TEST BANK FOR
b b
Business and Society Stakeholders Ethics Public Policy 17th Edition By AnneLawren
b b b b b b b b b b b
ce
Chapter 1- b
19 Answers are at the end of Each chapterChapter 1
b b b b b b b b b b
Student name:
b b
TRUE/FALSEb-bWriteb'T'bifbthebstatementbisbtruebandb'F'bifbthebstatementbisbfalse.
1) Abbusinessbisbanyborganizationbthatbisbengagedbinbmakingbabproductborbprovidingbabservicebforbab
profit.
⊚b true
⊚b false
2) Thebtermbstakeholderbrefersbexclusivelybtobthebfoundersbofbabbusinessborganization.
⊚b true
⊚b false
3) Businessesbandbsocietybarebindependentbofbeachbother.
⊚b true
⊚b false
4) Thebstakeholderbtheorybofbthebfirmbarguesbthatbabfirm’sbsolebpurposebisbtobcreateblong-
termbvaluebforbitsbshareholders.
⊚b true
⊚b false
5) Thebinstrumentalbargumentbforbthebstakeholderbtheorybofbthebfirmbsaysbthatbcompaniesbp
erformbbetterbifbtheybconsiderbthebrightsbandbconcernsbofbmultiplebgroupsbinbsociety.
⊚b true
⊚b false
6) Thebnormativebargumentbforbthebstakeholderbtheorybofbthebfirmbsaysbthatbthebstakeholderbviewbi
sbsimplybabmorebrealisticbdescriptionbofbhowbcompaniesbreallybwork.
⊚b true
⊚b false
,7) Nonmarketbstakeholdersbarebthosebthatbengagebinbeconomicbtransactionsbwithbthebcompanybasbit
carriesboutbitsbprimarybpurposebofbprovidingbsocietybwithbgoodsbandbservices.
b
⊚b true
⊚b false
8) Marketbstakeholdersbincludebnongovernmentalborganizationsbandbbusinessbsupportbgroups.
⊚b true
⊚b false
9) Governmentbcanbbebconsideredbbothbabmarketbandbabnonmarketbstakeholder.
⊚b true
⊚b false
10) Thebinterestsbofbdifferentbstakeholdersboftenbcoincide.
⊚b true
⊚b false
11) Thebfirstbstepbofbstakeholderbanalysisbisbtobidentifybrelevantbstakeholders.
⊚b true
⊚b false
12) Somebscholarsbhavebsuggestedbthatbmanagersbpaybthebmostbattentionbtobstakeholdersbp
ossessingbthebleastbsalience.
⊚b true
⊚b false
13) Theborganizationbofbabcorporation’sbboundary-spanningbfunctionsbisbcomplex.
⊚b true
⊚b false
14) Businessesbarebincreasinglybtryingbtobmeetbtheirbcommitmentsbtobmultiplebstakeholders.
⊚b true
⊚b false
15) Thebexternalbenvironmentbofbbusinessbisbstatic.
⊚b true
⊚b false
,MULTIPLEbCHOICEb-
bChoosebthebonebalternativebthatbbestbcompletes bthebstatementborb answersbthebquestion.
16) Thebrelationshipbbetweenbbusinessbandbsocietybisbmostbaccuratelybdescribedbbybwhichbs
tatement?
A) Businessbisbanbunboundedbentitybwithinbtheblargerbboundedbentitybofbsociety.
B) Societybisbabdistinctbboundedbentitybwithinbtheblargerbboundedbentitybofbbusiness.
C) Businessbisbabdistinctbboundedbentitybseparatebfrombthebboundedbentitybofbsociety.
D) Businessbisbabdistinctbboundedbentitybwithinbtheblargerbboundedbentitybofbsociety.
17) Accordingbtobgeneralbsystemsbtheory,bboundarybexchangesbarebexemplifiedbbybwhichbofbthebf
ollowing?
A) Anbindustrialbcompanybinstallsbnewbequipmentbinbitsbplantbtobcomplybwithbe
nvironmentalbregulations.
B) Absoftwarebcompanybdevelopsbanbapplicationbforbabclient.
C) Abpurchasingbdepartmentbemployeebnegotiatesbabpricebonbpartsbwithbabsupplier.
D) Allbofbthesebchoicesbarebcorrect.
18) Thebinseparablebrelationshipbbetweenbbusinessbandbsocietybresultsbinbwhichbofbthebfollowing?
A) Allbbusinessbdecisionsbhavebabsocialbimpact.
B) Thebvitalitybofbbusinessbdependsbonbsociety'sbactionsbandbattitudes.
C) Thebsurvivalbofbbusinessbisbindependentbofbsociety.
D) Bothb“Allbbusinessbdecisionsbhavebabsocialbimpact”bandb“Thebvitalitybofbbusinessb
dependsbonbsociety’sbactionsbandbattitudes”barebcorrect.
19) Whichbofbthebfollowingbstatementsbisbnotbtruebaboutbthebinteractivebsocialbsystem?
