Question 1

Although framed in a domestic versus overseas context,the heart of this debate boils down to the foundational thorny point that frustrates CSR advocates: In a capitalist society,the shareholders-otherwise known as capitalists-are the ones who matter at the end of the day.

Accepted Answer

A) True 
 B)False

Question 2

​All firms have a different combination of resources;therefore,from a resource-based perspective:

Accepted Answer

A)   ​Studies that over-sample firms ready for CSR will find a negative relationship with economic performance.
B)   ​Not every firm's economic performance is likely to benefit from CSR.
C)   ​A firm's striving toward a high level of CSR will be economically beneficial to the firm.
D)   ​Complementary assets will have no effect on the ability to fully utilize a firm's CSR potential.E) A) and D)
F) B) and D)

Question 3

​Managers who treat CSR as a nuisance,involving regulation,added costs,and liability are overestimating the potential business opportunities associated with CSR.

Accepted Answer

A) True 
 B)False

Question 4

​Global sustainability is the number one goal of a firm.

Accepted Answer

A) True 
 B)False  False

Question 5

Suppliers and customers are typically considered primary stakeholders.

Accepted Answer

A) True 
 B)False

Question 6

Using the five forces model,which will likely result in a higher level of CSR?

Accepted Answer

A)   A highly concentrated industry.
B)   Substitutes that are superior to existing products and costs are reasonable.
C)   Socially and environmentally conscious suppliers with standardized products that have multiple substitutes.
D)   No monitoring program for all supplier factories.E) A) and B)
F) A) and C)

Question 7

Because each firm is different (a basic assumption of the resource-based view),not every firm's economic performance is likely to benefit from CSR.

Accepted Answer

A) True 
 B)False

Question 8

Nearly all CSR advocates argue for a revival of socialism in the world.

Accepted Answer

A) True 
 B)False

Question 9

Your competitors have been praised for their CSR while some have compared your efforts to theirs unfavorably.However,you view their efforts as not just window dressing but as manipulation of public opinion.In one case,you noted that the company spent $50,000 on a community project to help the homeless and over $1 million advertising to the world what it had done.You are under pressure to follow their examples.What should you do?

Accepted Answer

This question is intended to be a though...

Question 10

​Because the operations of multinational enterprises can be bewilderingly complex,even before the goals of CSR are thrown in,firms looking for global sustainability must first:

Accepted Answer

A)   ​Identify primary and secondary stakeholders.
B)   ​Focus on the details rather than the big picture.
C)   ​Drill down to make CSR drivers simple.
D)   ​Prioritize its goals.E) A) and B)
F) A) and C)

Question 11

​Which of the following statements comes closest to expressing the idea of CSR?

Accepted Answer

A)   ​The business of business is business.
B)   ​The social responsibility of business is to increase its profits.
C)   ​The purpose of a firm is to serve as a vehicle for coordinating stakeholder interests.
D)   ​If social welfare rather than profit maximization is the focus of firms,they will become socialist organizations.E) B) and C)
F) A) and D) C

Question 12

Last week you attended a series of lectures at the local university in which the speakers were discussing the role of corporations (such as yours)overseas.The first lecturer discussed the role of MNEs over the years as instruments of national power for the country in which they were based and discussed instances in which the firms became involved in local politics.The speaker condemned such companies as imperialists for attempting to impose U.S.values on foreign nations.The last speaker in the series argued that MNEs have a responsibility to identify injustice and violation of human rights in the nations where they operate and to use either persuasion or economic pressure to bring about change.Whose advice will you follow?

Accepted Answer

This question is intended to be a though...

Question 13

In regard to managers and CSR,the following are true EXCEPT:

Accepted Answer

A)   All sides of the CSR debate agree that managers have a unique and central role.
B)   All sides of the CSR debate agree as to how managers should implement their role.​
C)   As a stakeholder group,managers are unique in terms of potential coordination.
D)   Managers are positioned at the center of all the stakeholder relationships.E) A) and B)
F) A) and C)

Question 14

​Which of the following is NOT considered a driving force in the CSR school?

