CSR Exam Questions And Answers All Correct

CSR Exam Questions And Answers All Correct Corporate Social Responsibility - ANSWERS also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business Corporate Social Responsibility - ANSWERS a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the law, ethics, and international norms and also engages in "actions for social good, beyond the interests of the firm and that which is required by law. Corporate Social Responsibility - ANSWERS is a process of business organization with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders . CSR as value creation. CSR as risk management. CSR as corporate philanthropy - ANSWERS CSR Approaches CSR as value creation - ANSWERS integrates business into community, creating shared value (CSV)-business and social welfare are interdependent CSR as risk management - ANSWERS refers to compliance with regulations and mitigates operational impact CSR as corporate philanthropy - ANSWERS providing funding and monetary donations Social accounting - ANSWERS a concept of communicating social and environmental effects of a company's economic actions to particular interest groups within society and to society at large. Social license - ANSWERS refers to a local community's acceptance or approval of a company's project or ongoing presence in an area. Triple bottom line theory - ANSWERS is an accounting framework with three parts: social, environmental (or ecological) and financial. John Elkington - ANSWERS proponent of Triple Bottom Line Theory profit - ANSWERS the economic value created by the company, or the economic benefit to the surrounding community and society people - ANSWERS the fair and favorable business practices regarding labor and the community in which the company conducts its business planet - ANSWERS the use of sustainable environmental practices and the reduction of environment impact Greenwashing - ANSWERS is a form of spin in which green PR or green marketing is deceptively used to promote the perception that an organization's products, aims or policies are environmentally friendly. Jay Westervelt - ANSWERS Proponent of Greenwashing Environmental sustainability Community involvement Ethical marketing practices - ANSWERS 3 Common types of CSR actions Environmental sustainability - ANSWERS Areas include recycling, waste management, water management, using renewable energy sources, utilizing reusable resources Community involvement - ANSWERS This can include raising money for local charities, supporting community volunteerism, sponsoring local events, employing people from a community, supporting a community's economic growth, engaging in fair trade practices, etc Ethical marketing practices - ANSWERS Companies do not try to manipulate or falsely advertise to potential consumers. This is important for companies that want to be viewed as ethical. Archie Carroll - ANSWERS Proponent of CSR Pyramid