Started on Thursday, 1 August 2024, 1:04 PM
State Finished
Completed on Thursday, 1 August 2024, 1:28 PM
Time taken 23 mins 14 secs
Marks 16.00/20.00
Grade 80.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
It is essential to assess the outcomes of the engagement session from both the
company’s and the stakeholders’ perspective. To which step of the stakeholder
engagement process does this refer?
a. apply
b. evaluate
c. plan
d. prepare
Your answer is correct.
The correct answer is evaluate. The evaluation step assesses the engagement
session outcomes from both the company’s and the stakeholders’ perspective. (See
5.7 Lesson 5)
_________ is an integral part of the operations function and focuses on the
development and delivery of quality products by involving the entire company.
a. Total Quality Management
b. International nance corporation management
c. Preferential procurement management
d. Internal stakeholder management
Your answer is correct.
The correct answer is Total quality management (TQM). TQM is essential to
operations focusing on developing and delivering quality products. (See 5.8 Lesson
5)
The correct answer is:
Total Quality Management
Question 3
Correct
Mark 1.00 out of 1.00
Which one of the following is one of the ten principles of the United Nations Global
Compact, which falls under the labour standards?
a. Freedom of association and recognition of the right to collective
bargaining.
b. Support and respect the protection of internationally proclaimed human
rights.
c. Businesses should support a precautionary approach to environmental
challenges.
d. Businesses must ensure they are not complicit in human rights abuses.
Your answer is correct.
The correct answer is freedom of association and recognition of the right to
collective bargaining. Businesses should uphold the freedom of association and the
effective recognition of the right to collective bargaining, the elimination of all forms
of forced and compulsory labour, the effective abolition of child labour and the
elimination of discrimination in employment and occupation. (See 5.4 Lesson 5)
The correct answer is:
Freedom of association and recognition of the right to collective bargaining.
Which one of the following statements is NOT one of the aspects of corporate
governance?
a. Instability is critical in ensuring that there is good corporate
governance.
b. Innovation, fairness and collaboration are critical regarding sustainability.
c. Sustainability reporting is a crucial facet of good corporate governance.
d. Good governance is about effective leadership.
Your answer is correct.
The correct answer is "instability is critical in ensuring that there is good corporate
governance". Sustainability is the primary moral and economic imperative of the
21st century. Integrated sustainability and social transformation will create more
signi cant opportunities for the company and society. (See 5.6 Lesson 5)
The correct answer is:
Instability is critical in ensuring that there is good corporate governance.
Question 5
Correct
Mark 1.00 out of 1.00
James is working for Sibanye Goldmine as an executive tasked with ensuring that
Sibanye becomes a responsible business. He presents the bene ts of incorporating
good corporate social responsibility practices to the board of directors. Which one
of the following will NOT contribute to the organisation's nancial bottom line?
a. Energy-saving technology saving on the electrical bill.
b. Positive company reputation resulting in customer loyalty.
c. Fuel-saving technologies save company costs.
d. Investing in high-energy consumption equipment.
Your answer is correct.
The correct answer is investing in high-energy consumption equipment. Good
corporate social responsibility practices will positively impact the business's
nancial bottom line. These practices may include using energy-saving technology
to save on electrical bills and fuel-saving technology, which keeps costs for the
company. (See 5.5 Lesson 5)
The correct answer is:
Investing in high-energy consumption equipment.
a. Corporate social responsibility is the same as corporate social investment.
b. Corporate social investment is an element of corporate citizenship.
c. Corporate social governance is an element of corporate citizenship.
d. Corporate citizenship is an element of corporate social investment.
Your answer is correct.
The correct answer is "CSI is one component of corporate citizenship" CSI is about
spending a small portion of the company’s pro t on good causes, while corporate
citizenship is about how the organisation or the company makes their pro t in the
rst place. (See 5.3 Lesson 5)
The correct answer is:
Corporate social investment is an element of corporate citizenship.
Question 7
Incorrect
Mark 0.00 out of 1.00
A SWOT analysis is a tool that can be used to identify where risks should be
managed (threats) and areas where there is potential to create value, which refers
to ______.
a. service
b. opportunities
c. operations
d. task
Your answer is incorrect.
The correct answer is opportunities. In performing a SWOT analysis: strengths,
weaknesses, opportunities and threats facing the organisation are identi ed.
Management can identify areas where risks should be managed (threats) and value
can be created (opportunities). (See 5.5. Lesson 5)
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SmartTutors. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
