BPSC (Balochistan Public Service Commission) · BPSC – Lecturer / Assistant Professor Arabic
Corporate Social Responsibility
Business Ethics _ CSR
· Commerce
26 MCQs
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Showing 21–26 of 26 MCQs
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21
What is the primary focus of Corporate Social Responsibility (CSR)?
Correct Option
Option B
Explanation
CSR refers to business practices that go beyond legal requirements and basic compliance. It involves voluntary actions taken by an organization to contribute to social, environmental, and economic goals, effectively exceeding the minimum obligations to stakeholders to create a positive impact on society.
22
Which of the following actions are considered part of a company's Corporate Social Responsibility (CSR) toward its consumers?
Correct Option
Option D
Explanation
CSR towards consumers includes ethical practices such as maintaining fair pricing even during high demand (seller's market) and establishing robust grievance redressal mechanisms. These actions ensure that the company respects consumer rights and maintains transparency, which are core tenets of responsible business conduct.
23
What is the primary benefit provided to policyholders who do not file any claims during a policy period?
Correct Option
Option D
Explanation
To incentivize risk-averse behavior and reward policyholders who maintain good health, insurance companies offer a 'No Claim Bonus' (NCB). This benefit typically manifests as a discount on the renewal premium or an increase in the sum insured for the subsequent policy year, provided no claims were registered during the preceding period.
24
Which of the following is not typically considered a primary method for an organization to implement Corporate Social Responsibility (CSR)?
Correct Option
Option B
Explanation
Corporate Social Responsibility (CSR) encompasses various initiatives, including environmental sustainability, energy conservation, and ethical marketing. While community involvement is a core pillar of CSR, the question implies a classification where it might be excluded based on specific organizational frameworks. This suggests a potential conflict with standard definitions, as community engagement is widely recognized as a fundamental component of CSR strategies globally.
25
Providing fair returns to investors is categorized under which type of business objective?
Correct Option
Option B
Explanation
Providing fair returns to investors is often classified as a social objective because it reflects the company's responsibility toward the stakeholders who provide the necessary capital. While it has economic implications, it is viewed as a social obligation to ensure that those who risk their capital are treated fairly, maintaining trust and stability within the broader economic system and the investment community.
26
Which of the following is NOT a generally accepted principle for corporations practicing Corporate Social Responsibility (CSR)?
Correct Option
Option B
Explanation
Corporate Social Responsibility (CSR) emphasizes that management has a fundamental duty to promote ethical behavior and integrity within the organization. Option A contradicts the core tenets of CSR, which mandate that leadership must foster an ethical culture, ensure compliance, and act responsibly toward all stakeholders, rather than absolving managers of their responsibility to encourage ethical conduct.
