Que 1)Which of the following describes the changing role of business in society?

Select one:
a. Soft laws are operating without a governmental power to enforce rules and to sanction deviant behaviour.
b. Along their supply chains, multinational corporations (MNCs) are asked to take responsibility for more and more of the social and environmental externalities to which they are connected.
c. In the changing institutional context of global governance, the stable framework of law and moral custom is eroding and corporations have to find new ways of keeping their licences to operate.
d. All of the above.
e. None of the above.

Que 2) Which of the following is not the economic view of CSR?

Select one:
a. All business decisions should be based on their impact on a broad range of stakeholders, not just the shareholders.
b. There is a clear separation of business and politics.
c. Corporations have to maximize their profits and managers have fiduciary responsibilities to the shareholders.
d. Societal responsibilities might only be assumed if they advance the long-term value of the firm.

Que 3) The goal of transnational regulation is to establish effective arrangements for auditing, monitoring, reporting, and verification and for setting standards.

Select one:
a. True
b. False

Que 4) Which is true for a corporation's codes of conduct?

Select one:
a. Codes determine the standards in practice because they are formulated and enforced by regulatory agencies.
b. Codes are formulated voluntarily and are not legally enforceable.
c. Codes are created and monitored by non-governmental organisations (NGOs).
d. All of the above.
e. None of the above.

Que 5) A corporation can be considered a person as far as its legal status is concerned.

Select one:
a. True
b. False

Que 6) There is no evidence to show that CSR can harm the wealth-generating ability of business.

Select one:
a. True
b. False

Que 7) Which of these describes the Brundtland definition of sustainable development?

Select one:
a. A slogan which, however pretty, never makes a theory.
b. It does not elaborate on the notion of human needs and wants.
c. There is considerable disagreement about how this definition can be operationalised and how sustainability can be measured.
d. All of the above.
e. None of the above.

Que 8) Expansion of CSR activities can be attributed to the increasing erosion of the division of labour between business and government and to growing pressure from civil society.
Select one:
a. True
b. False

Que 9) Which of the following can be identified as characteristics of the ‘post-Westphalian' world order?

Select one:
a. Loss of state institutions' regulatory power.
b. Weakening of democratic control.
c. Increasing differences in national cultures and the acceptance of many different values and lifestyles.
d. All of the above.
e. None of the above.

Que 10) Which of the following factors could be seen as responsible for the perceived ineffectiveness of the ‘nexus of contracts' between the state and business?

Select one:
a. The state is no longer able to address the legitimate concerns put forward by the various stakeholders.
b. The complex and variable nature of modern society and the imperfections within the state apparatus together mean that the juridical and enforcement system is not always adequate to deal with such challenging characteristics.
c. The ability of the nation state system to regulate business activities, provide public good, and to avoid or compensate externalities is diminishing.
d. Since corporations operate globally, they have the option to choose between various legal systems.
e. A, B and D.
f. B, C and D.
g. All of the above.