Question 1

Departments, or offices, within an organization that reach across the dividing line that separated the company from groups and people in society are:

Accepted Answer

A)  Inter-departmental divisions. 
B)  Geographical location areas. 
C)  Boundary-spanning departments. 
D)  Organizational maps. 
A)  Inter-departmental divisions. 
B)  Geographical location areas. 
C)  Boundary-spanning departments. 
D)  Organizational maps. C

Question 2

Stakeholders stand out to managers when they exhibit:

Accepted Answer

A)  Integrity, power, and legitimacy. 
B)  Power, legitimacy, and urgency. 
C)  Integrity, loyalty, and power. 
D)  Legitimacy, loyalty, and urgency. 
A)  Integrity, power, and legitimacy. 
B)  Power, legitimacy, and urgency. 
C)  Integrity, loyalty, and power. 
D)  Legitimacy, loyalty, and urgency. B

Question 3

The interests of different stakeholders often coincide.

Accepted Answer

A) True 
 B)False  True

Question 4

Nonmarket stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services.

Accepted Answer

A) True 
 B)False

Question 5

Which argument says that stakeholder management realistically depicts how companies really work?

Accepted Answer

A)  Descriptive argument. 
B)  Instrumental argument. 
C)  Normative argument. 
D)  Fiduciary argument. 
A)  Descriptive argument. 
B)  Instrumental argument. 
C)  Normative argument. 
D)  Fiduciary argument.

Question 6

The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its shareholders.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is (are) correct about stakeholder' power?

Accepted Answer

A)  Different stakeholders have different types and degrees of power. 
B)  Stockholders' voting power is limited to the percentage of stock owned by the stockholder. 
C)  It uses resources to achieve a desired decision or outcome. 
D)  All of the above. 
A)  Different stakeholders have different types and degrees of power. 
B)  Stockholders' voting power is limited to the percentage of stock owned by the stockholder. 
C)  It uses resources to achieve a desired decision or outcome. 
D)  All of the above.

Question 8

The four types of stakeholders' power recognized by most experts are:

Accepted Answer

A)  Voting, economic, political, and legal power. 
B)  Social, legal, environmental, and political power. 
C)  Social, regulatory, voting, and media power. 
D)  Economic, media, legal, and political power. 
A)  Voting, economic, political, and legal power. 
B)  Social, legal, environmental, and political power. 
C)  Social, regulatory, voting, and media power. 
D)  Economic, media, legal, and political power.

Question 9

Stakeholders involved with one part of a company often may have little or no involvement with another part of the company.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following statements is not true about the interactive social system?

Accepted Answer

A)  Business and society need, as well as influence, each other. 
B)  The boundary between business and society is clear and distinct. 
C)  Business is a part of society, and society penetrates far and often into the business. 
D)  Business and society are both separate and connected. 
A)  Business and society need, as well as influence, each other. 
B)  The boundary between business and society is clear and distinct. 
C)  Business is a part of society, and society penetrates far and often into the business. 
D)  Business and society are both separate and connected.

Question 11

Customers can exercise economic stakeholder power by:

Accepted Answer

A)  Voting on a proposed merger for the company and a competitor. 
B)  Boycotting products if they believe the goods are too expensive. 
C)  Attending the company's annual meeting. 
D)  Applying for a job with the company. 
A)  Voting on a proposed merger for the company and a competitor. 
B)  Boycotting products if they believe the goods are too expensive. 
C)  Attending the company's annual meeting. 
D)  Applying for a job with the company.

Question 12

A number of European countries require public companies to include employee members on their boards of directors, so:

Accepted Answer

A)  The employees are available to answer questions. 
B)  Management does not have to attend the meetings. 
C)  That their interests will be explicitly represented. 
D)  They have more power than any other stakeholder. 
A)  The employees are available to answer questions. 
B)  Management does not have to attend the meetings. 
C)  That their interests will be explicitly represented. 
D)  They have more power than any other stakeholder.

Question 13

Which of the following examples best illustrates the boundary exchanges a company would encounter according to the general systems theory?

Accepted Answer

A)  An industrial company installs new equipment in its plant to comply with environmental regulations. 
B)  A software company develops an application for a client. 
C)  A purchasing department employee negotiates a price on parts from a supplier. 
D)  All of the above. 
A)  An industrial company installs new equipment in its plant to comply with environmental regulations. 
B)  A software company develops an application for a client. 
C)  A purchasing department employee negotiates a price on parts from a supplier. 
D)  All of the above.

Question 14

A stakeholder map is a useful tool, because it enables managers to see quickly how stakeholders feel about an issue and whether salient stakeholder tend to be in favor or opposed.

Accepted Answer

A) True 
 B)False

Question 15

Describe and give examples of the external forces that shape the relationship between business and society.