Accepted Answer

A)   ​The gap between the haves and have-nots has widened.
B)   ​Waves of disasters and scandals have characterized the business world.
C)   ​What CSR critics describe as "greed" is often translated as "incentive" in the vocabulary of free market advocates.
D)   ​Managers are unique among stakeholders in that they are the only group positioned at the center of these relationships.E) C) and D)
F) A) and C)

Question 15

​CSR-related resources are mostly in the form of tangible technologies.

Accepted Answer

A) True 
 B)False

Question 16

​Governments and communities whose laws and regulations must be obeyed are considered primary stakeholders.

Accepted Answer

A) True 
 B)False

Question 17

Companies have had their CSR policies certified by NGOs that might otherwise be hostile.

Accepted Answer

A) True 
 B)False

Question 18

​Not all firms are in a position to engage in high levels of CSR.What questions do managers need to consider when making decisions about engaging in CSR?

Accepted Answer

​CSR-related resources can include tangible technologies and processes as well as intangible skills and attitudes.Basic questions would include the following: Do CSR-related resources and capabilities add value? Do my competitors possess or have access to rare CSR-related resources? Are resources not only valuable and rare,but also hard to imitate? Does the firm have organizational capabilities to do a good job to exploit the full potential of CSR? While there is consistent evidence that corporate social irresponsibility destroys shareholder value,the puzzle is why there is no conclusive evidence on a direct,positive link between CSR and economic performance such as profits and shareholder returns.Can my firm make and exploit that link?

Question 19

The more concentrated an industry is,the more likely that competitors will recognize their mutual interdependence based on old ways of doing business that are not up to the higher CSR standards.

Accepted Answer

A) True 
 B)False

Question 20

​If socially and environmentally conscious Firm A provides a unique differentiated products with few or no substitutes:

Accepted Answer

A)   ​It may be able to extract substantial concessions from its managers.
B)   Its bargaining power is likely to be substantial.​
C)   ​Its bargaining power will not change.
D)   ​It lowers barriers to entry for other firms.E) A) and B)
F) A) and D)

Exam 12: Strategizing With Corporate Social Responsibility

Although framed in a domestic versus overseas context,the heart of this debate boils down to the foundational thorny point that frustrates CSR advocates: In a capitalist society,the shareholders-otherwise known as capitalists-are the ones who matter at the end of the day.

Correct Answer
verified

All firms have a different combination of resources;therefore,from a resource-based perspective:

Correct Answer
verified

Managers who treat CSR as a nuisance,involving regulation,added costs,and liability are overestimating the potential business opportunities associated with CSR.

Correct Answer
verified

Global sustainability is the number one goal of a firm.

Correct Answer
verified
False

Suppliers and customers are typically considered primary stakeholders.

Correct Answer
verified

Using the five forces model,which will likely result in a higher level of CSR?

Correct Answer
verified

Because each firm is different (a basic assumption of the resource-based view),not every firm's economic performance is likely to benefit from CSR.

Correct Answer
verified

Nearly all CSR advocates argue for a revival of socialism in the world.

Correct Answer
verified

Correct Answer
verified
This question is intended to be a though...
View Answer

Because the operations of multinational enterprises can be bewilderingly complex,even before the goals of CSR are thrown in,firms looking for global sustainability must first:

Correct Answer
verified

Which of the following statements comes closest to expressing the idea of CSR?

Correct Answer
verified
C

Correct Answer
verified
This question is intended to be a though...
View Answer

In regard to managers and CSR,the following are true EXCEPT:

Correct Answer
verified

Which of the following is NOT considered a driving force in the CSR school?

Correct Answer
verified

CSR-related resources are mostly in the form of tangible technologies.

Correct Answer
verified

Governments and communities whose laws and regulations must be obeyed are considered primary stakeholders.

Correct Answer
verified

Companies have had their CSR policies certified by NGOs that might otherwise be hostile.

Correct Answer
verified

Not all firms are in a position to engage in high levels of CSR.What questions do managers need to consider when making decisions about engaging in CSR?

