Ethics and CSR

Responsibility is being accountable for your...

• actions.
• behavior.
• decisions.
• All of the above.

Identify the unethical behavior

• Following code of ethics

• Bribery and Corruption

• Integrity

• Accountability

The perspective that each culture must be understood in terms of the values and ideas of that culture, and should not be judged by the standards of another...

• Ethical Imperialism

• Cultural Relativism

• Ethnocentrism

• Cultural Composition

Stakeholders are the individuals or groups who:

• Are the shareholders in key competitors

• Determine the strategy of the organization

• Dominate the operational issues in the organization

• Have an interest or concern in the activities of an organization

A concept that corporations have an obligation to consider the interests of customers, employees, shareholders, communities, and ecological considerations in all aspects of their operations.

• Corporate governance

• Corporate Social Responsibility

• Corporate culture

• Social Responsibility

They do not typically engage in transactions with the company and therefore are not essential for its survival. They include community, media, trade associations, and special interest groups.

• Primary stakeholders

• Secondary stakeholders

• Management

• Shareholders

A firm that is selling a product at or below cost on foreign markets in order to drive foreign producers out of business is engaging in

• international price discrimination.

• price skimming.

• predatory dumping.

• offshoring.

Which of the following does the term Corporate Social Responsibility relate to?

• Environmental practice.

• Ethical conduct.

• Human rights and employee relations.

• All of the above.

Which of the following statements about CSR is untrue?

• It has a strong impact on corporate reporting practices,investment strategies & public relations.

• It is about striking balance between economic performance , meeting stakeholders expectations & responsibility towards society.

• It is about recognizing that no organization is an island & must operate in partnership with the outside world.

• Its main concern is about maintaining a competitive edge in global market

The arguments for CSR involve

• Recognition of moral obligations by business.

• Need to balance power with responsibility.

• Voluntary actions would prevent government regulations.

• All of the above