Questions 1-7
The reading passage has seven paragraphs, A - G
Choose the correct heading for paragraphs A - G from the list below.
Write the correct number, i-xi, in boxes 1-7 on your answer sheet.
List of Headings
- How CSR could help in a company's growth
- CSR in many aspects of a business's operations
- A CSR project that has no profit goal
- Lack of state action on social concerns.
- Factors that encourage or compel businesses to engage in CSR
- The past demonstrates businesses' responsibility for future results.
- Companies who engage in CSR should be selective.
- Reasons for the mutual benefits of business and society
Que. No.
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Paragraph
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Headings
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1
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Paragraph 1
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2
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Paragraph 2
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3
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Paragraph 3
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4
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Paragraph 4
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5
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Paragraph 5
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6
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Paragraph 6
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7
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Paragraph 7
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Questions 8-9
Complete the following summary of the reading passage's paragraphs, using no more than two words from the passage for each response.
Write your answers in boxes 8-9 on your answer sheet.
How is CSR being implemented?
The promotion of CSR requires a knowledge of the relationship between business and society. The productivity of corporate workers requires access to healthcare, education, and 8_____. Both the government and companies apply restrictions to protect customers from unfair treatment. Improving safety standards can prevent 9______ workplace accidents. In the same way, society grows to include a wider range of human needs.
Questions 10-13
Use the information in the passage to match the companies (listed A-C) with opinions or deeds below.
Write the appropriate letters A, B, or C in boxes 10-13 on your answer sheet.
List of companies
- General Electronics
- Microsoft
- Whole Foods Market
Que. No.
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Opinions
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Companies
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10
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The disposable waste
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11
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The way a company purchases goods
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12
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Helping the undeveloped
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13
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ensuring the people have the latest information
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Corporate Social Responsibility Reading Answers and Explanations
- Answer: V. Factors that encourage or compel businesses to engage in CSR
Reference:
Paragraph A: Governments, communities, and many others must agree for any business to operate. They must do so implicitly or explicitly. Lastly, many businesses use their reputation to defend their CSR initiatives. They do this because they improve a company's reputation. It also strengthens its brand, raises employee morale, and boosts its stock price.
Explanation:
The given excerpt explains the significance of corporate social responsibility. The government and other social pressures, as stated above, drive firms to address corporate social responsibility. Addressing CSR has become a matter of reputation and survival for a company. Hence, the title Factors that encourage or compel businesses to engage in CSR matches paragraph A.
- Answer: VIII. Reasons for the mutual benefits of business and society
Reference:
Paragraph B: It may seem cliché. But, businesses and society being interdependent is a key reality. This truth might help companies escape the crisis. The crisis was caused by their current sense of corporate responsibility.
Explanation:
According to the mentioned lines, companies and societies are extremely interdependent. A thriving economy is necessary for any business to succeed, and a healthy society is essential for any economy to expand. So, the title Reasons for the Mutual Benefits of Business and Society matches paragraph B.
- Answer: VI. The past demonstrates businesses' responsibility for future results.
Reference:
Paragraph C: Businesses can't track the current, obvious implications. Without a system to find the most important future social impacts, companies face great risks.
Explanation:
According to the mentioned lines, corporate social responsibility entails more than just emphasizing current social and ethical values. It is also critical to consider the future consequences of firm policy. So, the title The Past Demonstrates Businesses' Responsibility for Future Results matches paragraph C.
- Answer: VII. Companies that engage in CSR should be selective.
Reference:
Paragraph D: No company has the resources to deal with each issue faced by society or to cover the expenses associated. Rather, every company needs to choose issues that are related to its industry. Other social goals should be left to firms in other industries, NGOs, or government.
Explanation:
company should prioritize the issues that have the greatest impact on its operations. Other businesses and governmental and non-governmental organizations should handle the other issues. So, title companies Companies who engage in CSR should be selective matches paragraph D.
