Question : Multiple Choice 16. Corporate power refers to: A. The capability of : 1800946

Multiple Choice

16. Corporate power refers to:

A. The capability of competitors to influence legislation, trade, and the stock market, based on their organizational resources.

B. The capability of politicians to influence corporations, employees, and unions, based on their organizational resources.

C. The capability of corporations to influence government, the economy, and society, based on their organizational resources.

D. The capability of CEOs to influence product development, employee morale, and currency indices, based on their organizational resources.

17.  The iron law of responsibility says that:

A. In the long run, those who do not use power responsibly will lose it.

B. In the short run, sacrifice social goals for economic goals.

C. Law is most important, more than social or economic responsibility.

D. In the long run, economic responsibility leads to social responsibility.

18.  Corporations have a role in establishing their community’s:

A. Tax base.

B. Safety.

C. Economic growth.

D. All of the above.

19.  Which of the following statements is true about corporate social responsibility?

A. Businesses should monitor and prevent social problems in advance of their becoming major issues.

B. A company should seek maximum profits from its operations in order to provide the best for society.

C. Corporations should be accountable for any actions that affect people, their communities, and the environment.

D. Both A and C, but not B.

20.  Corporate social responsibility (CSR) means that a corporation should:

A. Always forgo profit for the sake of the environment.

B. Be held accountable for any of its actions that affect people, their communities, and their environment.

C. Abandon its other missions.

D. Put social responsibilities ahead of economic or legal responsibilities.

21. Which of the following companies is being the most socially responsible?

A. A company trying its best to operate in a way which will help local students get education and jobs.

B. A company halting its production of toxic gases after it discovered that people objected to this practice and threatened legal action.

C. A company trying to maximize its profits and then contributing to an environmental protection fund.

D. A company changing its product design to comply with regulatory mandates.

22. Modern corporations should be socially responsible because they:

A. Are responsible to the stockholders of the company.

B. Create jobs, influencing the lives of employees.

C. Are highly profitable.

D. Generate dividends for the company stockholders.

23. Business leaders, like automaker Henry Ford developed these programs to support the recreational and health needs of their employees

A. Corporate social responsibility programs.

B. Corporate citizenship programs.

C. Social networking programs.

D. Paternalistic programs.

24. Executive conscience, acts of charity, and philanthropic funding are examples of:

A. Corporate social stewardship.

B. Corporate social responsiveness.

C. Corporate/Business Ethics.

D. Corporate/Global Citizenship.

25. Philanthropic funding and public relations are two examples of corporate social responsibility:

A. Drivers of the Corporate Social Responsiveness phase.

B. Policy instruments of the Corporate Social Stewardship phase.

C. Policy instruments of the Corporate Social Responsiveness phase.

D. Drivers of the Charity Principle phase.