Question 1

Until the early 1950s, corporations were legally required to follow the shareholder model.

Accepted Answer

True

Question 2

Many Fortune 500 companies practice the stakeholder model.

Accepted Answer

True

Question 3

Corporations are legally required to &#34;do good deeds.&#34;

Accepted Answer

False

Question 4

Corporations are owned by stakeholders.

Accepted Answer

The answer of Corporations are owned by stakeholders....

Question 5

Paying dividends reflects the _____ viewpoint.&#10;A)shareholder&#10;B)direct stakeholder&#10;C)indirect stakeholder&#10;D)philanthropy

Accepted Answer

The answer of Paying dividends reflects the _____ viewpoint.&#10;A)shareholder&#10;B)direct stakeholder&#10;C)indirect...

Question 6

In the 1919 lawsuit discussed in the chapter, the Dodge Brothers were&#10;A)customers.&#10;B)stockholders.&#10;C)corporate owners.&#10;D)representatives of a charitable organization.

Accepted Answer

The answer of In the 1919 lawsuit discussed in the...

Question 7

New Start Pictures is a small, independent film company. Which is a direct stakeholder in the company?&#10;A)its creative director&#10;B)the production staff&#10;C)the company that distributes its movies&#10;D)all of the above

Accepted Answer

The answer of New Start Pictures is a small, independent...

Question 8

After World War II, laws were revised so that U.S. corporations could&#10;A)increase their profits.&#10;B)get more business.&#10;C)play a larger role in society.&#10;D)favor their owners.

Accepted Answer

The answer of After World War II, laws were revised...

Question 9

In a true ethical dilemma, a company considers an action that will not increase the stockholders' return in any certain or measurable way.

Accepted Answer

The answer of In a true ethical dilemma, a company...

Question 10

Unless you have investments, the stock market has little impact on your life.

Accepted Answer

The answer of Unless you have investments, the stock market...

Question 11

Milton Friedman was an advocate of&#10;A)the stakeholder model.&#10;B)the shareholder model.&#10;C)corporate philanthropy.&#10;D)economics.

Accepted Answer

The answer of Milton Friedman was an advocate of&#10;A)the stakeholder...

Question 12

Milton Friedman argued that since stockholders have invested money in a company, their interests should be given preference over those of others.

Accepted Answer

The answer of Milton Friedman argued that since stockholders have...

Question 13

Match between columns&#10;                        Premises: A financial instrument sold to raise capital for a corporation&#10;A financial instrument sold to raise capital for a corporation&#10;A financial instrument sold to raise capital for a corporation&#10;A financial instrument sold to raise capital for a corporation&#10;A financial instrument sold to raise capital for a corporation&#10;A financial instrument sold to raise capital for a corporation&#10;A financial instrument sold to raise capital for a corporation&#10;A financial instrument sold to raise capital for a corporation&#10;A business practice that favors increasing shareholder wealth over all other objectives&#10;A business practice that favors increasing shareholder wealth over all other objectives&#10;A business practice that favors increasing shareholder wealth over all other objectives&#10;A business practice that favors increasing shareholder wealth over all other objectives&#10;A business practice that favors increasing shareholder wealth over all other objectives&#10;A business practice that favors increasing shareholder wealth over all other objectives&#10;A business practice that favors increasing shareholder wealth over all other objectives&#10;A business practice that favors increasing shareholder wealth over all other objectives&#10;The number of employees a business must hire to replace workers who have left the company&#10;The number of employees a business must hire to replace workers who have left the company&#10;The number of employees a business must hire to replace workers who have left the company&#10;The number of employees a business must hire to replace workers who have left the company&#10;The number of employees a business must hire to replace workers who have left the company&#10;The number of employees a business must hire to replace workers who have left the company&#10;The number of employees a business must hire to replace workers who have left the company&#10;The number of employees a business must hire to replace workers who have left the company&#10;The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business&#10;The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business&#10;The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business&#10;The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business&#10;The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business&#10;The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business&#10;The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business&#10;The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business&#10;Efforts to improve the well-being of others through charitable donations&#10;Efforts to improve the well-being of others through charitable donations&#10;Efforts to improve the well-being of others through charitable donations&#10;Efforts to improve the well-being of others through charitable donations&#10;Efforts to improve the well-being of others through charitable donations&#10;Efforts to improve the well-being of others through charitable donations&#10;Efforts to improve the well-being of others through charitable donations&#10;Efforts to improve the well-being of others through charitable donations&#10;A business that provides a service or commodity that other businesses require&#10;A business that provides a service or commodity that other businesses require&#10;A business that provides a service or commodity that other businesses require&#10;A business that provides a service or commodity that other businesses require&#10;A business that provides a service or commodity that other businesses require&#10;A business that provides a service or commodity that other businesses require&#10;A business that provides a service or commodity that other businesses require&#10;A business that provides a service or commodity that other businesses require&#10;The theory that a company's only obligation is to try to make as much money as possible for its investors and owners&#10;The theory that a company's only obligation is to try to make as much money as possible for its investors and owners&#10;The theory that a company's only obligation is to try to make as much money as possible for its investors and owners&#10;The theory that a company's only obligation is to try to make as much money as possible for its investors and owners&#10;The theory that a company's only obligation is to try to make as much money as possible for its investors and owners&#10;The theory that a company's only obligation is to try to make as much money as possible for its investors and owners&#10;The theory that a company's only obligation is to try to make as much money as possible for its investors and owners&#10;The theory that a company's only obligation is to try to make as much money as possible for its investors and owners&#10;A business that sells a product manufactured by others to retailers&#10;A business that sells a product manufactured by others to retailers&#10;A business that sells a product manufactured by others to retailers&#10;A business that sells a product manufactured by others to retailers&#10;A business that sells a product manufactured by others to retailers&#10;A business that sells a product manufactured by others to retailers&#10;A business that sells a product manufactured by others to retailers&#10;A business that sells a product manufactured by others to retailers

Accepted Answer

The Answer of stakeholder model and distributor and philanthropy and is...

Question 14

A company's stakeholders include its stockholders.

Accepted Answer

The answer of A company's stakeholders include its stockholders....

Question 15

An example of corporate philanthropy is&#10;A)increasing the wages of lower-level employees.&#10;B)increasing the salaries of upper-level management.&#10;C)sponsoring a local theater company.&#10;D)all of the above

Accepted Answer

The answer of An example of corporate philanthropy is&#10;A)increasing the...

Question 16

Which is not an example of an indirect stakeholder?&#10;A)a community&#10;B)society&#10;C)the environment&#10;D)All of the above are indirect stakeholders.

Accepted Answer

The answer of Which is not an example of an...

Question 17

A fundamental question in business ethics is, What is the purpose of a corporation supposed to be?

Accepted Answer

The answer of A fundamental question in business ethics is,...

Question 18

A CEO who believes the company should maximize profits at all costs is following the stakeholder model.

Accepted Answer

The answer of A CEO who believes the company should...

Deck 4: Shareholder Theory and Stakeholder Theory