Module 8, Lesson 1 Short Answer Assessment Questions 2016 Page & Johnson Legacy Scholar Grant Nur Uysal, Ph.D. Short Answer: Please provide a one to two paragraph answer to the following questions: 1. Why do firms exist? What value do businesses serve for society? 2. Define ‘corporate social responsibility.’ What arguments in favor of CSR seem most important to you? 3. Name the four ‘responsibilities’ of a firm outlined in Archie Carroll’s “Pyramid of CSR” model. Illustrate your definitions of each level with corporate examples. 4. Milton Friedman argued: “Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.” Give two arguments in support of his assertion and two against. 5. Define and discuss briefly the primary moral, rational, and economic arguments for CSR?