1. What is the primary goal of Corporate Social Responsibility (CSR)?
a) To maximize profits for shareholders
b) To improve the company’s public image
c) To contribute positively to society and the environment beyond legal obligations
d) To focus solely on employee benefits
Answer: c) To contribute positively to society and the environment beyond legal obligations
2. Which of the following is an example of a CSR initiative?
a) Implementing an employee training program
b) Donating a portion of profits to charitable causes
c) Increasing product prices
d) Reducing production costs
Answer: b) Donating a portion of profits to charitable causes
3. What does “ethical sourcing” refer to in CSR practices?
a) Sourcing materials from suppliers based on the lowest price
b) Ensuring that materials are sourced in a way that is environmentally friendly and respects human rights
c) Prioritizing local suppliers over international ones
d) Reducing the number of suppliers to cut costs
Answer: b) Ensuring that materials are sourced in a way that is environmentally friendly and respects human rights
4. What is a “sustainable business practice” in the context of CSR?
a) Practices that prioritize short-term financial gains
b) Practices that focus on long-term environmental and social impacts
c) Practices that avoid investing in new technologies
d) Practices that limit employee engagement
Answer: b) Practices that focus on long-term environmental and social impacts
5. How can companies measure the impact of their CSR activities?
a) By analyzing financial reports only
b) By using metrics related to environmental impact, social contributions, and stakeholder feedback
c) By focusing solely on customer satisfaction
d) By tracking employee productivity
Answer: b) By using metrics related to environmental impact, social contributions, and stakeholder feedback
6. What role does “stakeholder engagement” play in CSR?
a) It is not relevant to CSR efforts
b) It involves actively involving and addressing the concerns of various stakeholders, such as employees, customers, and the community
c) It focuses only on shareholder interests
d) It limits the company’s interactions with external parties
Answer: b) It involves actively involving and addressing the concerns of various stakeholders, such as employees, customers, and the community
7. Which of the following best describes “corporate philanthropy”?
a) Investing in new technologies
b) Engaging in community development and charitable activities
c) Reducing operational costs
d) Expanding into new markets
Answer: b) Engaging in community development and charitable activities
8. What is the “triple bottom line” approach in CSR?
a) Focusing on financial performance, market share, and employee benefits
b) Evaluating performance based on social, environmental, and economic outcomes
c) Measuring customer satisfaction, product quality, and brand loyalty
d) Assessing operational efficiency, cost reduction, and revenue growth
Answer: b) Evaluating performance based on social, environmental, and economic outcomes
9. How can CSR contribute to a company’s competitive advantage?
a) By reducing product quality
b) By enhancing the company’s reputation, attracting customers and talent, and fostering loyalty
c) By increasing prices significantly
d) By limiting investment in employee development
Answer: b) By enhancing the company’s reputation, attracting customers and talent, and fostering loyalty
10. What is the role of “transparency” in CSR?
a) To obscure company practices from stakeholders
b) To openly communicate CSR efforts, goals, and results to stakeholders
c) To avoid disclosing information about CSR activities
d) To focus solely on internal reporting
Answer: b) To openly communicate CSR efforts, goals, and results to stakeholders