Question 1

Socially responsible businesses tend to have less secure long-run profits.

Accepted Answer

False

Question 2

A business must meet economic, legal and ethical obligations to fulfil its social obligation.

Accepted Answer

False

Question 3

The most outspoken advocate of the classical view of organisational social responsibility is Milton Friedman.

Accepted Answer

True

Question 4

The classical view of organisational social responsibility is that management's only social responsibility is to maximise profits.

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The answer of The classical view of organisational social responsibility...

Question 5

The socioeconomic view of the responsibility of management states that a manager should pursue profits at all times.

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Question 6

One argument against businesses championing social responsibility issues is that businesses already have too much power.

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The answer of One argument against businesses championing social responsibility...

Question 7

The socioeconomic view of corporate responsibility suggests that ________.

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Question 8

In the arguments for and against social responsibility, 'discouragement of further government regulation' is an argument for social responsibility.

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Question 9

Which of the following is associated with the classical view of social responsibility?

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Question 10

Though the outcomes are not perfectly measured, the majority of research studies show there is no negative relationship between corporate social involvement and economic performance.

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Question 11

According to the textbook, 'social responsibility' and 'social responsiveness' are the same thing.

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Question 12

The classical view of social responsibility is that management's only social responsibility is to ________.

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Question 13

Proponents of the socioeconomic view of social responsibility believe that business organisations are ________.

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Question 14

In the socioeconomic view of organisational social responsibility, managers are responsible for protecting and improving society's welfare in addition to making a profit.

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Question 15

'Social screening' is a process used by mutual share funds to identify ethical or 'green' companies.

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Question 16

What Would You Do?
Imagine that you are the head of a company that manufactures secondary wood products for the construction industry.Recently, there have been many reports of a plywood subflooring product that has been failing in a number of commercial locations resulting in several complaints about ruined floor coverings and, in one instance, partial collapse of a third floor, which injured three people.Your head of research and development has asked you to stop selling the product and wants to run tests on the product to determine the problem.However, third-quarter earnings reports are due out in two weeks and public knowledge of problems with a lucrative product may delay the financing of the company's expansion plans and also lower stock price.Your dilemma: Do you delay or refuse the product research, thereby enhancing the expansion plans but risking other damage and public safety, or do you immediately stop sales of the product and run the necessary tests, thereby risking the expansion plans?
-Refer to What Would You Do? (Scenario).If you (as head of the company)made your decision based on what was best for the shareholders, you would be operating with the ________ view of social responsibility.

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Imagine that you are...

Question 17

Research has found that corporations' social responsibility is unrelated to future financial performance.

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Question 18

To maintain competitive advantage, large global corporations may look to lower their costs and be more competitive by outsourcing to countries where human rights are ________.

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Question 19

In the classical view of social responsibility, managers are responsible to any group affected by the organisation's decisions and actions.

Accepted Answer

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Question 20

According to Milton Friedman, which of the following is NOT a potential result of spending an organisation's resources on 'social good'?

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Quiz 5: Social Responsibility and Managerial Ethics