Internal Business Environment and Planning (VCE SSCE Business Management): Quizzes

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Corporate Social Responsibility Considerations
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What does Corporate Social Responsibility (CSR) mean for businesses?

Being socially accountable to stakeholders

What is the key principle of CSR regarding legal requirements?

Operate above minimum legal requirements

Which is one of the five key CSR areas to include in a business plan?

Environment and resource impacts

What is an environmental audit?

Systematic exam of business environmental impact

Which Act regulates marketing of products as 'environmentally friendly'?

Competition and Consumer Act 2010

What does ACCC advise businesses to avoid in environmental marketing?

Vague terms like 'safe' and 'friendly'

Why does ethical sourcing across the supply chain matter?

Protects business reputation

What should a CSR action plan include?

Measurable sustainability targets

Which is a potential benefit of adopting CSR practices?

Increased customer loyalty

What is a consequence of businesses ignoring CSR?

Reputation damage and financial losses

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