QUIZ 4
1. Which of the following statements is true of corporate social responsibility (CSR)?
Answers:
The ideology of CSR speaks about doing no harm, fostering trust, and improving "customer confidence in the integrity of the marketing exchange system."
The instrumental approach to CSR states that a corporation has an obligation to society over and above the expectations of its shareholders.
The awakening to CSR for most companies happened only after being surprised by public responses to issues that had not previously been a part of their business responsibilities.
The social contract approach to CSR states that the only obligation of a corporation is to maximize profits for its shareholders.
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_________ for Multinational Enterprises are Guidelines that promote principles and standards of behavior in the following areas; Human Rights, Information Disclosure, Anti-corruption, Taxation, Labor Relations, Environment, Competition, and Consumer Protection; A governmental initiative endorsed by 30 members of the Organization for Economic Cooperation and Development and 9 nonmembers (Argentina, Brazil, Chile, Etonis, Isreal, Lativa, Lithuania, Romania, and Slovenia).
The conference brings together representatives from a range of OECD and non-OECD governmental agencies, including tax administrations, finance and justice ministries, Financial Intelligence Units, central banks, FATF, international organisations, as well as business and NGOs.
Participants from OECD and G20 countries as well as developing countries from Africa, Asia and Latin America are sharing ideas to find better and more effective ways to counter financial crimes, through better inter agency and international co-operation.
The aim is to deliver better results, in shorter time frames, with lower costs and less duplication, building on the strength and expertise of different agencies.