Chapter 16

Question 1

It is usually easy to assess the true motives behind businesses’ giving.

Answer 1

FALSE

Question 2

A company may create a positive impact in the community by giving time and talents of its managers.

Answer 2

TRUE

Question 3

Corporate philanthropy is used to achieve which of the following?

Answer 3

Each of these- business objectives, branding, corporate reputation

Question 4

Companies can benefit from volunteer programs that they sponsor in all of the ways shown below except

Answer 4

increasing productivity at work.
Includes:
-improving employee skills and training
-developing leadership skills
-encouraging teamwork

Question 5

Which of the following is not a reason commonly given for community involvement?

Answer 5

a way to help employees build their resumés

Question 6

Philanthropy, as it is used in the textbook, means

Answer 6

a desire to help mankind by acts of charity

Question 7

Benefits of employee volunteerism include all the following except

Answer 7

creates quantifiable social impact
Includes:
-promotes leadership and skill development
-improves morale
-encourages teamwork

Question 8

An approach by which corporate giving is designed in a way that best fits with the firm’s overall mission and goals is called

Answer 8

strategic philanthropy

Question 9

After the decision to close a plant, management can take all the following actions except

Answer 9

close cold turkey.
Includes:
-Provide transfer, relocation, and outplacement benefits.
- help the community attract a replacement industry.
- provide advance notice to the employees or community

Question 10

The Worker Adjustment and Retraining Notification Act (WARN) requires firms employing 100 or more workers to notify workers of a large layoff or shutdown at least ____ in advance.

Answer 10

sixty days