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8. Who defines a company's approach to Corporate Social Responsibility? a. internal stakeholders b. Board of...

Question

8. Who defines a company's approach to Corporate Social Responsibility? a. internal stakeholders b. Board of...
8. Who defines a company's approach to Corporate Social Responsibility?
a. internal stakeholders
b. Board of Directors/senior management/owners
c. customers/politicians
d. external stakeholders
e. all of the above
9. Which of the following is not a conflict of interest?
a. awarding contracts to your friends without transparency
b. accepting gifts from customers or suppliers
c. giving advance information to certain customers or suppliers but not others
d. running or serving as a Director of a competing business or organization
e. none of the above
10. Can an employer expect its' employees to conduct themselves appropriately even when not on the job?
a. yes
b. no
4.
11. The "appearance" of a conflict of interest is just as important to avoid as the conflict itself?.
a. true
b. false
12. In today's technological world a company cannot be expected to strictly maintain the integrity and confidentiality of all stakeholder information. It can only do the best it can!
a. false
b. true

Answers

8) (b) Board of Directors/senior management/owners

Explanation -  Corporate Social Responsibility is the approach with the goal to do some activity for the betterment of the society. Generally, company's approach is share by the senior management or the owner of the company to CSR. Because this will give a good impact in the market. Other options are incorrect as all the stakeholders. who does not involve in the company's activity.

9) (d) running or serving as a Director of a competing business or organization

Explanation - If the person is ex director of the competition company. Then, it can't be a conflict of interest. But if the person is a company's director and also a director of competition company. it can be a conflict of interest.

10) No

Explanation - After the job, employee have the freedom. what they want to do. Employer can't expect to conduct themselves appropriately with the employee.

11) False

Explanation - Conflict in any place or organization can't be avoided. If the employer know about the conflict or conflict of interest is create. Employer or the authorized person must have to take action.

12) False

Explanation - Any of the organization, always work in the interest of its stakeholder. They strictly maintain the integrity and confidentiality of all stakeholder information. So, that any kind of conflict can be ignored.


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