CHAPTER 5 Show 1) According to the classical view of social responsibility, management’s only social responsibility is to maximize profits. TRUE 2) The most outspoken advocate of the classical view of organizational social responsibility is Milton F. TRUE 3) According to socioeconomic view, managers’ social responsibilities go beyond making profits to include protecting and improving society’s welfare. TRUE 4) When a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities, it is said to be socially responsive. FALSE 5) One argument against businesses championing social responsibility issues is that businesses already have too much power. TRUE 6) Possession of resources is an argument for social responsibility. TRUE 7) The legal approach to going green is also known as the dark green approach. FALSE 8) An organization is said to adopt the market approach to going green when it responds to the environmental demands made by its stakeholders. FALSE 9) The activist approach to going green is when an organization looks for ways to protect the earth’s natural resources. TRUE 10) In the preconventional stage of moral development, individuals make a clear effort to define moral principles apart from the authority of the groups to which they belong or of society in general. FALSE 11) At the conventional level of moral development, ethical decisions rely on maintaining expected standards and living up to the expectations of others. TRUE 12) At the principled level of moral development, an individual values the rights of others and upholds absolute values and rights regardless of the majority’s opinion. TRUE 13) The term “values” refers to the principles and beliefs that define what is right and wrong behavior. FALSE 14) People with an internal locus of control believe that what happens to them is due to luck or chance. FALSE 15) An organization’s structural design, its goals, performance appraisal systems, and reward allocation procedures influence the ethical choices of employees. TRUE 16) When employees are evaluated only on outcomes, they may be pressured to do whatever is necessary to look good on the outcomes, and not be concerned with how they got those results. TRUE 17) The Global Compact is a document created by the United Nations outlining principles for doing business globally in the areas of human rights, labor, the environment, and anticorruption. TRUE 18) The Organization for Economic Co-Operation and Development developed a global code of ethics. FALSE 19) Employees who raise ethical concerns or issues to others inside or outside the organization are called social activists. FALSE 20) Under the Sarbanes-Oxley Act, whistle-blowers in the United States who report suspected corporate violations of laws now have broad protection from reprisals and retaliation. TRUE 21) Social obligation is the obligation of a business to meet its ________. A)social and technological responsibilities B)economic and social responsibilities C)technological and economic responsibilities D)economic and legal responsibilities 22) The ________ view of social responsibility holds that management’s only social responsibility is to maximize profits. A)socioeconomic B)classical C)contemporary D)sociolegal 23) The most outspoken advocate of the classical view of social responsibility is economist and Nobel laureate __. A)George Stigler B)Arthur F. Burns C) Homer Jones D)Milton Friedman 24) Under the concept of social obligation, the organization does what is required by the ________. A)society B)stakeholders C)environment D)law 25) The ________ view is that management’s social responsibility goes beyond making profits to include protecting and improving society’s welfare. What is the classical view of management's social responsibility?According to the Milton Friedman an economist that today managers are professionals, their social responsibility is to minimize the profit. According to him their first priority should be to run the business in the best interest of owners.
What is the social responsibility view?Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.
What is social responsibility in management?Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.
What are the 3 major areas of social responsibility?Three Key Areas of Corporate Social Responsibility. Community Relations,. Training and Development, and.. A Cohesive Global Corporate Social Responsibility Platform.. |
The classical view of social responsibility holds that managements only social responsibility is to
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