- Answer: III. A CSR project that has no profit goal
Reference:
Paragraph E: Over five years, the corporation gives each school $250,000 to $1,000,000. They give the money as cash and in-kind donations… The program has benefits. But, it is not key to the business and has a small impact on GE's hiring and retention.
Explanation:
According to the passage, GE's initiative to promote underdeveloped public high schools has major implications for increasing educational quality in the institutions. However, the organization does not benefit financially from it significantly. So, the title A CSR project that has no profit goal matches paragraph E.
- Answer: I. How CSR could help in a company's growth
Reference:
Paragraph F: The Microsoft and American Association of Community Colleges (AACC) Working Connections relationship is a great example. It shows the value of shared investments.
Explanation:
The passage states that collaborative efforts among businesses can promote business success. The relationship between Microsoft and the American Association of Community Colleges (AACC) is the example given here. So, the title How CSR Could Help in a Company's Growth matches paragraph F.
- Answer: II. CSR in many aspects of a business's operations
Reference:
Paragraph G: Whole Foods is committed to natural and environmentally friendly business practices. This commitment goes far beyond sourcing. The least amount of virgin materials is used in the construction of stores… Almost every link in the company's value chain boosts its social value. This sets Whole Foods apart from competitors.
Explanation:
The passage's last paragraph states that Whole Foods is an excellent example of a corporation that has integrated CSR into numerous aspects of its business. Whole Foods uses renewable energy sources for its use in addition to relying on domestic producers for its stock. So, the title CSR in many aspects of a business's operations matches with paragraph G.
- Answer: Fair Opportunity
Reference:
From paragraph B: A healthy society is necessary for an economy that prospers. Fair opportunity, health care, and education are essential elements of a productive workforce.
Explanation:
The passage emphasizes the importance of providing adequate education, healthcare, and fair opportunities for all individuals in the corporate sector. This has a direct effect on the company's production quality.
- Answer: Internal costs
Reference:
From paragraph B: Safe products and workplaces attract customers. They also cut internal accident costs.
Explanation:
According to the passage, providing safe goods and a safe working environment is essential for any firm to reduce internal accident costs.
- Answer: C – Whole Foods Market
Reference:
From paragraph G: Produce spoilage and biodegradable waste are sent by truck to local composting facilities. Whole Foods is converting its vehicles to run on biofuels.
Explanation:
According to the lines above, Whole Foods Market generates disposable waste. After that, these biodegradable waste materials are sent for composting. Thus, the "disposable waste" option matches with Whole Foods Market.
- Answer: C – Whole Foods Market
Reference:
From paragraph G: Think about Whole Foods Market. Its mission is to serve health-conscious consumers with natural, organic, and nutritious food. The organization's sourcing approach gives priority to local farmers. They do this in each store's buying procedure.
Explanation:
The final paragraph of the passage describes Whole Foods Market's CSR procedures. One of its health initiatives is how it purchases items. It prioritizes local farmers and other producers when purchasing goods.
- Answer: A – General Electronics
Reference:
From paragraph E: One such instance is GE's initiative. They adopt underperforming public high schools near its main U.S. companies. Over five years, the corporation gives each school $250,000 to $1,000,000. They give the money as cash and in-kind donations. GE managers and staff assess students' needs. They offer mentoring or tutoring. They are involved in the educational system by collaborating with authorities.
Explanation:
The passage states that General Electronics helps in identifying and developing students who require guidance. It prioritizes student's needs by collaborating with underperforming high schools.
- Answer: B – Microsoft
Reference:
From paragraph F: The Microsoft and American Association of Community Colleges (AACC) Working Connections relationship is a great example. It shows the value of shared investments… Microsoft has made achievements. They have directly helped many communities and may have greatly affected the company.
Explanation:
The paragraph states that both Microsoft and the American Association of Community Colleges (AACC) benefited from their common relationship. Although Microsoft monitors the school's academic standards, it supplies the company with an extensive workforce.