The more concentrated an industry is,the more likely that competitors will recognize their mutual interdependence based on old ways of doing business that are not up to the higher CSR standards.

Correct Answer
verified

If socially and environmentally conscious Firm A provides a unique differentiated products with few or no substitutes:

Correct Answer
verified

Exam 12: Strategizing With Corporate Social Responsibility

Although framed in a domestic versus overseas context,the heart of this debate boils down to the foundational thorny point that frustrates CSR advocates: In a capitalist society,the shareholders-otherwise known as capitalists-are the ones who matter at the end of the day.

Correct AnswerverifiedShow Answer

​All firms have a different combination of resources;therefore,from a resource-based perspective:

Correct AnswerverifiedShow Answer

​Managers who treat CSR as a nuisance,involving regulation,added costs,and liability are overestimating the potential business opportunities associated with CSR.

Correct AnswerverifiedShow Answer

​Global sustainability is the number one goal of a firm.

Correct AnswerverifiedFalse

Suppliers and customers are typically considered primary stakeholders.

Correct AnswerverifiedShow Answer

Using the five forces model,which will likely result in a higher level of CSR?

Correct AnswerverifiedShow Answer

Because each firm is different (a basic assumption of the resource-based view),not every firm's economic performance is likely to benefit from CSR.

Correct AnswerverifiedShow Answer

Nearly all CSR advocates argue for a revival of socialism in the world.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedThis question is intended to be a though...View AnswerShow Answer

​Because the operations of multinational enterprises can be bewilderingly complex,even before the goals of CSR are thrown in,firms looking for global sustainability must first:

Correct AnswerverifiedShow Answer

​Which of the following statements comes closest to expressing the idea of CSR?

Correct AnswerverifiedC

Correct AnswerverifiedThis question is intended to be a though...View AnswerShow Answer

In regard to managers and CSR,the following are true EXCEPT:

Correct AnswerverifiedShow Answer

​Which of the following is NOT considered a driving force in the CSR school?

Correct AnswerverifiedShow Answer

​CSR-related resources are mostly in the form of tangible technologies.

Correct AnswerverifiedShow Answer

​Governments and communities whose laws and regulations must be obeyed are considered primary stakeholders.

Correct AnswerverifiedShow Answer

Companies have had their CSR policies certified by NGOs that might otherwise be hostile.

Correct AnswerverifiedShow Answer

​Not all firms are in a position to engage in high levels of CSR.What questions do managers need to consider when making decisions about engaging in CSR?

The more concentrated an industry is,the more likely that competitors will recognize their mutual interdependence based on old ways of doing business that are not up to the higher CSR standards.

Correct AnswerverifiedShow Answer

​If socially and environmentally conscious Firm A provides a unique differentiated products with few or no substitutes:

Correct AnswerverifiedShow Answer

Correct Answer
verified

All firms have a different combination of resources;therefore,from a resource-based perspective:

Correct Answer
verified

Managers who treat CSR as a nuisance,involving regulation,added costs,and liability are overestimating the potential business opportunities associated with CSR.

Correct Answer
verified

Global sustainability is the number one goal of a firm.

Correct Answer
verified
False

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
This question is intended to be a though...
View Answer

Because the operations of multinational enterprises can be bewilderingly complex,even before the goals of CSR are thrown in,firms looking for global sustainability must first:

Correct Answer
verified

Which of the following statements comes closest to expressing the idea of CSR?

Correct Answer
verified
C

Correct Answer
verified
This question is intended to be a though...
View Answer

Correct Answer
verified

Which of the following is NOT considered a driving force in the CSR school?

Correct Answer
verified

CSR-related resources are mostly in the form of tangible technologies.

Correct Answer
verified

Governments and communities whose laws and regulations must be obeyed are considered primary stakeholders.

Correct Answer
verified

Correct Answer
verified

Not all firms are in a position to engage in high levels of CSR.What questions do managers need to consider when making decisions about engaging in CSR?

Correct Answer
verified

If socially and environmentally conscious Firm A provides a unique differentiated products with few or no substitutes:

Correct Answer
verified