MNGT 482 STUDY GUIDE WITH
COMPLETE SOLUTION
A stakeholder is defined by anyone who owns a piece, or stake, of the
company
A) True
B) False - ANSWER f
AT&T has been called the "template for 21st century capitalism."
A) True
B) False - ANSWER t
3. General Systems theory was first introduced in the 1940s.
A) True
B) False - ANSWER T
4. The instrumental argument in the stakeholder theory says that companies
perform better if they consider the rights and concerns of multiple groups in
society.
A) True
B) False - ANSWER T
5. A fiduciary exercises power for the good of another
A) True
, B) False - ANSWER T
6. Because they are more important, market stakeholders are sometimes
called primary stakeholders.
A) True
B) False - ANSWER F
7. Stakeholders can exercise direct political power by urging elected officials
to pass legislation.
A) True
B) False - ANSWER f
8. Each stakeholder group has one source of power in relation to a firm.
A) True
B) False - ANSWER F
9. In 2000, the Peruvian government listened to stakeholders and cancelled
plans for a salt mine off the Pacific Coast.
A) True
B) False - ANSWER f
10. In order to develop a stakeholder map, managers should consider, in
order, urgency, legitimacy and saliency.
A) True
B) False - ANSWER F
11. Creditors generally have high stakeholder salience and little concern over
,a company's position on an issue.
A) True
B) False - ANSWER t
12. The world economy is increasingly interactive
A) True
B) False - ANSWER t
13. Over the last 30 years, Government has consistently tightened business
regulations
A) True
B) False - ANSWER f
14. In 2007, The Walt Disney Company earned slightly less than $27 billion
dollars.
A) True
B) False - ANSWER f
15. Affordable housing is difficult to find around Disneyland for many of the
park's employees
A) True
B) False - ANSWER t
16. What movie featured a former Miss America speaking out against
Walmart.
A) One born every minute.
, B) Walmart: The High Cost of low prices
C) Walmart Nation.
D) None of the above. - ANSWER c
17. In 2008. Lee Scott was the CEO of
A) Walmart
B) Target
C) Dell
D) Sun - ANSWER a
18. Ownership theory of the firm is also called .
A) Shareholder theory
B) Property theory
C) Expansive theory
D) Brick and mortar theory - ANSWER b
19. Which of the following statements is not true about the interactive social
system?
A) Business and society need, as well as influence, each other.
B) The boundary line 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. - ANSWER b
COMPLETE SOLUTION
A stakeholder is defined by anyone who owns a piece, or stake, of the
company
A) True
B) False - ANSWER f
AT&T has been called the "template for 21st century capitalism."
A) True
B) False - ANSWER t
3. General Systems theory was first introduced in the 1940s.
A) True
B) False - ANSWER T
4. The instrumental argument in the stakeholder theory says that companies
perform better if they consider the rights and concerns of multiple groups in
society.
A) True
B) False - ANSWER T
5. A fiduciary exercises power for the good of another
A) True
, B) False - ANSWER T
6. Because they are more important, market stakeholders are sometimes
called primary stakeholders.
A) True
B) False - ANSWER F
7. Stakeholders can exercise direct political power by urging elected officials
to pass legislation.
A) True
B) False - ANSWER f
8. Each stakeholder group has one source of power in relation to a firm.
A) True
B) False - ANSWER F
9. In 2000, the Peruvian government listened to stakeholders and cancelled
plans for a salt mine off the Pacific Coast.
A) True
B) False - ANSWER f
10. In order to develop a stakeholder map, managers should consider, in
order, urgency, legitimacy and saliency.
A) True
B) False - ANSWER F
11. Creditors generally have high stakeholder salience and little concern over
,a company's position on an issue.
A) True
B) False - ANSWER t
12. The world economy is increasingly interactive
A) True
B) False - ANSWER t
13. Over the last 30 years, Government has consistently tightened business
regulations
A) True
B) False - ANSWER f
14. In 2007, The Walt Disney Company earned slightly less than $27 billion
dollars.
A) True
B) False - ANSWER f
15. Affordable housing is difficult to find around Disneyland for many of the
park's employees
A) True
B) False - ANSWER t
16. What movie featured a former Miss America speaking out against
Walmart.
A) One born every minute.
, B) Walmart: The High Cost of low prices
C) Walmart Nation.
D) None of the above. - ANSWER c
17. In 2008. Lee Scott was the CEO of
A) Walmart
B) Target
C) Dell
D) Sun - ANSWER a
18. Ownership theory of the firm is also called .
A) Shareholder theory
B) Property theory
C) Expansive theory
D) Brick and mortar theory - ANSWER b
19. Which of the following statements is not true about the interactive social
system?
A) Business and society need, as well as influence, each other.
B) The boundary line 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. - ANSWER b
