Corporate Social Responsibility & Sustainability Quiz

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Corporate Social Responsibility & Sustainability Quiz - Quiz

Start an enlightening journey with our Corporate Social Responsibility & Sustainability Quiz. This interactive quiz is expertly designed for professionals, students, and anyone interested in the pivotal roles of corporate social responsibility (CSR) and sustainability in today's business world. As environmental concerns and ethical practices gain prominence, understanding these concepts has never been more crucial.

This quiz will challenge you to explore various dimensions of CSR and sustainability, from environmental stewardship to ethical business practices and community engagement. You'll encounter a range of thought-provoking questions that delve into real-world applications, the impact of sustainable practices on corporate performance, and the Read moreevolving expectations of stakeholders.

Whether you're a seasoned expert in sustainability or new to the concept of CSR, this quiz offers a comprehensive review of essential principles and current trends. By participating, you'll enhance your understanding of how businesses can operate responsibly while achieving their goals and contributing positively to the world.


Corporate Social Responsibility & Sustainability Questions and Answers

  • 1. 

    The relationship between standards of CSR & potential legal requirements governing corporate operation lies at the heart of the 

    • A.

      The business community.

    • B.

      Unattainable

    • C.

      Formulation

    • D.

      The social activity.

    Correct Answer
    A. The business community.
    Explanation
    The relationship between standards of CSR and potential legal requirements governing corporate operation lies at the heart of the business community. This means that the business community plays a central role in determining and implementing CSR standards, as well as adhering to any legal requirements related to corporate operations.

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  • 2. 

    The argument for CSR involves

    • A.

      Recognition of moral obligations by business.

    • B.

      We need to balance power with responsibility.

    • C.

      Voluntary actions would prevent government regulations.

    • D.

      All of the above

    Correct Answer
    D. All of the above
    Explanation
    The argument for CSR involves recognizing the moral obligations of businesses, balancing power with responsibility, and voluntary actions to prevent government regulations. This means that businesses should acknowledge their ethical duties, ensure that they are accountable for their actions, and take voluntary initiatives to address social and environmental concerns. By doing so, they can avoid the need for government intervention and regulations. Therefore, "All of the above" is the correct answer as it encompasses all the mentioned points in the argument for CSR.

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  • 3. 

    The spending on CSR activity is mandatory in India for the following organizations:

    • A.

      3% spending for above 5 cr profit organizations.

    • B.

      2% spending for above 5 cr profit organizations.

    • C.

      1% spending for above 5 cr profit organizations.

    • D.

      Some spending on above 5cr profit organizations.

    Correct Answer
    B. 2% spending for above 5 cr profit organizations.
    Explanation
    In India, organizations with profits above 5 crore are required to spend 2% of their profits on CSR activities. This is mandated by the government to ensure that businesses contribute to social and environmental causes. The specific percentage of 2% is determined to strike a balance between encouraging corporate responsibility and allowing organizations to allocate their funds efficiently. This requirement helps promote sustainable development and the well-being of communities in India.

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  • 4. 

    Which of the following statements about CSR is untrue?

    • A.

      It has a substantial impact on corporate reporting practices, investment strategies, SCM & public relations.

    • B.

      It is about striking a balance between economic performance, meeting stakeholders' expectations & responsibility towards society.

    • C.

      It is about recognizing that no organization is an island & must operate in partnership with the outside world.

    • D.

      Its primary concern is about maintaining a competitive edge in the global market

    Correct Answer
    D. Its primary concern is about maintaining a competitive edge in the global market
    Explanation
    CSR, or Corporate Social Responsibility, is a concept that involves companies taking responsibility for their impact on society and the environment. It includes various aspects such as corporate reporting practices, investment strategies, supply chain management, and public relations. However, the statement that "Its primary concern is about maintaining a competitive edge in the global market" is untrue. While maintaining a competitive edge may be a secondary benefit of CSR, its primary concern is about meeting stakeholders' expectations, striking a balance between economic performance and social responsibility, and recognizing the importance of operating in partnership with the outside world.

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  • 5. 

    A ________ _________ sets out the purpose and general direction for the organization?

    • A.

      Vision

    • B.

      Purpose statement

    • C.

      Mission statement

    • D.

      Profit statement

    Correct Answer
    C. Mission statement
    Explanation
    A mission statement is a concise statement that outlines the purpose and direction of an organization. It communicates the organization's goals and objectives, as well as its core values and principles. It helps guide decision-making and provides a framework for strategic planning and resource allocation. A mission statement is essential for clarifying the organization's identity and ensuring that all stakeholders are aligned with its overall vision and objectives.

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  • 6. 

    Which of the following words refers to 'doing business with your grandchildren's interests at heart'?

    • A.

      Responsibility

    • B.

      Sustainability

    • C.

