P 56 blendmate a firm that manufactures high end

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(p. 56) BlendMate, a firm that manufactures high-end blenders, donates $10 per blender sold to a local food bank. This is a form of corporate social responsibility. TRUE When companies voluntarily embrace CSR, they not only appeal to their shareholders, but to their primary stakeholders--including their own employees, consumers, the marketplace, and society at large. In this case, the company would be supporting a charity that helps society at large. AACSB: Ethics Blooms: Understand Difficulty: 2 Medium Learning Objective: 03-05 Describe the ways in which corporate social responsibility programs help various stakeholders. Topic: Ethics and Corporate Social Responsibility
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16. (p. 56) Ethos Water donates two percent of its profits to children in need of clean water. This action demonstrates that Ethos Water is a firm with a strong ethical climate. FALSE This is an example of corporate social responsibility, as it is a voluntary action designed to help the community at large. While ethical firms are more likely to be socially responsible, the two do not always go hand in hand. AACSB: Ethics Blooms: Understand Difficulty: 1 Easy Learning Objective: 03-02 Distinguish between ethics and social responsibility. Topic: Ethics and Corporate Social Responsibility 17. (p. 56) Corporate social responsibility refers to the coordinated actions of government organizations to address the ethical, social, and environmental impacts of business operations. FALSE Corporate social responsibility refers to voluntary actions taken by a company to address the ethical, social, and environmental impacts of its business operations and the concerns of its stakeholders. AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 03-05 Describe the ways in which corporate social responsibility programs help various stakeholders. Topic: Ethics and Corporate Social Responsibility 18. (p. 71) The idea that corporate social responsibility is unnecessary because the goal of any corporation is simply to make a profit has been thoroughly discredited and is no longer supported by economists or business people. FALSE While some feel that the recent economic crisis argues in favor of social responsibility being a core responsibility of firms, not everyone agrees. AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 03-05 Describe the ways in which corporate social responsibility programs help various stakeholders. Topic: Corporate Social Responsibility Multiple Choice Questions 19. (p. 51) Deceptive advertising and promotion of inferior products are examples of __________ ethical issues.
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A. accou nting B. marketing C. social D. finance E. economic These are two major issues related to marketing ethics. AACSB: Ethics Blooms: Remember Difficulty: 1 Easy Learning Objective: 03-01 Identify the ethical values marketers should embrace.
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  • Fall '12
  • Chris
  • Ethics , Corporate social responsibility

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Christopher Reinemann
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