Prelim

Question 1

It is a legal entity created by an individual o group of shareholders who have ownership of it.
It is a legal entities and are sometimes defined as legal person’s that are allowed to perform functions that humans makes.

Answer 1

Corporation

Question 2

It is a manifestation of good corporate governance, a complementary concept

Answer 2

Corporate social Responsibility
(CSR)

Question 4

Who provided the 4 dimensions of CSR?

Answer 4

Archie Carroll

Question 5

The 4 Dimensions of Corporate social responsibility

Answer 5

1. Economic
2. Legal
3. Ethical
4. Philanthropical

Question 6

Lowest layer of the pyramid and the very foundation and required of all corporations that suggests that company must first be profitable after they have paid their obligations to employees, suppliers, and come conform to consumer’s needs and demands.

Answer 6

Economic

Question 7

A corporation is created through law and as such must abide by the rules and regulations imposed for fairness and justice. Required for companies to be legally compliant too

Answer 7

Legal

Question 8

Dong what is right for stakeholders is what this companies should aim for. Society expects companies to take this responsibility beyond what is required of them legally

Answer 8

Ethical

Question 9

Must be embrace by companies. This means issues that pertain to I can he improvement of human lives mist be addressed without comprise. This responsibility however is not required nor expected but rather desired by companies

Answer 9

Philanthropical

Question 10

An American economist and educator who officially introduced CSR in early 1950’s

Answer 10

Howard Bowen

Question 11

The economist who argued that corporation’s sole responsibility is to generate profit for shareholders

Answer 11

Milton Friedman

Question 12

Appeal of Corporations

Answer 12

Limited liability
Transferability
Centralized Management
Indefinite lifespan

Question 13

An artificial being created by operating of law, having the right succession and the power, attributes and properties expresu authorized by law or incident to its existence

Answer 13

Corporation definition under Section 2 of he Revised corporation code of the Philippines (Republic act no. 11232)

Question 14

Why do Business support CSR?

Answer 14

1. It improves brand reputation and customer loyalty
2. Enhance employee satisfaction and retention
3. Reduces business risks and increase compliance
4. Boosts investor confidence and financial performance
5. Encourages innovation and competitive advantage

Question 15

Drivers of CSR

Answer 15

Regulation
Market behavior
Social activism
Culture
Strategy

Question 17

Barrie’s of CSR

Answer 17

Limited financial resources
Profit maximization
Availability of human resources

Question 18

Balance scorecard (Kaplan and Norton)

Answer 18

Financial
Customer perspective
Internal business process
Learning and growth

Question 19

Triple bottom line

Answer 19

People
Planet
Profit

Question 20

A plan of action taken to achieve objectives

Answer 20

Strategy

Question 21

Steps/ process in strategy

Answer 21

Formulation
Implementation
Evaluating

Question 22

Establishing Goals

Answer 22

Vision
Mission
Goals
Objectives

Question 23

It is what a company envisions itself in the future

Answer 23

Vision

Question 24

Describes what the company is all about, who they are, and what or how they do things, and for whom

Answer 24

Mission

Question 25

Desired outcome of planning; broader than objectives

Answer 25

Goals

Question 26

Aimed targets that are needed to achieve goals

Answer 26

Objectives

Question 27

Look at the company's strengths and weakness by assessing it's resources

Answer 27

Internal environmental scanning

Question 28

Looks at the external opportunities and threats, given the dynamics or a particular industry

Answer 28

External environmental scanning

Question 29

Develops top-leveled strategies that can be trickled down to the rest of the organization

Answer 29

Formulation

Question 30

Executes developed plans by providing detailed objectives and action plans

Answer 30

Implementation

Question 31

Measures and assesses results and recommends changes for improvement

Answer 31

Evaluation

Question 32

Individuals or a group of people who can be affected by the activities engaged in by corporations in achieving their goals

Answer 32

Stakeholders

Question 33

Key stakeholders

Answer 33

1.Shareholders 2. Customers 3. Employees 4. Suppliers 5. Society

Question 34

It i a theoretical perspective that companies are responsible for generating reasonable profits for their shareholders but should also be responsible for their shareholders' well-being

Answer 34

Stakeholder theory