Organizations that do not take the social obligation approach usually achieve higher levels of social responsiveness than organizations that take the social responsibility approach. 5) A social audit is conducted to measure the present social responsibility activities of an organization to assess its performance in this area. 6) All companies should take social responsibility measurements in the quality-of- life area and the economic function area. 7) The utilitarian standard advocates the view that people should act in a way they would expect others to act toward them. 8) Two practices that commonly inspire unethical behavior in organizations are to give unusually high rewards for good performance and unusually severe punishments for poor performance. 9) A whistle-blower is an employee who performs quality reviews within an organization and reports flaws in the processes. 10) The areas in which business can act to protect and improve the welfare of society are numerous and diverse. Which of the following is NOT an example of an area of social responsibility?Explanation / Answer
1-True, in corporate social responsibility corporate adopts sustainable dvelopment which can cater the need of both society and corporate.
2-False, primary responsibility of Consumer Product Safety Commission (CPSC) is to protect the public against unreasonable risks of injuries and deaths associated with consumer products
3-True stakeholder consist of all the person may it be customers, investors, shareholders, society etc.
4-False, it is actually vice-versa.
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