Which of the following are part of Corporate Social
Responsibility (CSR) to consumers?
a) Reasonable chances and the proper system for accomplishment
and promotion
b) To supply goods at reasonable prices even when there is sellers
market
c) Improving the efficiency of the business operation
d) To provide an opportunity for being heard and redress genuine
grievances
Choose the correct answer from the options given below
1. a) and b)
2. b) and d)
3. b) and c)
4. a) and c)
Option 2 : b) and d)
With reference to the Corporate Social Responsibility (CSR),
which of the statements is/are correct?
1. Companies Act 2014, introduces mandatory CSR.
2. Companies covered under this will have to spend at least one
percent of their annual net-profit in the activities under CSR.
Select the correct answer using the codes given below:
1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2
Option 1 : 1 only
The four types of social responsibility include
A. Legal, Philanthropic, Economic & Ethical
B. Ethical, Moral, Social & Economic
C. Philanthropic, Justice, Economic & Ethical
D. Legal, Moral, Ethical, Economic
Ans -A
CSR considers
A. Impact of the company’s actions on society
B. Impact of company’s success
C. Impact of company’s failure
D. Impact of company’s wind up.
Ans- A
When a company wants to use CSR as a Marketing and Branding
tool for its business it should
A. Act beyond the narrow areas of self-benefit and works for a larger,
socially beneficial cause
B. Exploit the CSR activity platform to reach out to its target
audience
C. Align the CSR projects with its business activities to achieve its
desired business objectives
D. Use CSR as a tool to lure its stakeholders to build brand and
company image
Ans A
The reason why CSR builds Brand Equity is largely
A. Personal
B. Psychological
C. Ethical
D. Social
Ans B
‘P&G Shiksha - Buy P&G products, Help build schools’ is a
campaign run by P&G for the marketing & branding of its
products like ‘Tide’, ‘Ariel’, ‘Head & Shoulder’ etc. Which of the
following statements best reflect this example?
A. A company can fool the customers through such emotional
campaigns
B. A company can misuse CSR activities to convert customer needs
& wants into purchase
C. A company is able to tie purchase that is otherwise seen as non-
essential to something larger than the product
D. A company can exploit CSR platforms for converting prospects or
non- users to users or customers through such campaigns
Ans- C
Which of the following is NOT an example of a genuine business
innovation?
A. Development of less polluting fuel
B. investment in alternative energy sources
C. New product targeted at low-income customers
D. Charitable donation to an ecological organization
Ans D
Opportunities for social innovation are greatest when
CSR is aligned with a firm's core skills and capabilities.
CSR spending of a firm is larger than that of its competitors.
CSR is pursued by a firm to improve its reputation.
CSR is pursued by a firm to enhance human capital.
Ans - A
Permanent solutions to social problems can be best achieved with
A. Philanthropy
B. Donations
C. Charity
D. Community help
Ans A
Companies should view CSR from the perspective of marketing
and branding as
A. A passing fad
B. An unnecessary external pressure
C. Crucial for overall organizational health
D. Merely a statutory mandate
Ans C
Corporate Social Responsibility (CSR) consists of which four
kinds of responsibilities
A. Economic, ethical, societal, and altruistic
B. Economic, legal, ethical, and altruistic
C. Fiscal, legal, societal, and philanthropic
D. Economic, legal, ethical, and philanthropic
Ans D
Why, according to stakeholder theory is it in companies' best
interests to pay attention to their stakeholders?
A. If firms only act in their own self-interest employees may feel
exploited
B. If firms only act in their own self-interest government might put
more regulation on them
C. If firms only act in their own self-interest customers might not like
the image that the company portray
D. If firms only act in their own self-interest and inflict harm on
stakeholders then society might withdraw its support
Ans D
A socially responsible mutual fund will only purchase stocks in
companies that
A. have a no-smoking policy in place
B. have a culturally diverse management team
C. hire some job candidates who are HIV positive
D. have good social performance
Ans D
What is Ethics to do with?
A. Business
B. The wider community
C. Right & wrong
D. Profits
Ans C
. What is the classical view of management's social responsibility?
a. To create specific environment in work place
b. To maximise profits
c. To protect and improve society's welfare
d. All of the above
Ans B
Which of the following is a disadvantage of social responsibility?
a. Possession of resources
b. Ethical obligation
c. public image
d. Violation of profit maximisation
Ans D
When social criteria is applied on investment decisions it is called
____
a. Social responsiveness
b. Ethical obligation
c. Social screening
d. Financial return
Ans C
The responsibility which is not codified in any law is termed as
A) legal responsibility
B) Economic responsibility
C) Ethical responsibility
D) Discritionary responsibility
Ans C
Which responsibility comes under social responsibility
A) Economic responsibility
B) Legal responsibility
C) Ethical responsibility
D) All of the above
Correct Answer: C
Need for social responsibility is
A) For serving the interest of society
B) For getting moral understanding
C) For getting help in addressing legal, ethical and commercial issues
well
D) All of the above
Correct Answer: B
