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