Business: Regulation and B. Difficulty

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Chapter 07 Global Corporate Citizenship Answer Key
 

 

True / False Questions
 

1. (p. 145) The basis for corporate citizenship does not rely on the generosity of a firm's senior management or their awareness of their role as trustees of the public's interests.  TRUE

 

2. (p. 147) Global corporate citizenship refers to putting an organization's commitment to social and environmental responsibility into practice locally.  FALSE

 

3. (p. 147) Corporate citizenship involves transforming a concern for financial performance into a vision of corporate financial and social performance.  TRUE

 

4. (p. 147) Robert Civita, chairman and CEO of the Brazilian Abril Group, has defined global corporate citizenship as "socialism with a conscience."  FALSE

 

5. (p. 147) A decade into the 21st century, corporate citizenship has become complicated and mandatory.  TRUE

 

6. (p. 150) A tangible asset is something that cannot be seen or counted, but nonetheless has value.  FALSE

 

7. (p. 150) An intangible asset is something that can be seen and counted, such as buildings or money.  FALSE

 

8. (p. 150) Companies whose citizenship profile best matches public expectations are least likely to benefit from strategic investments in corporate citizenship.  FALSE

 

9. (p. 151) There is no single universally accepted method for designing a CSR management structure.  TRUE

 

10. (p. 153) In the first stage of corporate citizenship, the elementary stage, managers are uninterested and uninvolved with social issues.  TRUE

 

11. (p. 153 - 154) If a company acknowledges the need to build more coherent initiatives, it is in the innovative stage of becoming a corporate citizen.  FALSE

 

12. (p. 155) Corporate citizenship partnerships can exist between companies and stakeholders in other countries.  TRUE

 

13. (p. 156) Social performance audits look at what an organization does, not at the results of the actions.  FALSE

 

14. (p. 161) When looking at social reporting by country, Japan and the United Kingdom top the list of percentage of firms reporting.  TRUE

 

15. (p. 163) Triple bottom line reporting requires that a firm report financial data.  TRUE

 
 

Multiple Choice Questions
 

16. (p. 146) Novo Nordisk's "take action" project was a program designed to:  A. Grant credit to underprivileged people in Mexico.
B. Spread the benefits of technology.
C. Promote exercise and healthy eating in schools.
D. Promote environmental safety.

 

Difficulty: Medium
 

17. (p. 157) Developing products and services that meet the needs of the world's poorest citizens is sometimes called:  A. Selling to the bottom of the pyramid.
B. Selling to the top of the pyramid.
C. Selling to the poverty premium.
D. Business design opportunity.

 

Difficulty: Hard
 

18. (p. 147) The initiative into which GE has poured vast resources into developing energy-efficient and environmentally friendly products and services is called:  A. Poverty for Profits.
B. Ecomagination.
C. The upside down pyramid.
D. None of the above.

 

Difficulty: Easy
 

19. (p. 151) Global corporate citizenship is more than espoused values, it requires:  A. Action.
B. Inaction.
C. Expression.
D. Enhancement.

 

Difficulty: Easy
 

20. (p. 151) Some companies have created a department of corporate citizenship to:  A. Adopt the United Nations' Global Compact Principles.
B. Decentralize under common leadership wide-ranging corporate citizenship functions. C. Centralize under common leadership wide-ranging corporate citizenship functions. D. Narrow the job of the public relations office.

 

Difficulty: Medium
 

21. (p. 152) Asian Forum on Corporate Social Responsibility gives awards for excellence in:  A. Environmental management.
B. Education.
C. Poverty alleviation.
D. All of the above.

 

Difficulty: Medium
 

22. (p. 152) The Foundation that is...
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