Exam 2: Stakeholder Relationships, Social Responsibility, and Corporate Governance

Which of the following is a major ethical concern among corporate boards of directors?

Ethics and social responsibility can be used interchangeably.

Which of the following industries tends to generate a high level of trust from consumers and stakeholders?

Which of the following describes the four levels of social responsibility?

The first of the three activities that are associated with the stakeholder orientation is the

Minimizing the use of energy and reducing emissions and waste are issues of importance to which stakeholder?

Why do some businesspeople and scholars question whether ethics should have a role in business?

The final step in implementing a stakeholder perspective is identifying stakeholders.​

Discuss the difference between primary and secondary stakeholders in the stakeholder interaction model and give examples for each type.

Stakeholders' power over businesses stems from their

When unethical acts are discovered in a firm, in most instances

A stakeholder group that is absolutely necessary for a firm's survival is defined as

Those who have a claim in some aspect of a firm's products, operations, markets, industry, and outcomes are known as

The _____ model is founded in classic economic precepts.

Public health and safety and support of local organizations are issues most relevant to which stakeholder group?

The board of directors' fiduciary duty to a company means they have assumed a position of trust and confidence that entails certain responsibilities.​

The originator of the idea of the invisible hand, which is a fundamental concept in free market capitalism, was

What is the first step in implementing a stakeholder perspective in an organization?

In corporate governance, _____ is the process of auditing and improving organizational decisions and actions.

Government regulators are a secondary stakeholder. ​