chapter 2- CSR

Question 2

What does CSR stand for?

Answer 2

Corporate Social Responsibility

CSR focuses on the relationship between businesses and society, considering the impact of business on social well-being.

Question 3

What is the main focus of Beyondprofits?

Answer 3

Responsibility towards people and the environment, not just profit-making.

Question 4

How are stakeholder expectations regarding social responsibility characterized?

Answer 4

Continuously changing.

Question 5

What do businesses need to create for effective CSR implementation?

Answer 5

Actionable policies and procedures.

Question 6

What is required for good intentions in CSR?

Answer 6

Tangible initiatives; mere policies on paper are insufficient.

Question 7

What is the goal of Corporate Social Responsibility in a business context?

Answer 7

Ensure commercial sustainability while meeting societal expectations.

Question 8

Is the idea of businesses giving back to society a new concept?

Answer 8

No, it is not new; founders of Kellogg and Ford emphasized this responsibility.

Question 9

What is an ongoing debate in the context of CSR?

Answer 9

The extent of business responsibility and balancing social actions with profitability.

Question 10

What does the King Code emphasize regarding businesses?

Answer 10

Businesses should act as good corporate citizens and demonstrate care for society and the environment.

Question 11

Who do ethical businesses engage with to ensure sustainability?

Answer 11

Various stakeholders including employees, shareholders, customers, government, and lobby groups.

Question 12

What is the cynicism about CSR often related to?

Answer 12

The belief that businesses may only appear socially responsible for brand image and profit.

Question 13

Fill in the blank: CSR focuses on the relationship between businesses and _______.

Answer 13

society.

Question 14

True or False: The King Code suggests businesses should prioritize profit over societal care.

Answer 14

False.

Question 17

What is the main purpose of CSR?

Answer 17

Helps businesses understand and address stakeholder needs and mitigate negative impacts with proactive solutions.

Question 18

What are the two levels of CSR responsibility?

Answer 18

• Primary responsibility
• Secondary/Broader responsibility

Question 19

Define primary responsibility in CSR.

Answer 19

Obligation to care for stakeholders directly affected by the business’s success.

Question 20

Define secondary responsibility in CSR.

Answer 20

Obligation towards stakeholders indirectly affected by business activities.

Question 21

Who suggested an alternative approach to CSR measurement?

Answer 21

Pioneers Blowfield and Murray.

Question 22

What does the pyramid model in CSR assess?

Answer 22

The level of responsibility of a business.

Question 23

What is economic responsibility in CSR?

Answer 23

Businesses must be economically active by producing goods/services for profit.

Question 24

What is legal responsibility in CSR?

Answer 24

Businesses must respect and obey the laws of the country they operate in.

Question 25

What is ethical responsibility in CSR?

Answer 25

Businesses must make ethical decisions that avoid negatively impacting stakeholders.

Question 26

What is discretionary responsibility in CSR?

Answer 26

Involves actively giving back to society and ensuring values are practiced in all activities.

Question 27

What is one argument for CSR related to community support?

Answer 27

Businesses engaging in CSR programs gain greater support and brand loyalty from the community.

Question 28

What is a potential consequence of failing to address social issues?

Answer 28

Customers may avoid areas with rising crime due to poverty, impacting business sales.

Question 29

What is the debate on enforcement in CSR?

Answer 29

Discussion on whether the government should enforce CSR compliance through laws.

Question 30

How can CSR contribute to improved standard of living?

Answer 30

Assisting communities with education and health programs leads to higher living standards.

Question 31

What role does CSR play in environmental sustainability?

Answer 31

Contributes to sustainability and ensures resources for future generations.

Question 32

What do ethical business practices in CSR encourage?

Answer 32

Encourage businesses to consider stakeholder impact.

Question 33

What is one argument against CSR related to core activities?

Answer 33

Some businesses argue that CSR distracts from primary business functions.

Question 34

What is a concern regarding perceived loss of profit in CSR?

Answer 34

Businesses and shareholders view CSR expenditures as reduced profits.

Question 35

What is a challenge in measuring CSR benefits?

Answer 35

Difficulty in quantifying CSR benefits makes it hard to assess its value.

Question 36

What is community pressure in the context of CSR?

Answer 36

Businesses may feel pressured to continuously support communities.

Question 37

What is a criticism related to sustainability in CSR projects?

Answer 37

Some CSR projects lack sustainability and waste resources on short-term initiatives.

Question 38

What is greenwashing in the context of CSR?

Answer 38

Misleading claims about environmental practices.

Question 39

What is a concern regarding shifting state responsibility in CSR?

Answer 39

CSR allows the government to avoid its own responsibilities.

Question 40

What is the general consensus on the need for CSR in South Africa?

Answer 40

Widespread agreement on the necessity of CSR programs.

Question 41

What should CSR programs prioritize for a lasting positive impact?

Answer 41

Sustainability.

Question 42

What is the long-term goal of CSR initiatives?

Answer 42

To create long-term changes that improve people's lives.