MGT 202 Quiz 1

Which of the following best describes the primary reason for the existence of corporations?

• To maximize shareholder value only

• To engage in philanthropy and charity

• To create value for stakeholders while ensuring long-term sustainability

• To comply with legal and regulatory requirements

What is the key characteristic of the Philippine Revised Corporation Code of 2019 regarding incorporators?

• A corporation must have at least five incorporators

• There is no minimum number of incorporators

• Incorporators must be residents of the Philippines

• A corporation's lifespan is limited to 50 years

According to Carroll's (1991) CSR model, which of the following is NOT considered a dimension of corporate social responsibility?

• Economic

• Legal

• Strategic

• Philanthropic

Which of the following is NOT a primary driver of corporate social responsibility (CSR)?

• Regulation

• Market behavior

• Profit maximization

• Social activism

Milton Friedman (1970) argued that the sole responsibility of corporations is to:

• Ensure ethical conduct within business operations

• Maximize profits for shareholders

• Create shared value among all stakeholders

• Promote sustainable development initiatives

Which of the following is the most significant barrier to effective CSR implementation?

• Employee engagement

• Availability of financial resources

• Collaboration with stakeholders

• Alignment with company strategy

In the context of stakeholder theory, which of the following best defines a stakeholder?

• Only individuals who own shares in the corporation

• Any individual or group affected by corporate activities

• Only government entities regulating the corporation

• Competitors within the same industry

Which of the following best explains the strategic importance of CSR?

• It is a separate function unrelated to the company's core business

• It primarily involves charitable donations to improve public image

• It integrates stakeholder needs into business strategy for long-term value creation

• It focuses on compliance with environmental laws only

Which element is NOT typically included in a strategic CSR framework?

• Core Values

• Stakeholder Analysis

• Compliance with labor laws only

• Employee Engagement

According to the Balanced Scorecard framework, CSR success is measured by:

• Financial performance alone

• Customer satisfaction, employee well-being, and environmental impact

• The volume of corporate donations

• The number of CSR projects initiated annually