TEST BANK FOR
x x
Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne Lawren
x x x x x x x x x x x
ce
Chapter 1- x
19 Answers are at the end of Each chapter Chapter 1
x x x x x x x x x x
Student name:
x
TRUE/FALSEx-xWritex'T'xifxthexstatementxisxtruexandx'F'xifxthexstatementxisxfalse.
1) Axbusinessxisxanyxorganizationxthatxisxengagedxinxmakingxaxproductxorxprovidingxaxservicexforxa
xprofit.
⊚x true
⊚x false
2) Thextermxstakeholderxrefersxexclusivelyxtoxthexfoundersxofxaxbusinessxorganization.
⊚x true
⊚x false
3) Businessesxandxsocietyxarexindependentxofxeachxother.
⊚x true
⊚x false
4) Thexstakeholderxtheoryxofxthexfirmxarguesxthatxaxfirm’sxsolexpurposexisxtoxcreatexlong-
termxvaluexforxitsxshareholders.
⊚x true
⊚x false
5) Thexinstrumentalxargumentxforxthexstakeholderxtheoryxofxthexfirmxsaysxthatxcompaniesx
performxbetterxifxtheyxconsiderxthexrightsxandxconcernsxofxmultiplexgroupsxinxsociety.
⊚x true
⊚x false
6) Thexnormativexargumentxforxthexstakeholderxtheoryxofxthexfirmxsaysxthatxthexstakeholderxviewxi
sxsimplyxaxmorexrealisticxdescriptionxofxhowxcompaniesxreallyxwork.
⊚x true
⊚x false
,7) Nonmarketxstakeholdersxarexthosexthatxengagexinxeconomicxtransactionsxwithxthexcompanyxasxi
txcarriesxoutxitsxprimaryxpurposexofxprovidingxsocietyxwithxgoodsxandxservices.
⊚x true
⊚x false
8) Marketxstakeholdersxincludexnongovernmentalxorganizationsxandxbusinessxsupportxgroups.
⊚x true
⊚x false
9) Governmentxcanxbexconsideredxbothxaxmarketxandxaxnonmarketxstakeholder.
⊚x true
⊚x false
10) Thexinterestsxofxdifferentxstakeholdersxoftenxcoincide.
⊚x true
⊚x false
11) Thexfirstxstepxofxstakeholderxanalysisxisxtoxidentifyxrelevantxstakeholders.
⊚x true
⊚x false
12) Somexscholarsxhavexsuggestedxthatxmanagersxpayxthexmostxattentionxtoxstakeholdersx
possessingxthexleastxsalience.
⊚x true
⊚x false
13) Thexorganizationxofxaxcorporation’sxboundary-spanningxfunctionsxisxcomplex.
⊚x true
⊚x false
14) Businessesxarexincreasinglyxtryingxtoxmeetxtheirxcommitmentsxtoxmultiplexstakeholders.
⊚x true
⊚x false
15) Thexexternalxenvironmentxofxbusinessxisxstatic.
⊚x true
⊚x false
,MULTIPLExCHOICEx-
xChoosexthexonexalternative xthatxbestxcompletes xthexstatementxorxanswers xthexquestion.
16) Thexrelationshipxbetweenxbusinessxandxsocietyxisxmostxaccuratelyxdescribedxbyxwhichxs
tatement?
A) Businessxisxanxunboundedxentityxwithinxthexlargerxboundedxentityxofxsociety.
B) Societyxisxaxdistinctxboundedxentityxwithinxthexlargerxboundedxentityxofxbusiness.
C) Businessxisxaxdistinctxboundedxentityxseparatexfromxthexboundedxentityxofxsociety.
D) Businessxisxaxdistinctxboundedxentityxwithinxthexlargerxboundedxentityxofxsociety.
17) Accordingxtoxgeneralxsystemsxtheory,xboundaryxexchangesxarexexemplifiedxbyxwhichxofxthexf
ollowing?
A) Anxindustrialxcompanyxinstallsxnewxequipmentxinxitsxplantxtoxcomplyxwithx
environmentalxregulations.
B) Axsoftwarexcompanyxdevelopsxanxapplicationxforxaxclient.
C) Axpurchasingxdepartmentxemployeexnegotiatesxaxpricexonxpartsxwithxaxsupplier.
D) Allxofxthesexchoicesxarexcorrect.
18) Thexinseparablexrelationshipxbetweenxbusinessxandxsocietyxresultsxinxwhichxofxthexfollowing?
A) Allxbusinessxdecisionsxhavexaxsocialximpact.
B) Thexvitalityxofxbusinessxdependsxonxsociety'sxactionsxandxattitudes.
C) Thexsurvivalxofxbusinessxisxindependentxofxsociety.
D) Bothx“Allxbusinessxdecisionsxhavexaxsocialximpact”xandx“Thexvitalityxofxbusinessx
dependsxonxsociety’sxactionsxandxattitudes”xarexcorrect.
19) Whichxofxthexfollowingxstatementsxisxnotxtruexaboutxthexinteractivexsocialxsystem?