Accepted Answer

The relationship between business and so

Question 16

A stakeholder analysis:

Accepted Answer

A)  Creates equality among all stakeholder interests. 
B)  Allows managers to examine two primary questions. 
C)  Involves understanding the nature of stakeholder interests. 
D)  All of the above. 
A)  Creates equality among all stakeholder interests. 
B)  Allows managers to examine two primary questions. 
C)  Involves understanding the nature of stakeholder interests. 
D)  All of the above.

Question 17

What kind of power might a local community use to influence a company's decisions?

Accepted Answer

A)  Publicizing an issue. 
B)  Lobbying government policy makers for regulations. 
C)  Challenging whether a business activity should continue to operate. 
D)  All of the above. 
A)  Publicizing an issue. 
B)  Lobbying government policy makers for regulations. 
C)  Challenging whether a business activity should continue to operate. 
D)  All of the above.

Question 18

Which of the following is not considered to be a nonmarket stakeholder?

Accepted Answer

A)  Government agencies. 
B)  The natural environment. 
C)  Activist groups. 
D)  Non-governmental organizations. 
A)  Government agencies. 
B)  The natural environment. 
C)  Activist groups. 
D)  Non-governmental organizations.

Question 19

Market stakeholders include nongovernmental organizations and the media.

Accepted Answer

A) True 
 B)False

Question 20

A successful business must meet its:

Accepted Answer

A)  Economic objectives. 
B)  Social objectives. 
C)  Economic and social objectives. 
D)  Top executives' expectations. 
A)  Economic objectives. 
B)  Social objectives. 
C)  Economic and social objectives. 
D)  Top executives' expectations.

Departments, or offices, within an organization that reach across the dividing line that separated the company from groups and people in society are:

Stakeholders stand out to managers when they exhibit:

The interests of different stakeholders often coincide.

Nonmarket stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services.

Which argument says that stakeholder management realistically depicts how companies really work?

The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its shareholders.

Which of the following statements is (are) correct about stakeholder' power?

The four types of stakeholders' power recognized by most experts are:

Stakeholders involved with one part of a company often may have little or no involvement with another part of the company.

Which of the following statements is not true about the interactive social system?

Customers can exercise economic stakeholder power by:

A number of European countries require public companies to include employee members on their boards of directors, so:

Which of the following examples best illustrates the boundary exchanges a company would encounter according to the general systems theory?

A stakeholder map is a useful tool, because it enables managers to see quickly how stakeholders feel about an issue and whether salient stakeholder tend to be in favor or opposed.

Describe and give examples of the external forces that shape the relationship between business and society.

A stakeholder analysis:

What kind of power might a local community use to influence a company's decisions?

Which of the following is not considered to be a nonmarket stakeholder?

Market stakeholders include nongovernmental organizations and the media.

A successful business must meet its:

Managing Public Issues and Stakeholder Relationships

Corporate Social Responsibility

Ethics and Ethical Reasoning

Organizational Ethics and the Law

The Challenges of Globalization

Global Corporate Citizenship

Business-Government Relations

Influencing the Political Environment

Ecology and Sustainable Development in Global Business

Managing Environmental Issues

Technology, Organizations, and Society

Managing Technology and Innovation

Stockholder Rights and Corporate Governance

Consumer Protection

Employees and the Corporation

Managing a Diverse Workforce

The Community and the Corporation

Managing Public Relations

Filters

Exam 1: The Corporation and Its Stakeholders

Departments, or offices, within an organization that reach across the dividing line that separated the company from groups and people in society are:

Stakeholders stand out to managers when they exhibit:

The interests of different stakeholders often coincide.

Nonmarket stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services.

Which argument says that stakeholder management realistically depicts how companies really work?

The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its shareholders.

Which of the following statements is (are) correct about stakeholder' power?

The four types of stakeholders' power recognized by most experts are:

Stakeholders involved with one part of a company often may have little or no involvement with another part of the company.

Which of the following statements is not true about the interactive social system?

Customers can exercise economic stakeholder power by:

A number of European countries require public companies to include employee members on their boards of directors, so:

Which of the following examples best illustrates the boundary exchanges a company would encounter according to the general systems theory?

A stakeholder map is a useful tool, because it enables managers to see quickly how stakeholders feel about an issue and whether salient stakeholder tend to be in favor or opposed.

Describe and give examples of the external forces that shape the relationship between business and society.

A stakeholder analysis:

What kind of power might a local community use to influence a company's decisions?

Which of the following is not considered to be a nonmarket stakeholder?

Market stakeholders include nongovernmental organizations and the media.

A successful business must meet its:

Managing Public Issues and Stakeholder Relationships

Corporate Social Responsibility

Ethics and Ethical Reasoning

Organizational Ethics and the Law

The Challenges of Globalization

Global Corporate Citizenship

Business-Government Relations

Influencing the Political Environment

Ecology and Sustainable Development in Global Business

Managing Environmental Issues

Technology, Organizations, and Society

Managing Technology and Innovation

Stockholder Rights and Corporate Governance

Consumer Protection

Employees and the Corporation

Managing a Diverse Workforce

The Community and the Corporation

Managing Public Relations

Filters