Which of the following statements about corporate social responsibility (CSR) is false?O a. CSR describes the efforts of companies to take responsibility for improving social well-beingwithin and outside of the firm.b. Companies are taking a more active role in recent years in focusing and reporting on their ownCSR initiatives.c. CSR describes the efforts of companies to take responsibility for the impact their operations haveon society.d. CSR activities may include waste and pollution minimization but do not include agriculturalinitiatives within farming and ranching.

The false statement about CSR is: d. CSR activities may include waste and pollution minimization but…

Answered: Which of the following statements about…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 8MC: What should an organization do if performance measures change? A. Make sure that the manager being...

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What social responsibility is fulfilled by a business organization which is trying to reduce national problems like corruption and unemployment? O a. Responsibility to protect the environment O b. Responsibility to fulfill duties and national obligation O C. Responsibility to safeguard the health O d. Responsibility to make a profit
Why the corporate social responsibility activities have negative implication on the accounting valuation of a company? O a. CSR activities are done at the cost of the company. O b. CSR activities are done for the benefit of the community. O C. CSR activities are done for the benefit of the company. O d. CSR activities are done at the cost of the community. 8:44 AM
Business Ethics and Corporate Social Responsibility: Do businesses have a responsibility to society or to their shareholders? Explain your answer. Do these responsibilities conflict or work together? How do social and profit responsibility relate to CSR?
Corporate social responsibility is primarily reflected in a firm's effort to deal with environmental problems. * TRUE O FALSE
Corporate social responsibility goes beyond serving the stakeholders of a company. * TRUE FALSE
Ethics Codes help companies to keep a standardized way to take decisions else the decision can be biased. Unethical behaviors can damage the reputation of the company. Also if companies do not take strong measures against these then these can have a negative impact on others. The public or other stakeholders' interest can be subdued by personal interest. The impact of unethical behavior can have a long-term effect on any company's operation. Saint Leo's core values are Excellence, Community, Respect, Personal Development, Responsible Stewardship, and Integrity. Unethical behavior does not comply with any of it.
All of the following conditions are likely to make ESG issues financially material (relevant) to a firm, except: O when it becomes easier for management and stakeholders ot gain insight into a company's environmental or socal impact. when the media and NGOS have more power and politicians are more responsive to ESG issues. when companies have the ability to effectively self-regulate O when a company develops a differentiated service or product that replaces a "dirty" or unsustainable way of doing business.
Creating a good public image is vital for the organizations and one of the ways is to work closely on corporate social responsibility in relation to the risk management of the organization. To achieve this goal the organization must pay attention in _____________. a. All of the options b. Providing opportunities for stakeholders to develop c. Operating within societies by keeping the sociocultural norms d. Providing financial and non-financial information
Which of the following statements regarding CSR and sustainability reporting is false? a.The Global Reporting Initiative is an international organization that develops the use of sustainability reporting standards. b.Generally accepted accounting principles require firms to report CSR and sustainability efforts. c.Many corporations use a triple bottom line approach to sustainability reporting. d.The triple bottom line approach includes financial, social, and environmental performance components.
The corporate social responsibility that is supplied changes in accordance with the changes in society. * TRUE FALSE
36. Which of the following is NOT a function of corporate culture? a. serves as a frame of reference for employees to use as a guide for appropriate behavior b. keeps people guessing about what to do next c. helps generate employee commitment to something greater than themselves d. adds to the stability of the organization as a social system e. conveys a sense of identity for employees
Which of the following describes the awareness stage of corporate social responsibility according to Ackerman? O a. Identifying social problem O b. Determination of strategies O c. Good planning O d. Allocation of resources

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