      Agility

    • D.

      Integrity

    Correct Answer
    B. Sustainability
    Explanation
    Sustainability refers to the concept of conducting business in a way that considers the long-term interests of future generations, including one's grandchildren. It involves making decisions and taking actions that balance economic growth, environmental protection, and social responsibility. By prioritizing sustainability, businesses can ensure that their operations and practices are not only profitable but also contribute to the well-being and prosperity of future generations.

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  • 7. 

     Which of the following would most effectively act as the primary objective of a business organization?

    • A.

      To communicate with shareholders.

    • B.

      To make a profit.

    • C.

      To mediate between the organization and the environment.

    • D.

      All of the above.

    Correct Answer
    B. To make a profit.
    Explanation
    The primary objective of a business organization is to make a profit. While it is important for a business to communicate with shareholders and mediate between the organization and the environment, these objectives are secondary to the main goal of generating profit. Profitability is crucial for the sustainability and growth of a business, as it allows for reinvestment, expansion, and meeting the needs of shareholders and stakeholders. Therefore, making a profit is the most effective primary objective for a business organization.

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  • 8. 

    'Ethics deals with the right actions of Individuals'- Who said this?

    • A.

      C S Rao

    • B.

      P F Drucker

    • C.

      J R Betty

    • D.

      DC Zane

    Correct Answer
    B. P F Drucker
    Explanation
    P F Drucker said that "Ethics deals with the right actions of individuals." Drucker was a renowned management consultant, educator, and author, known for his work on management theory and practice. He emphasized the importance of ethical behavior in organizations and believed that individuals should always strive to do what is morally right. Drucker's statement highlights the significance of ethics in guiding individuals' actions and decision-making processes.

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  • 9. 

      What is the purpose of a balanced scorecard?

    • A.

      To relate business performance to financial measures.

    • B.

      To measure the contribution of people to business growth

    • C.

      To relate business performance to customer satisfaction.

    • D.

      To combine a range of qualitative and quantitative indicators of performance.

    Correct Answer
    D. To combine a range of qualitative and quantitative indicators of performance.
    Explanation
    The purpose of a balanced scorecard is to combine a range of qualitative and quantitative indicators of performance. This means that it aims to provide a comprehensive view of a company's performance by considering both financial and non-financial factors. By incorporating various measures such as customer satisfaction, employee engagement, and operational efficiency, the balanced scorecard enables a more holistic assessment of an organization's success. This approach allows businesses to have a more balanced and well-rounded understanding of their performance, helping them make informed decisions and drive continuous improvement.

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  • 10. 

    Which is the element of business ethics??

    • A.

      .A discipline.

    • B.

      It is an art & science both.

    • C.

      Good intention.

    • D.

      All of the above.

    Correct Answer
    D. All of the above.
    Explanation
    The correct answer is "All of the above" because business ethics encompasses multiple aspects. It is a discipline that involves the study and application of ethical principles in business practices. It is also considered an art and science as it requires creativity and systematic thinking to make ethical decisions. Additionally, having good intentions is a fundamental element of business ethics as it involves conducting business in a morally upright and responsible manner. Therefore, all the options provided are valid elements of business ethics.

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  • 11. 

     Which of the following does the term Corporate Social Responsibility relate to?

    • A.

      Environmental practice.

    • B.

      Ethical conduct.

    • C.

      Human rights and employee relations.

    • D.

      All of the above.

    Correct Answer
    D. All of the above.
    Explanation
    The term Corporate Social Responsibility relates to all of the options mentioned: environmental practice, ethical conduct, and human rights and employee relations. Corporate Social Responsibility refers to a company's commitment to operate in an ethical and sustainable manner, taking into consideration its impact on the environment, society, and its employees. It involves practices that promote environmental sustainability, adherence to ethical standards, and the protection of human rights and fair treatment of employees. Therefore, the correct answer is "All of the above."

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  • 12. 

    'Social responsibility is to pursue those policies & decisions or to follow lines of actions which are desirable in terms of the objective & value of our society' who said??

    • A.

      H R Bowen

    • B.

      P F Deucker

    • C.

      G A Steiner

    • D.

      All of the above

    Correct Answer
    A. H R Bowen
    Explanation
    H R Bowen is the correct answer because he is the one who defined social responsibility as the pursuit of policies, decisions, and actions that align with the objectives and values of society. This definition emphasizes the importance of considering the societal impact of business actions and making choices that benefit the broader community. P F Deucker and G A Steiner are not associated with this specific definition of social responsibility.

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  • 13. 

    Who are organizational stakeholders?

    • A.

      Employees

    • B.

      Government

    • C.

      Customers

    • D.

      All of the above.

