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Question
Referring to the Corporate Social Responsibility (CSR) pyramid, how do legal responsibilities differ from ethical responsibilities? Provide specific examples to support your distinction.Answer
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Related questions
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The ______ reason, why corporations should care about social responsibility, is based upon the recognition that business must use its power responsibly in society or risk losing it. Corporations exist as legal entities with certain advantages (such as limited liability) because society allows them to do so, and these corporate rights and advantages can be removed from firms that are perceived to be irresponsible.
a) pragmatic
b) economic
c) ethical
d) strategic
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A firm's financial responsibility is primary and the bedrock of corporate social responsibility because without financial viability, the other responsibilities become moot issues.
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According to Harvard Professor Michael Porter, the strategic reason for having CSR play a prominent role in a firm is that in evaluating the firm's CSR, executives should begin by scrutinizing the social impacts of the company's value chain.
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There are major differences in levels of moral reasoning between men and women.
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Reference: Matching Key Stakeholders and Regulatory Agencies
a) Guard rights of shareholders
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c) Guard rights of employees
d) Guard rights of the community
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The Social Investment Forum reported that socially responsible investing grew from $40 billion in 1984 to nearly $4 trillion in 2012.
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Some analysts argue that the more stringent regulatory environment resulting in the post Sarbanes-Oxley period increases shareholder confidence in financial reporting.
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The pragmatic approach is more proactive and affirmative than the strategic approach because it asks companies to identify and acknowledge company activities that can do harm and encourages firms to scrutinize their practices and address potential harms by focusing on their own value-chain activities.
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Unfortunately, people do not want to believe that the world operates on the principles of fairness.
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To make it easy to terminate a subordinate, ensure that you are being fair, that you deliver the news in a way that is aligned with your organization's values, and allow the employee to maintain his personal dignity.
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Unfortunately, given diverse activities that managers are responsible for, they play a limited role in increasing employee engagement and building an ethical culture.
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Which of the following is true?
a) Cognitive biases are the result of trying to reduce uncertainty and simplify the world.
b) Cognitive biases are an individual difference and do not affect all human beings in the same way.
c) Business executives and students are generally reserved about their knowledge of the facts.
d) People are generally good at thinking of the consequences of their decisions outside of their immediate family and friends.
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Most adults are at the ____________ level of cognitive moral development and their action is ____________.
a) Conventional; based on avoidance of punishment.
b) Conventional; based on what others think, say, and do.
c) Postconventional; based on the best outcome for society.
d) Postconventional; based on their religion or guiding principles.
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Kohlberg argued that the higher the reasoning stage, the more ethical the decision.
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One of the most common faults in ethical decision making is to ignore the long-term consequences of a decision.
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Q:
Corporate social responsibility (CSR) consists of which four kinds of responsibilities:
a) Economic, ethical, societal, and altruistic
b) Economic, legal, ethical, and altruistic
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Continuous performance evaluation is categorized under which of the four drivers of employee engagement?
a) Line of sight
b) Involvement
c) Information sharing
d) Rewards and recognition
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This driver of engagement, __________, refers to the fact that employees should understand the company's strategic direction and how their individual efforts play a role in the company's revenue-generating enterprise.
a) line of sight
b) involvement
c) information sharing
d) rewards and recognition
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Reference: Types of Employee Engagement
a) Actively engaged
b) Not engaged
c) Actively disengaged
Lucy is passionate and enthusiastic about her work. She is eager to go the extra mile.
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Unfortunately, given diverse activities that managers are responsible for, they play a limited role in increasing employee engagement and building an ethical culture.