Fun Quiz Globalization

Globalization refers to

• Global Movement

• Visa-Free movement

• Free movement of Goods and Services

• Sustainability

Why CSR?

• Engaging Firms to Society

• We are at their Mercy

• Firms have a responsibility to society

• CSR is an optional activity

Features of globalization...

• Market mediation

• Capital movement

• Price competition

• All Correct

Globalised CSR

• Cultural differences ignored

• Cultural differences not ignored

• Cultural differences ignored but moderately

• None are correct

CSR does not exist

• Conflicting claims of stakeholders

• Globally

• Local stakeholders

• Local social problem solving

The Free Market

• Maximizes economic wealth

• Maximize Profit for the firms

• You can get the product for free

• Buy one Get one

CSR and Free Market Economics

• Explained well by Milton

  Friedman

• Adam Smith

• Munshi Afzal

• Donald Trump

The role of government in Globalization

• Dictatorship

• Democratic

• Authoritative

• Regulatory

Benefits of CSR

• Increased turnover

• Reduced future liabilities

• Easier recruitment

• All correct

Promoting CSR means

• Regulation

• Ethics education

• The role of citizenship

• All correct