    Correct Answer
    D. All of the above.
    Explanation
    Organizational stakeholders refer to individuals or groups who have an interest or are affected by the activities and outcomes of an organization. This includes employees, who contribute to the functioning and success of the organization; government, which regulates and influences the organization's operations; and customers, who are directly impacted by the organization's products or services. Therefore, all of the options mentioned - employees, government, and customers - are considered organizational stakeholders.

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  • 14. 

    Which is the principle of corporate responsibility?

    • A.

      Trusteeship principle

    • B.

      Principle of stewardship

    • C.

      Principle of charity

    • D.

      All of the above

    Correct Answer
    D. All of the above
    Explanation
    The principle of corporate responsibility encompasses the trusteeship principle, the principle of stewardship, and the principle of charity. The trusteeship principle refers to the responsibility of corporate leaders to act as trustees for the resources and interests of various stakeholders. The principle of stewardship emphasizes the responsible and sustainable management of resources and assets. The principle of charity highlights the importance of corporate social responsibility and giving back to the community. Therefore, all of these principles are considered part of corporate responsibility.

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  • 15. 

    Which is the element of social responsibility?

    • A.

      Universal concept.

    • B.

      Supremacy of public interest.

    • C.

      It is related to business organization.

    • D.

      All of the above

    Correct Answer
    D. All of the above
    Explanation
    Social responsibility is a concept that encompasses various aspects. It is a universal concept, meaning that it applies across different societies and cultures. It also involves the supremacy of public interest, which means that businesses should prioritize the well-being of the general public over their own interests. Additionally, social responsibility is closely related to business organizations, as they have a responsibility to operate ethically and contribute positively to society. Therefore, all of the given options - universal concept, supremacy of public interest, and relation to business organization - are elements of social responsibility.

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  • 16. 

    Which one of the following is not the principle of business ethics?

    • A.

      Principle of universality.

    • B.

      Principle of humanity.

    • C.

      Principle of autonomy.

    • D.

      Principle of dissatisfaction.

    Correct Answer
    D. Principle of dissatisfaction.
    Explanation
    The principle of dissatisfaction is not a principle of business ethics because it does not align with the commonly accepted principles that guide ethical behavior in business. The other three principles listed - universality, humanity, and autonomy - are recognized as important principles in business ethics. The principle of universality emphasizes the need for ethical principles to be applicable to all individuals and situations. The principle of humanity emphasizes treating others with respect, dignity, and fairness. The principle of autonomy emphasizes the importance of individuals having the freedom to make their own decisions. On the other hand, the principle of dissatisfaction does not fit within the framework of commonly accepted business ethics principles.

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  • 17. 

    What has ethics to do with?

    • A.

      The wider community.

    • B.

      Right and wrong.

    • C.

      Business!

    • D.

      None of the above.

    Correct Answer
    B. Right and wrong.
    Explanation
    Ethics is concerned with determining what is right and wrong in a given situation. It involves evaluating moral principles and values to guide behavior and decision-making. In this context, ethics has to do with right and wrong, as it helps individuals and organizations make ethical choices and consider the impact of their actions on others. The wider community and business are related to ethics, but they are not the direct answer to the question.

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  • 18. 

    Business ethics is a dynamic philosophy of ---- economic adjustment whose field is widening day-by-day

    • A.

      Socio

    • B.

      Political

    • C.

      Historical

    • D.

      Traditional

    Correct Answer
    A. Socio
    Explanation
    Business ethics is a dynamic philosophy that is constantly evolving and adapting to changes in society. It takes into consideration the social, political, historical, and traditional factors that shape the business environment. As society progresses and becomes more aware of ethical issues, the field of business ethics widens to encompass a broader range of considerations. Therefore, the correct answer is "Socio" as it reflects the social aspect of business ethics and its expansion over time.

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  • 19. 

    The social responsibility of business towards the owners of business includes

    • A.

      Maximum ROI.

    • B.

      Report about progress.

    • C.

      Report of Profit.

    • D.

      All of the above.

    Correct Answer
    D. All of the above.
    Explanation
    The social responsibility of business towards the owners includes all of the options mentioned. Providing maximum return on investment is a way for businesses to fulfill their responsibility towards owners. Additionally, reporting progress and profit is necessary to keep owners informed about the performance and financial health of the business. Therefore, all of these actions contribute to fulfilling the social responsibility towards owners.

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  • 20. 

    CSR that extends beyond legal mandates can help meet social expectations in the absence of:

    • A.

      Statutory devices.

    • B.

      Social tool

    • C.

      Cost tool & technique

    • D.

      Science tool

    Correct Answer
    A. Statutory devices.
    Explanation
    CSR, or Corporate Social Responsibility, refers to a company's voluntary actions to address social and environmental issues. When CSR goes beyond legal mandates, it means that a company is taking extra steps to fulfill social expectations and responsibilities. In the absence of statutory devices, which are legal regulations or requirements, CSR becomes even more important as it helps fill the gap and ensures that companies are meeting societal expectations. Therefore, the correct answer is "Statutory devices."