A) Businessxandxsocietyxneed,xasxwellxasxinfluence,xeachxother.
B) Thexboundaryxbetweenxbusinessxandxsocietyxisxclearxandxdistinct.
C) Businessxisxaxpartxofxsociety,xandxsocietyxpenetratesxfarxandxoftenxintoxbusiness.
D) Businessxandxsocietyxarexbothxseparatexandxconnected.
20) Axfirmxsubscribingxtoxthexshareholderxtheoryxofxthexfirmxwouldxmainlyxbexconcernedxwithxp
rovidingxlong-termxvaluexforxits
A) investors.
B) customers.
C) boardxofxDirectors.
D) community.
, 21) Corporationsxthatxfollowxthexstakeholderxtheoryxofxthexfirmxcreatexvaluexby
A) constantlyxinnovatingxnewxproducts.
B) increasingxtheirxstockxprice.
C) developingxtheirxemployees’xskills.
D) Allxofxthesexchoicesxarexcorrect.
22) Whichxargumentxsaysxthatxstakeholderxmanagementxrealisticallyxdepictsxhowxcompaniesxr
eallyxwork?
A) descriptivexargument
B) instrumentalxargument
C) normativexargument
D) fiduciaryxargument
23) Thexinstrumentalxargumentxstatesxthatxstakeholderxmanagementxis
A) axmorexrealisticxdescriptionxofxhowxcompaniesxreallyxwork.
B) morexeffectivexasxaxcorporatexstrategy.
C) simplyxthexrightxthingxtoxdo.
D) determinedxbyxthexamountxofxstockxissued.
24) Thexfiduciaryxdutyxofxmanagersxbenefitsxaxfirm's
A) shareholders.
B) customers.
C) employees.
D) Allxofxthesexchoicesxarexcorrect.
25) ThexmainxreasonxaxnumberxofxEuropeanxcountriesxrequirexpublicxcompaniesxtoxincludexe
mployeexmembersxonxtheirxboardsxofxdirectorsxisxthat
A) thexemployeesxwillxbexavailablextoxanswerxotherxboardxmembers'xquestions.
B) managementxwillxnotxhavextoxattendxthexmeetings.
C) employees'xinterestsxwillxbexexplicitlyxrepresented.
D) employeesxwillxhavexmorexpowerxthanxanyxotherxstakeholder.
26) Stakeholderxgroupsxcanxinclude
A) shareholders.
B) businessxsupportxgroups.
C) environmentalxactivists.
D) Allxofxthesexchoicesxarexcorrect.
x x
Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne Lawren
x x x x x x x x x x x
ce
Chapter 1- x
19 Answers are at the end of Each chapter Chapter 1
x x x x x x x x x x
Student name:
x
TRUE/FALSEx-xWritex'T'xifxthexstatementxisxtruexandx'F'xifxthexstatementxisxfalse.
1) Axbusinessxisxanyxorganizationxthatxisxengagedxinxmakingxaxproductxorxprovidingxaxservicexforxa
xprofit.
⊚x true
⊚x false
2) Thextermxstakeholderxrefersxexclusivelyxtoxthexfoundersxofxaxbusinessxorganization.
⊚x true
⊚x false
3) Businessesxandxsocietyxarexindependentxofxeachxother.
⊚x true
⊚x false
4) Thexstakeholderxtheoryxofxthexfirmxarguesxthatxaxfirm’sxsolexpurposexisxtoxcreatexlong-
termxvaluexforxitsxshareholders.
⊚x true
⊚x false
5) Thexinstrumentalxargumentxforxthexstakeholderxtheoryxofxthexfirmxsaysxthatxcompaniesx
performxbetterxifxtheyxconsiderxthexrightsxandxconcernsxofxmultiplexgroupsxinxsociety.
⊚x true
⊚x false
6) Thexnormativexargumentxforxthexstakeholderxtheoryxofxthexfirmxsaysxthatxthexstakeholderxviewxi
sxsimplyxaxmorexrealisticxdescriptionxofxhowxcompaniesxreallyxwork.
⊚x true
⊚x false
,7) Nonmarketxstakeholdersxarexthosexthatxengagexinxeconomicxtransactionsxwithxthexcompanyxasxi
txcarriesxoutxitsxprimaryxpurposexofxprovidingxsocietyxwithxgoodsxandxservices.
⊚x true
⊚x false
8) Marketxstakeholdersxincludexnongovernmentalxorganizationsxandxbusinessxsupportxgroups.
⊚x true
⊚x false
9) Governmentxcanxbexconsideredxbothxaxmarketxandxaxnonmarketxstakeholder.
⊚x true
⊚x false
10) Thexinterestsxofxdifferentxstakeholdersxoftenxcoincide.
⊚x true
⊚x false
11) Thexfirstxstepxofxstakeholderxanalysisxisxtoxidentifyxrelevantxstakeholders.
⊚x true
⊚x false
12) Somexscholarsxhavexsuggestedxthatxmanagersxpayxthexmostxattentionxtoxstakeholdersx
possessingxthexleastxsalience.
