Corporate Social Responsibility (CSR) MCQs

What is Corporate Social Responsibility (CSR)? a. A legal obligation for companies b. A voluntary commitment to ethical and sustainable business practices c. A government-imposed regulation Answer: b. A voluntary commitment to ethical and sustainable business practices Which of the following is a primary focus of CSR initiatives? a. Maximizing shareholder profits b. Contributing to the well-being of society and the environment c. Ignoring ethical considerations Answer: b. Contributing to the well-being of society and the environment What is the “Triple Bottom Line” in the context of CSR? a. Profit, loss, and revenue b. Economic, social, and environmental outcomes c. Marketing, sales, and production Answer: b. Economic, social, and environmental outcomes Which stakeholder group is often considered in CSR initiatives? a. Shareholders only b. Employees only c. Various stakeholders including employees, communities, and the environment Answer: c. Various stakeholders including employees, communities, and the environment What does the term “Greenwashing” refer to in the context of CSR? a. Promoting environmentally friendly practices b. Deceptive marketing to appear more environmentally responsible than a company actually is c. Implementing genuine sustainability measures Answer: b. Deceptive marketing to appear more environmentally responsible than a company actually is Which international framework provides guidelines for CSR and sustainability reporting? a. ISO 9001 b. ISO 14001 c. Global Reporting Initiative (GRI) Answer: c. Global Reporting Initiative (GRI) What is the concept of “Shared Value” in CSR? a. Maximizing profits without considering societal impact b. Creating economic value while simultaneously addressing social and environmental challenges c. Exclusively focusing on philanthropy Answer: b. Creating economic value while simultaneously addressing social and environmental challenges What does “Corporate Citizenship” involve in the context of CSR? a. Legal obligations only b. Going beyond legal obligations to contribute positively to society c. Exclusively focusing on internal company matters Answer: b. Going beyond legal obligations to contribute positively to society Which of the following is a common CSR practice related to employees? a. Ignoring workplace diversity b. Providing fair wages and ensuring a safe working environment c. Focusing solely on maximizing employee productivity Answer: b. Providing fair wages and ensuring a safe working environment What is the role of philanthropy in CSR? a. A primary focus to the exclusion of other CSR initiatives b. A secondary consideration after meeting legal requirements c. Voluntary contributions to support social causes Answer: c. Voluntary contributions to support social causes What is the primary goal of CSR reporting? a. To hide negative aspects of a company’s operations b. To provide transparency on a company’s social and environmental impacts c. To exclusively focus on financial performance Answer: b. To provide transparency on a company’s social and environmental impacts What does the term “Ethical Sourcing” mean in the context of CSR? a. Acquiring products or materials without considering ethical considerations b. Ensuring that products or materials are obtained through ethical and responsible means c. Ignoring the impact of sourcing practices on stakeholders Answer: b. Ensuring that products or materials are obtained through ethical and responsible means What is the significance of a “CSR Code of Conduct” for companies? a. A legal requirement imposed by governments b. A set of voluntary guidelines to govern a company’s behavior c. A document exclusively focused on financial practices Answer: b. A set of voluntary guidelines to govern a company’s behavior How does CSR contribute to brand reputation? a. By solely focusing on advertising efforts b. By demonstrating a commitment to social and environmental responsibility c. By ignoring ethical considerations Answer: b. By demonstrating a commitment to social and environmental responsibility Which of the following is an environmental aspect of CSR? a. Employee training programs b. Reducing carbon emissions c. Community outreach initiatives Answer: b. Reducing carbon emissions What is the concept of “Social License to Operate” in CSR? a. The legal right to conduct business without adhering to ethical standards b. The ongoing acceptance and approval of a company’s operations by the community c. Ignoring societal expectations and preferences Answer: b. The ongoing acceptance and approval of a company’s operations by the community How does CSR contribute to risk management for companies? a. By avoiding any social or environmental initiatives b. By mitigating potential negative impacts on reputation and operations c. By disregarding stakeholder concerns Answer: b. By mitigating potential negative impacts on reputation and operations What is the role of a CSR Committee within a company? a. Ignoring CSR considerations b. Overseeing and implementing CSR initiatives c. Solely focusing on profit maximization Answer: b. Overseeing and implementing CSR initiatives Which of the following is an example of a social aspect of CSR? a. Environmental conservation programs b. Employee well-being initiatives c. Financial transparency Answer: b. Employee well-being initiatives What does “Social Entrepreneurship” involve in the realm of CSR? a. Focusing solely on profit generation b. Combining business principles with a commitment to addressing social issues c. Ignoring the social impact of business operations Answer: b. Combining business principles with a commitment to addressing social issues How does CSR impact consumer preferences and choices? a. By ignoring consumer expectations b. By influencing consumers to support socially responsible companies c. By exclusively focusing on advertising efforts Answer: b. By influencing consumers to support socially responsible companies What is the goal of “Sustainable Development” within the context of CSR? a. Focusing solely on short-term economic gains b. Meeting the needs of the present without compromising future generations c. Ignoring the impact of business operations on the environment Answer: b. Meeting the needs of the present without compromising future generations How does CSR contribute to employee engagement and satisfaction? a. By providing minimum wage and basic benefits b. By fostering a positive workplace culture and supporting social causes c. By excluding employees from CSR initiatives Answer: b. By fostering a positive workplace culture and supporting social causes What is the role of a “Social Audit” in CSR practices? a. Conducting audits to maximize profits b. Assessing a company’s social and environmental performance c. Ignoring the impact of business operations on society Answer: b. Assessing a company’s social and environmental performance How does CSR relate to the concept of “Corporate Citizenship”? a. CSR is synonymous with Corporate Citizenship b. CSR and Corporate Citizenship are unrelated concepts c. CSR is a legal obligation, while Corporate Citizenship is voluntary Answer: a. CSR is synonymous with Corporate Citizenship What is the role of NGOs (Non-Governmental Organizations) in CSR initiatives? a. Ignoring the contributions of NGOs b. Collaborating with NGOs to address social and environmental issues c. Competing with NGOs for resources Answer: b. Collaborating with NGOs to address social and environmental issues How does CSR contribute to long-term business sustainability? a. By solely focusing on short-term profits b. By integrating social and environmental considerations into business strategy c. By disregarding the impact of business operations on society Answer: b. By integrating social and environmental considerations into business strategy What is the role of a “CSR Ambassador” within a company? a. Ignoring CSR initiatives b. Serving as a spokesperson to promote and represent CSR efforts c. Focusing solely on financial matters Answer: b. Serving as a spokesperson to promote and represent CSR efforts Which of the following is an economic aspect of CSR? a. Community development programs b. Fair labor practices c. Contributing to local economic growth Answer: c. Contributing to local economic growth How does CSR align with the concept of “Corporate Governance”? a. CSR and Corporate Governance are unrelated concepts b. CSR is solely about financial governance c. CSR involves ethical and responsible decision-making aligned with corporate governance principles Answer: c. CSR involves ethical and responsible decision-making aligned with corporate governance principles