BA 342 Exam 3 UPDATED Exam Questions and CORRECT Answers
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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
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