A) Businessbandbsocietybneed,basbwellbasbinfluence,beachbother.
B) Thebboundarybbetweenbbusinessbandbsocietybisbclearbandbdistinct.
C) Businessbisbabpartbofbsociety,bandbsocietybpenetratesbfarbandboftenbintobbusiness.
D) Businessbandbsocietybarebbothbseparatebandbconnected.
20) Abfirmbsubscribingbtobthebshareholderbtheorybofbthebfirmbwouldbmainlybbebconcernedbwithbp
rovidingblong-termbvaluebforbits
A) investors.
B) customers.
C) boardbofbDirectors.
D) community.
, 21) Corporationsbthatbfollowbthebstakeholderbtheorybofbthebfirmbcreatebvaluebby
A) constantlybinnovatingbnewbproducts.
B) increasingbtheirbstockbprice.
C) developingbtheirbemployees’bskills.
D) Allbofbthesebchoicesbarebcorrect.
22) Whichbargumentbsaysbthatbstakeholderbmanagementbrealisticallybdepictsbhowbcompaniesbr
eallybwork?
A) descriptivebargument
B) instrumentalbargument
C) normativebargument
D) fiduciarybargument
23) Thebinstrumentalbargumentbstatesbthatbstakeholderbmanagementbis
A) abmorebrealisticbdescriptionbofbhowbcompaniesbreallybwork.
B) morebeffectivebasbabcorporatebstrategy.
C) simplybthebrightbthingbtobdo.
D) determinedbbybthebamountbofbstockbissued.
24) Thebfiduciarybdutybofbmanagersbbenefitsbabfirm's
A) shareholders.
B) customers.
C) employees.
D) Allbofbthesebchoicesbarebcorrect.
25) ThebmainbreasonbabnumberbofbEuropeanbcountriesbrequirebpublicbcompaniesbtobincludebe
mployeebmembersbonbtheirbboardsbofbdirectorsbisbthat
A) thebemployeesbwillbbebavailablebtobanswerbotherbboardbmembers'bquestions.
B) managementbwillbnotbhavebtobattendbthebmeetings.
C) employees'binterestsbwillbbebexplicitlybrepresented.
D) employeesbwillbhavebmorebpowerbthanbanybotherbstakeholder.
26) Stakeholderbgroupsbcanbinclude
A) shareholders.
B) businessbsupportbgroups.
C) environmentalbactivists.
D) Allbofbthesebchoicesbarebcorrect.
b b
Business and Society Stakeholders Ethics Public Policy 17th Edition By AnneLawren
b b b b b b b b b b b
ce
Chapter 1- b
19 Answers are at the end of Each chapterChapter 1
b b b b b b b b b b
Student name:
b b
TRUE/FALSEb-bWriteb'T'bifbthebstatementbisbtruebandb'F'bifbthebstatementbisbfalse.
1) Abbusinessbisbanyborganizationbthatbisbengagedbinbmakingbabproductborbprovidingbabservicebforbab
profit.
⊚b true
⊚b false
2) Thebtermbstakeholderbrefersbexclusivelybtobthebfoundersbofbabbusinessborganization.
⊚b true
⊚b false
3) Businessesbandbsocietybarebindependentbofbeachbother.
⊚b true
⊚b false
4) Thebstakeholderbtheorybofbthebfirmbarguesbthatbabfirm’sbsolebpurposebisbtobcreateblong-
termbvaluebforbitsbshareholders.
⊚b true
⊚b false
5) Thebinstrumentalbargumentbforbthebstakeholderbtheorybofbthebfirmbsaysbthatbcompaniesbp
erformbbetterbifbtheybconsiderbthebrightsbandbconcernsbofbmultiplebgroupsbinbsociety.
⊚b true
⊚b false
6) Thebnormativebargumentbforbthebstakeholderbtheorybofbthebfirmbsaysbthatbthebstakeholderbviewbi
sbsimplybabmorebrealisticbdescriptionbofbhowbcompaniesbreallybwork.
⊚b true
⊚b false
,7) Nonmarketbstakeholdersbarebthosebthatbengagebinbeconomicbtransactionsbwithbthebcompanybasbit
carriesboutbitsbprimarybpurposebofbprovidingbsocietybwithbgoodsbandbservices.
b
⊚b true
⊚b false
8) Marketbstakeholdersbincludebnongovernmentalborganizationsbandbbusinessbsupportbgroups.
⊚b true
⊚b false
9) Governmentbcanbbebconsideredbbothbabmarketbandbabnonmarketbstakeholder.
⊚b true
⊚b false
10) Thebinterestsbofbdifferentbstakeholdersboftenbcoincide.
⊚b true
⊚b false
11) Thebfirstbstepbofbstakeholderbanalysisbisbtobidentifybrelevantbstakeholders.
⊚b true
⊚b false
12) Somebscholarsbhavebsuggestedbthatbmanagersbpaybthebmostbattentionbtobstakeholdersbp
ossessingbthebleastbsalience.
