Corporate Social Responsibility

Stakeholders include...

• employees

• customers

• lobby groups

• government

Which of the following in/are (an) argument(s) in favour of CSR?

• Businesses that assist the community in which they operate through CSR programmes receive greater support from the community.

• Business must act on social issues in their communities or else customers will move away from the area. E.G. Increased poverty may lead to increased crime which will drive people away.

• CSR detracts from the business's core activities.

• Businesses that operate in sustainable ways are usually also innovate enough to identify additional avenues of income.

Which of the following is considered to be the first step in the recipe for designing a successful CSR programme?

• Management should create a CSR policy for the business.

• Employees throughout the business should brainstorm to come up with initiatives for CSR.

• An inventory of skills and resources needed to implement the programme should be drawn up.

• Management must communicate the need for CSR across the business.

True of False.

The principle of TRANSPARENCY requires that all relevant information about CSR initiatives has to be communicated to stakeholders - even if it is negative.

• True

• False

The three areas of social responsibility of a business are:

• Political, Economic, Environmental

• Environmental, Social, Technological

• Economic, Social, Environmental

• Economic, Environmental, Ethical

Sustainable business practice means:

• Assessing how present business practice affects the future

• Involving employees in decision making

• Considering the benefits of stakeholder over shareholder practices

• Developing BBBEE policies

Corporate Social Responsibility is

• managing a business in such a way that the broader community including owners, and the environment are taken into account when making business decisions.

• managing a business in such a way that the broader community including the employees, competitors, customers and suppliers are taken into account when making business decisions

• managing a business in such a way that the broader community including the owners and employees are taken into consideration when making business decisions

• managing a business in such a way that the broader community, including employees, customers, suppliers and the environment, is taken into consideration when making business decisions

TBL stands for

• triple back line

• triple base line

• triple bottom line

• triple bottom length

CSR stands for

• corporate socialite responsibility

• corporate social responsible

• co-operative social responsibility

• corporate social responsibility

Which section is not included in TBL?

• Physical

• Economic

• Social

• Environmental