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  • 21. 

    How can CSR activities influence a company's reputation?

    • A.

      By reducing environmental impact.

    • B.

      By improving relationships with stakeholders.

    • C.

      By increasing employee satisfaction.

    • D.

      By building trust and goodwill in the community.

    Correct Answer
    D. By building trust and goodwill in the community.
    Explanation
    Engaging in Corporate Social Responsibility (CSR) activities can significantly enhance a company’s reputation by building trust and goodwill among community members. When a company actively contributes to societal and environmental improvements, it demonstrates responsibility beyond its business operations, which can lead to increased respect and loyalty from both customers and the local community.

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  • 22. 

    What role does sustainability play in corporate strategy?

    • A.

      Reducing operational costs only.

    • B.

      Addressing environmental issues only.

    • C.

      Enhancing employee morale only.

    • D.

      Integrating long-term economic, social, and environmental considerations.

    Correct Answer
    D. Integrating long-term economic, social, and environmental considerations.
    Explanation
    Sustainability in corporate strategy involves integrating long-term economic, social, and environmental considerations into business planning and decision-making. This approach ensures that the company can maintain its operations and profitability over time while also addressing important social and environmental issues, leading to sustainable development.

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  • 23. 

    What is the primary focus of environmental CSR?

    • A.

      To increase the company’s profitability.

    • B.

      To minimize waste and reduce greenhouse gas emissions.

    • C.

      To improve the quality of management.

    • D.

      To enhance shareholder value.

    Correct Answer
    B. To minimize waste and reduce greenhouse gas emissions.
    Explanation
    The primary focus of environmental CSR is to minimize waste and reduce greenhouse gas emissions. By addressing these areas, companies not only help protect the environment but also improve their operational efficiency and potentially reduce costs associated with waste management and energy use.

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  • 24. 

    How does ethical conduct benefit a company?

    • A.

      By ensuring compliance with legal requirements.

    • B.

      By preventing potential scandals and legal issues.

    • C.

      By directly increasing sales.

    • D.

      By improving the quality of products or services.

    Correct Answer
    B. By preventing potential scandals and legal issues.
    Explanation
    Ethical conduct in a company helps prevent potential scandals and legal issues. When a company adheres to high ethical standards, it reduces the risk of misconduct and the legal or reputational damage that can arise from unethical behaviors, thus maintaining a trustworthy and reliable image.

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  • 25. 

    What is the significance of CSR in terms of employee relations?

    • A.

      Enhancing job training and skills development.

    • B.

      Increasing salaries and bonuses.

    • C.

      Fostering a positive workplace culture and employee engagement.

    • D.

      Extending longer vacation times.

    Correct Answer
    C. Fostering a positive workplace culture and employee engagement.
    Explanation
    The significance of CSR in terms of employee relations lies in fostering a positive workplace culture and enhancing employee engagement. When companies involve employees in CSR activities and commit to social and environmental responsibilities, it can lead to increased job satisfaction, loyalty, and a sense of pride among employees.

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  • 26. 

    Why is it important for businesses to engage in CSR related to human rights?

    • A.

      To avoid legal penalties.

    • B.

      To ensure fair treatment of employees and communities.

    • C.

      To streamline operations.

    • D.

      To reduce manufacturing costs.

    Correct Answer
    A. To avoid legal penalties.
  • 27. 

    In what way does CSR contribute to corporate innovation?

    • A.

      By maintaining traditional business methods.

    • B.

      By fostering an environment of creativity and sustainability.

    • C.

      By focusing solely on profit maximization.

    • D.

      By reducing the number of employees.

    Correct Answer
    B. By fostering an environment of creativity and sustainability.
    Explanation
    CSR contributes to corporate innovation by fostering an environment where creativity and sustainability are prioritized. This approach encourages companies to develop new products and services that are not only profitable but also socially and environmentally beneficial, leading to innovative solutions that meet the demands of consumers and society.

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  • 28. 

    What impact does CSR have on a company's long-term success?

    • A.

      It leads to immediate financial gains.

    • B.

      It enhances corporate image and stakeholder trust.

    • C.

      It simplifies decision-making processes.

    • D.

      It reduces the importance of customer satisfaction.

    Correct Answer
    B. It enhances corporate image and stakeholder trust.
    Explanation
    CSR has a positive impact on a company’s long-term success by enhancing its corporate image and building trust with stakeholders, including investors, customers, and employees. This trust can lead to greater loyalty, more favorable business conditions, and sustained profitability over time.

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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jun 18, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 09, 2015
    Quiz Created by
    Chetan
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