⊚x true
⊚x false
13) Thexorganizationxofxaxcorporation’sxboundary-spanningxfunctionsxisxcomplex.
⊚x true
⊚x false
14) Businessesxarexincreasinglyxtryingxtoxmeetxtheirxcommitmentsxtoxmultiplexstakeholders.
⊚x true
⊚x false
15) Thexexternalxenvironmentxofxbusinessxisxstatic.
⊚x true
⊚x false
,MULTIPLExCHOICEx-
xChoosexthexonexalternative xthatxbestxcompletes xthexstatementxorxanswers xthexquestion.
16) Thexrelationshipxbetweenxbusinessxandxsocietyxisxmostxaccuratelyxdescribedxbyxwhichxs
tatement?
A) Businessxisxanxunboundedxentityxwithinxthexlargerxboundedxentityxofxsociety.
B) Societyxisxaxdistinctxboundedxentityxwithinxthexlargerxboundedxentityxofxbusiness.
C) Businessxisxaxdistinctxboundedxentityxseparatexfromxthexboundedxentityxofxsociety.
D) Businessxisxaxdistinctxboundedxentityxwithinxthexlargerxboundedxentityxofxsociety.
17) Accordingxtoxgeneralxsystemsxtheory,xboundaryxexchangesxarexexemplifiedxbyxwhichxofxthexf
ollowing?
A) Anxindustrialxcompanyxinstallsxnewxequipmentxinxitsxplantxtoxcomplyxwithx
environmentalxregulations.
B) Axsoftwarexcompanyxdevelopsxanxapplicationxforxaxclient.
C) Axpurchasingxdepartmentxemployeexnegotiatesxaxpricexonxpartsxwithxaxsupplier.
D) Allxofxthesexchoicesxarexcorrect.
18) Thexinseparablexrelationshipxbetweenxbusinessxandxsocietyxresultsxinxwhichxofxthexfollowing?
A) Allxbusinessxdecisionsxhavexaxsocialximpact.
B) Thexvitalityxofxbusinessxdependsxonxsociety'sxactionsxandxattitudes.
C) Thexsurvivalxofxbusinessxisxindependentxofxsociety.
D) Bothx“Allxbusinessxdecisionsxhavexaxsocialximpact”xandx“Thexvitalityxofxbusinessx
dependsxonxsociety’sxactionsxandxattitudes”xarexcorrect.
19) Whichxofxthexfollowingxstatementsxisxnotxtruexaboutxthexinteractivexsocialxsystem?
A) Businessxandxsocietyxneed,xasxwellxasxinfluence,xeachxother.
B) Thexboundaryxbetweenxbusinessxandxsocietyxisxclearxandxdistinct.
C) Businessxisxaxpartxofxsociety,xandxsocietyxpenetratesxfarxandxoftenxintoxbusiness.
D) Businessxandxsocietyxarexbothxseparatexandxconnected.
20) Axfirmxsubscribingxtoxthexshareholderxtheoryxofxthexfirmxwouldxmainlyxbexconcernedxwithxp
rovidingxlong-termxvaluexforxits
A) investors.
B) customers.
C) boardxofxDirectors.
D) community.
, 21) Corporationsxthatxfollowxthexstakeholderxtheoryxofxthexfirmxcreatexvaluexby
A) constantlyxinnovatingxnewxproducts.
B) increasingxtheirxstockxprice.
C) developingxtheirxemployees’xskills.
D) Allxofxthesexchoicesxarexcorrect.
22) Whichxargumentxsaysxthatxstakeholderxmanagementxrealisticallyxdepictsxhowxcompaniesxr
eallyxwork?
A) descriptivexargument
B) instrumentalxargument
C) normativexargument
D) fiduciaryxargument
23) Thexinstrumentalxargumentxstatesxthatxstakeholderxmanagementxis
A) axmorexrealisticxdescriptionxofxhowxcompaniesxreallyxwork.
B) morexeffectivexasxaxcorporatexstrategy.
C) simplyxthexrightxthingxtoxdo.
D) determinedxbyxthexamountxofxstockxissued.
24) Thexfiduciaryxdutyxofxmanagersxbenefitsxaxfirm's
A) shareholders.
B) customers.
C) employees.
D) Allxofxthesexchoicesxarexcorrect.
25) ThexmainxreasonxaxnumberxofxEuropeanxcountriesxrequirexpublicxcompaniesxtoxincludexe
mployeexmembersxonxtheirxboardsxofxdirectorsxisxthat
A) thexemployeesxwillxbexavailablextoxanswerxotherxboardxmembers'xquestions.
B) managementxwillxnotxhavextoxattendxthexmeetings.
C) employees'xinterestsxwillxbexexplicitlyxrepresented.
D) employeesxwillxhavexmorexpowerxthanxanyxotherxstakeholder.
26) Stakeholderxgroupsxcanxinclude
A) shareholders.
B) businessxsupportxgroups.
C) environmentalxactivists.
D) Allxofxthesexchoicesxarexcorrect.
