QUESTION What did a 2006 study estimate the potential annual impact of climate change on global GDP to be? A) 2 percent increase B) 1 percent decrease C) 5 percent decrease D) 8 percent decrease E) 12 percent decrease ANSWER Answer: C Explanation: C) Economist Nicholas Stern’s report said a 5 percent decrease in […]
Date: September 3rd, 2020
QUESTION Seth’s workgroup is collecting data from various internal departments on financial performance and social responsibility activities. Seth will use the data to determine what attribute of the company? A) ethical responsibility B) competitive advantage C) social entrepreneurship D) blended value E) sustainability policies ANSWER Answer: D Explanation: D) Blended value measures the outcome […]
Date: September 3rd, 2020
QUESTION How can bad behavior by a company impact the first priority in Carroll’s corporate social responsibility triangle? A) Shady accounting practices are unethical. B) Underpayment of wages is illegal. C) Employee fraud lowers profits. D) Spoiling the environment shows poor values. E) Ignoring the community is poor corporate citizenship. ANSWER Answer: C Explanation: […]
Date: September 3rd, 2020
QUESTION Assessing the outcome of an organization’s investments in both the economic and social realms determines what for an organization? A) social diversity B) blended value C) sustainability D) philanthropy E) profitability ANSWER Answer: B Explanation: B) Blended value offers a method to judge a business by criteria other than profits.
Date: September 3rd, 2020
QUESTION What does employee fraud cost companies out of their earnings? A) 1 percent B) 3 percent C) 5 percent D) 8 percent E) 10 percent ANSWER Answer: C Explanation: C) Employee fraud costs companies 5 cents of every dollar in revenue, clearly impacting profits.
Date: September 3rd, 2020
QUESTION What term describes a company’s focus on earning profits, doing social good, and fostering environmental consciousness? A) blended value B) ethical dilemmas C) triple bottom line D) social entrepreneurship E) social responsibility pyramid ANSWER Answer: C Explanation: C) This provides three criteria to measure a company’s overall performance.
Date: September 3rd, 2020
QUESTION Which of the following is LEAST likely to give a business a competitive advantage? A) lowering product prices B) increasing product quality C) appealing ethics regulations D) promoting its energy conservation efforts E) supporting community charities ANSWER Answer: C Explanation: C) A majority of people surveyed would switch to another brand if price […]
Date: September 3rd, 2020
QUESTION Luisa runs a fleet of taxis. The company is being pressured by interest groups that believe it does not respect the environment. Luisa has shared anecdotal stories with group reps about the company’s pro-environmental activities, but they aren’t buying it. How might she best convince them that the company is already environmentally responsible? A) […]
Date: September 3rd, 2020
QUESTION Kiva operates a website that enables visitors to provide money to small business owners in developing countries. These microloans are used for buying equipment, enhancing facilities, and promoting other business development. Kiva retains a percentage of donations as revenue. The company is an example of which of the following? A) cause-related marketing B) social […]
Date: September 3rd, 2020
QUESTION The Book Nook is a store run by a nonprofit organization. It accepts donations of used books to sell. Disadvantaged teens run the store and learn firsthand about operating a business. Revenue from the store supports the organization’s operations. What is this is an example of? A) social entrepreneurship B) sustainability C) corporate social […]
Date: September 3rd, 2020
