Corporate Social Responsibility Quiz

What does CSR stand for?

• Corporate Sales Report

• Corporate Social Responsibility

• Company Staff Relations

• Corporate Strategy Review

What is the main idea of Corporate Social Responsibility (CSR)?

• To increase profit no matter what

• To reduce company expenses

• To act in a way that helps society and the environment

• To only follow the law

What does the "Iron Law of Responsibility" say?

• Businesses should never change

• Companies that act responsibly will always succeed

• Companies that misuse their power will lose it over time

• The law should not apply to big companies

What is Corporate Citizenship?

• Paying taxes on time

• Becoming a citizen of another country

• Actions companies take to show they care about society

• Opening new company branches

What is the goal of "enlightened self-interest" for a company?

• To close unprofitable stores

• To do good for society while also helping the company in the long run

• To ignore customer feedback

• To compete by lowering prices only

What does "social audit" mean?

• A financial report for banks

• A review of company staff only

• A check of the company's actions for social and environmental issues

• An exam employees take every year

Who is a social entrepreneur?

• Someone who only works for money

• A businessperson who focuses on making profit only

• A person who starts a business to solve social problems

• A worker who manages a factory

What is the purpose of "social reporting"?

• To keep company actions secret

• To advertise more products

• To openly share how a company is helping people and the planet

• To report taxes to the government

What are B Corporations known for?

• Only making big profits

• Meeting high social and environmental standards

• Creating jobs in banking

• Selling only luxury goods

What is one benefit of practicing CSR?

• Lower brand value

• Worse employee loyalty

• Better company reputation

• Less stakeholder trust