BA 342 Exam 3 UPDATED Exam Questions and CORRECT Answers
5 views 0 purchase
Course
BA 342
Institution
BA 342
BA 342 Exam 3 UPDATED Exam
Questions and CORRECT Answers
Which term do corporations use the most - sustainability or CSR? - CORRECT ANSWER50% - sustainability
25% - CSR
25% - other
5 sectors under business and stakeholders: - CORRECT ANSWER- 1. Community
2. Government
3. Employees
4. Cons...
BA 342 Exam 3 UPDATED Exam
Questions and CORRECT Answers
Which term do corporations use the most - sustainability or CSR? - CORRECT ANSWER-
50% - sustainability
25% - CSR
25% - other
5 sectors under business and stakeholders: - CORRECT ANSWER- 1. Community
2. Government
3. Employees
4. Consumers
5. Owners
Benefits Corporation - CORRECT ANSWER- Exist to do a product/service while doing a
nonprofit cause (ex: Hershey)
Benefits Certified Corporation (B Corp) - CORRECT ANSWER- legally required to consider
the impact of their decisions on their workers, customers, suppliers, community, and the
environment
Why is Warby Parker a B-corp? - CORRECT ANSWER- For every pair of glasses bought
they give a pair to someone in need. They also train people in low income areas to give
proper eye exams
Responsibility - CORRECT ANSWER- the ability or authority to act or decide on one's own
without supervision
Responsible Leadership - CORRECT ANSWER- making business decisions that takes into
account stakeholders, such as workers, clients, suppliers, the environment, the community
and future generations
,Doug McMillon initiatives (Walmart CEO) - CORRECT ANSWER- - have 0 waste in four
largest markets by 2025
- 100% renewable energy
- forests (0 net deforestation)
- food (2x sales local, less additives, sugar)
- 100% recycled packaging
- ladder of opportunity jobs/careers (training 250k)
- human rights internal sourcing
Walmart Pros: - CORRECT ANSWER- - serve about 200 mil customers a week
- largest company
- 1.4 mil employees
- sustainable
- saved the gulf
Walmart Cons: - CORRECT ANSWER- - green areas become pavement
- downtown declines
- consumerism: buy more stuff
- workforce issues (wage, gender, etc)
- legal issues (have about 17 lawsuits opened everyday)
Citizenship 3 Part Definition - CORRECT ANSWER- 1. Corporate social responsibility:
emphasis on obligation and accountability
2. Corporate social responsiveness: emphasis on action & activity
3. Corporate social performance: emphasis on outcomes and results
What does a license to operate mean? - CORRECT ANSWER- it means you are being a
stakeholder corporation
The Big 6 Reasons for CSR - CORRECT ANSWER- 1. Innovation
2. Cost savings
3. Brand Differentiation
4. Long-term thinking
5. Customer engagement
6. Employee engagement
The Core benefits for CSR - CORRECT ANSWER- 1. new business
2. enhanced reputation
3. customer retention
4. better relations with stakeholders
5. attract/retain employees
6. decrease costs
7. increased investment
How firms respond to CSR Pressure: - CORRECT ANSWER- 1. Defensive (garments):
Doing very little with CSR and if something happens you deal with it
2. Cost/benefit (DuPont): Is it more expensive to fix the problem or pay the fines with it
3. Strategic (IBM): Entire business model is based around CSR
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
