Test Bank
Business And Society: Stakeholders, Ethics,
Public Policy, 17th Edition By Lawrence, Weber, All
Chapters 1 - 19
,Table Of Contents
Chapter 1: The Corporation And Its Stakeholders
Chapter 2: Managing Public Issues And Stakeholder Relationships Chapter 3:
Corporate Social Responsibility And Global Citizenship Chapter 4: Business In A
Globalized World
Chapter 5: Ethics And Ethical Reasoning Chapter 6:
Organizational Ethics
Chapter 7: Business–Government Relations Chapter 8:
Influencing The Political Environment
Chapter 9: Sustainable Development And Global Business Chapter 10:
Managing For Sustainability
Chapter 11: The Role Of Technology
Chapter 12: Regulating And Managing Technology
Chapter 13: Shareholder Rights And Corporate Governance Chapter 14:
Consumer Protection
Chapter 15: Employees And The Corporation Chapter 16:
Managing A Diverse Workforce Chapter 17: Business
And Its Suppliers
Chapter 18: The Community And The Corporation
Chapter 19: Managing The Public And The Corporate Reputation
,Chapter 1: The Corporation And Its Stakeholders
Answers Are At The End Of Each Chapter Student
Name:
True/False - Write 'T' If The Statement Is True And 'F' If The Statement Is False.
1) A Business Is Any Organization That Is Engaged In Making A Product Or Providing A Service ForA
Profit.
⊚ True
⊚ False
2) The Term Stakeholder Refers Exclusively To The Founders Of A Business Organization.
⊚ True
⊚ False
3) Businesses And Society Are Independent Of Each Other.
⊚ True
⊚ False
4) The Stakeholder Theory Of The Firm Argues That A Firm’s Sole Purpose Is To Create Long-
TermValue For Its Shareholders.
⊚ True
⊚ False
5) The Instrumental Argument For The Stakeholder Theory Of The Firm Says That
CompaniesPerform Better If They Consider The Rights And Concerns Of Multiple
Groups In Society.
⊚ True
⊚ False
6) The Normative Argument For The Stakeholder Theory Of The Firm Says That The Stakeholder
ViewIs Simply A More Realistic Description Of How Companies Really Work.
⊚ True
⊚ False
, 7) Nonmarket Stakeholders Are Those That Engage In Economic Transactions With The Company AsIt
Carries Out Its Primary Purpose Of Providing Society With Goods And Services.
⊚ True
⊚ False
8) Market Stakeholders Include Nongovernmental Organizations And Business Support Groups.
⊚ True
⊚ False
9) Government Can Be Considered Both A Market And A Nonmarket Stakeholder.
⊚ True
⊚ False
10) The Interests Of Different Stakeholders Often Coincide.
⊚ True
⊚ False
11) The First Step Of Stakeholder Analysis Is To Identify Relevant Stakeholders.
⊚ True
⊚ False
12) Some Scholars Have Suggested That Managers Pay The Most Attention To
StakeholdersPossessing The Least Salience.
⊚ True
⊚ False
13) The Organization Of A Corporation’s Boundary-Spanning Functions Is Complex.
⊚ True
⊚ False
14) Businesses Are Increasingly Trying To Meet Their Commitments To Multiple Stakeholders.
⊚ True
⊚ False
15) The External Environment Of Business Is Static.
⊚ True
⊚ False
Business And Society: Stakeholders, Ethics,
Public Policy, 17th Edition By Lawrence, Weber, All
Chapters 1 - 19
,Table Of Contents
Chapter 1: The Corporation And Its Stakeholders
Chapter 2: Managing Public Issues And Stakeholder Relationships Chapter 3:
Corporate Social Responsibility And Global Citizenship Chapter 4: Business In A
Globalized World
Chapter 5: Ethics And Ethical Reasoning Chapter 6:
Organizational Ethics
Chapter 7: Business–Government Relations Chapter 8:
Influencing The Political Environment
Chapter 9: Sustainable Development And Global Business Chapter 10:
Managing For Sustainability
Chapter 11: The Role Of Technology
Chapter 12: Regulating And Managing Technology
Chapter 13: Shareholder Rights And Corporate Governance Chapter 14:
Consumer Protection
Chapter 15: Employees And The Corporation Chapter 16:
Managing A Diverse Workforce Chapter 17: Business
And Its Suppliers
Chapter 18: The Community And The Corporation
Chapter 19: Managing The Public And The Corporate Reputation
,Chapter 1: The Corporation And Its Stakeholders
Answers Are At The End Of Each Chapter Student
Name:
True/False - Write 'T' If The Statement Is True And 'F' If The Statement Is False.
1) A Business Is Any Organization That Is Engaged In Making A Product Or Providing A Service ForA
Profit.
⊚ True
⊚ False
2) The Term Stakeholder Refers Exclusively To The Founders Of A Business Organization.
⊚ True
⊚ False
3) Businesses And Society Are Independent Of Each Other.
⊚ True
⊚ False
4) The Stakeholder Theory Of The Firm Argues That A Firm’s Sole Purpose Is To Create Long-
TermValue For Its Shareholders.
⊚ True
⊚ False
5) The Instrumental Argument For The Stakeholder Theory Of The Firm Says That
CompaniesPerform Better If They Consider The Rights And Concerns Of Multiple
Groups In Society.
⊚ True
⊚ False
6) The Normative Argument For The Stakeholder Theory Of The Firm Says That The Stakeholder
ViewIs Simply A More Realistic Description Of How Companies Really Work.
⊚ True
⊚ False
, 7) Nonmarket Stakeholders Are Those That Engage In Economic Transactions With The Company AsIt
Carries Out Its Primary Purpose Of Providing Society With Goods And Services.
⊚ True
⊚ False
8) Market Stakeholders Include Nongovernmental Organizations And Business Support Groups.
⊚ True
⊚ False
9) Government Can Be Considered Both A Market And A Nonmarket Stakeholder.
⊚ True
⊚ False
10) The Interests Of Different Stakeholders Often Coincide.
⊚ True
⊚ False
11) The First Step Of Stakeholder Analysis Is To Identify Relevant Stakeholders.
⊚ True
⊚ False
12) Some Scholars Have Suggested That Managers Pay The Most Attention To
StakeholdersPossessing The Least Salience.
⊚ True
⊚ False
13) The Organization Of A Corporation’s Boundary-Spanning Functions Is Complex.
⊚ True
⊚ False
14) Businesses Are Increasingly Trying To Meet Their Commitments To Multiple Stakeholders.
⊚ True
⊚ False
15) The External Environment Of Business Is Static.
⊚ True
⊚ False