⊚b true
⊚b false
13) Theborganizationbofbabcorporation’sbboundary-spanningbfunctionsbisbcomplex.
⊚b true
⊚b false
14) Businessesbarebincreasinglybtryingbtobmeetbtheirbcommitmentsbtobmultiplebstakeholders.
⊚b true
⊚b false
15) Thebexternalbenvironmentbofbbusinessbisbstatic.
⊚b true
⊚b false
,MULTIPLEbCHOICEb-
bChoosebthebonebalternativebthatbbestbcompletes bthebstatementborb answersbthebquestion.
16) Thebrelationshipbbetweenbbusinessbandbsocietybisbmostbaccuratelybdescribedbbybwhichbs
tatement?
A) Businessbisbanbunboundedbentitybwithinbtheblargerbboundedbentitybofbsociety.
B) Societybisbabdistinctbboundedbentitybwithinbtheblargerbboundedbentitybofbbusiness.
C) Businessbisbabdistinctbboundedbentitybseparatebfrombthebboundedbentitybofbsociety.
D) Businessbisbabdistinctbboundedbentitybwithinbtheblargerbboundedbentitybofbsociety.
17) Accordingbtobgeneralbsystemsbtheory,bboundarybexchangesbarebexemplifiedbbybwhichbofbthebf
ollowing?
A) Anbindustrialbcompanybinstallsbnewbequipmentbinbitsbplantbtobcomplybwithbe
nvironmentalbregulations.
B) Absoftwarebcompanybdevelopsbanbapplicationbforbabclient.
C) Abpurchasingbdepartmentbemployeebnegotiatesbabpricebonbpartsbwithbabsupplier.
D) Allbofbthesebchoicesbarebcorrect.
18) Thebinseparablebrelationshipbbetweenbbusinessbandbsocietybresultsbinbwhichbofbthebfollowing?
A) Allbbusinessbdecisionsbhavebabsocialbimpact.
B) Thebvitalitybofbbusinessbdependsbonbsociety'sbactionsbandbattitudes.
C) Thebsurvivalbofbbusinessbisbindependentbofbsociety.
D) Bothb“Allbbusinessbdecisionsbhavebabsocialbimpact”bandb“Thebvitalitybofbbusinessb
dependsbonbsociety’sbactionsbandbattitudes”barebcorrect.
19) Whichbofbthebfollowingbstatementsbisbnotbtruebaboutbthebinteractivebsocialbsystem?
A) Businessbandbsocietybneed,basbwellbasbinfluence,beachbother.
B) Thebboundarybbetweenbbusinessbandbsocietybisbclearbandbdistinct.
C) Businessbisbabpartbofbsociety,bandbsocietybpenetratesbfarbandboftenbintobbusiness.
D) Businessbandbsocietybarebbothbseparatebandbconnected.
20) Abfirmbsubscribingbtobthebshareholderbtheorybofbthebfirmbwouldbmainlybbebconcernedbwithbp
rovidingblong-termbvaluebforbits
A) investors.
B) customers.
C) boardbofbDirectors.
D) community.
, 21) Corporationsbthatbfollowbthebstakeholderbtheorybofbthebfirmbcreatebvaluebby
A) constantlybinnovatingbnewbproducts.
B) increasingbtheirbstockbprice.
C) developingbtheirbemployees’bskills.
D) Allbofbthesebchoicesbarebcorrect.
22) Whichbargumentbsaysbthatbstakeholderbmanagementbrealisticallybdepictsbhowbcompaniesbr
eallybwork?
A) descriptivebargument
B) instrumentalbargument
C) normativebargument
D) fiduciarybargument
23) Thebinstrumentalbargumentbstatesbthatbstakeholderbmanagementbis
A) abmorebrealisticbdescriptionbofbhowbcompaniesbreallybwork.
B) morebeffectivebasbabcorporatebstrategy.
C) simplybthebrightbthingbtobdo.
D) determinedbbybthebamountbofbstockbissued.
24) Thebfiduciarybdutybofbmanagersbbenefitsbabfirm's
A) shareholders.
B) customers.
C) employees.
D) Allbofbthesebchoicesbarebcorrect.
25) ThebmainbreasonbabnumberbofbEuropeanbcountriesbrequirebpublicbcompaniesbtobincludebe
mployeebmembersbonbtheirbboardsbofbdirectorsbisbthat
A) thebemployeesbwillbbebavailablebtobanswerbotherbboardbmembers'bquestions.
B) managementbwillbnotbhavebtobattendbthebmeetings.
C) employees'binterestsbwillbbebexplicitlybrepresented.
D) employeesbwillbhavebmorebpowerbthanbanybotherbstakeholder.
26) Stakeholderbgroupsbcanbinclude
A) shareholders.
B) businessbsupportbgroups.
C) environmentalbactivists.
D) Allbofbthesebchoicesbarebcorrect.
