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Business and Society: Stakeholders, Ethics,
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Public Policy, 17th Edition
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By Lawrence, Weber, All Chapters 1 - 19
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,TABLE OF CONTENTS vv vv
Chapter 1: The Corporation and Its Stakeholders
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Chapter 2: Managing Public Issues and Stakeholder Relationships
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Chapter 3: Corporate Social Responsibility and Global Citizenship
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Chapter 4: Business in a Globalized World
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Chapter 5: Ethics and Ethical Reasoning
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Chapter 6: Organizational Ethics
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Chapter 7: Business–Government Relations
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Chapter 8: Influencing the Political Environment
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Chapter 9: Sustainable Development and Global Business
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Chapter 10: Managing for Sustainability
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Chapter 11: The Role of Technology
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Chapter 12: Regulating and Managing Technology
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Chapter 13: Shareholder Rights and Corporate Governance
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Chapter 14: Consumer Protection
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Chapter 15: Employees and the Corporation
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Chapter 16: Managing a Diverse Workforce
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Chapter 17: Business and Its Suppliers
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Chapter 18: The Community and the Corporation
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Chapter 19: Managing the Public and the Corporate Reputation
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,Chapter 1: The Corporation and Its Stakeholders
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Answers are at the end of Each chapter
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Student name: vv vv
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
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1) A business is any organization that is engaged in making a product or providing a
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service fora profit.
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⊚ true v v
⊚ false v v
2) The term stakeholder refers exclusively to the founders of a business organization.
vv vv vv vv vv vv vv vv vv vv vv
⊚ true v v
⊚ false v v
3) Businesses and society are independent of each other.
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⊚ true v v
⊚ false v v
4) The stakeholder theory of the firm argues that a firm‘s sole purpose is to
vv vv vv vv vv vv vv vv vv vv vv vv vv
vv create long-termvalue for its shareholders.
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⊚ true v v
⊚ false v v
5) The instrumental argument for the stakeholder theory of the firm says that
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vv companiesperform better if they consider the rights and concerns of
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vv multiple groups in society.
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⊚ true v v
⊚ false v v
6) The normative argument for the stakeholder theory of the firm says that the
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stakeholder viewis simply a more realistic description of how companies really
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work.
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⊚ true v v
⊚ false v v
, 7) Nonmarket stakeholders are those that engage in economic transactions with the
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company asit carries out its primary purpose of providing society with goods and
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services.
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⊚ true v v
⊚ false v v
8) Market stakeholders include nongovernmental organizations and business support
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groups.
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⊚ v v true
⊚ v v false
9) Government can be considered both a market and a nonmarket stakeholder.
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⊚ true v v
⊚ false v v
10) The interests of different stakeholders often coincide.
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⊚ true v v
⊚ false v v
11) The first step of stakeholder analysis is to identify relevant stakeholders.
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⊚ true v v
⊚ false v v
12) Some scholars have suggested that managers pay the most attention to
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vv stakeholderspossessing the least salience. v vv vv vv
⊚ true v v
⊚ false v v
13) The organization of a corporation‘s boundary-spanning functions is complex.
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⊚ true v v
⊚ false v v
14) Businesses are increasingly trying to meet their commitments to multiple
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stakeholders.
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⊚ true v v
⊚ false v v
15) The external environment of business is static.
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⊚ true v v
⊚ false v v
vv
Business and Society: Stakeholders, Ethics,
vv vv vv vv
Public Policy, 17th Edition
vv vv vv vv
By Lawrence, Weber, All Chapters 1 - 19
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,TABLE OF CONTENTS vv vv
Chapter 1: The Corporation and Its Stakeholders
vv vv vv vv vv vv
Chapter 2: Managing Public Issues and Stakeholder Relationships
vv vv vv vv vv vv vv
Chapter 3: Corporate Social Responsibility and Global Citizenship
vv vv vv vv vv vv vv
Chapter 4: Business in a Globalized World
vv vv vv vv vv vv
Chapter 5: Ethics and Ethical Reasoning
vv vv vv vv vv
Chapter 6: Organizational Ethics
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Chapter 7: Business–Government Relations
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Chapter 8: Influencing the Political Environment
vv vv vv vv vv
Chapter 9: Sustainable Development and Global Business
vv vv vv vv vv vv
Chapter 10: Managing for Sustainability
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Chapter 11: The Role of Technology
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Chapter 12: Regulating and Managing Technology
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Chapter 13: Shareholder Rights and Corporate Governance
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Chapter 14: Consumer Protection
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Chapter 15: Employees and the Corporation
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Chapter 16: Managing a Diverse Workforce
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Chapter 17: Business and Its Suppliers
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Chapter 18: The Community and the Corporation
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Chapter 19: Managing the Public and the Corporate Reputation
vv vv vv vv vv vv vv vv
,Chapter 1: The Corporation and Its Stakeholders
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Answers are at the end of Each chapter
vv vv vv vv vv vv vv v
Student name: vv vv
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
vv vv vv vv vv vv vv vv vv vv vv vv vv vv vv
1) A business is any organization that is engaged in making a product or providing a
vv vv vv vv vv vv vv vv vv vv vv vv vv vv
service fora profit.
vv vv v vv
⊚ true v v
⊚ false v v
2) The term stakeholder refers exclusively to the founders of a business organization.
vv vv vv vv vv vv vv vv vv vv vv
⊚ true v v
⊚ false v v
3) Businesses and society are independent of each other.
vv vv vv vv vv vv vv
⊚ true v v
⊚ false v v
4) The stakeholder theory of the firm argues that a firm‘s sole purpose is to
vv vv vv vv vv vv vv vv vv vv vv vv vv
vv create long-termvalue for its shareholders.
vv v vv vv vv
⊚ true v v
⊚ false v v
5) The instrumental argument for the stakeholder theory of the firm says that
vv vv vv vv vv vv vv vv vv vv vv
vv companiesperform better if they consider the rights and concerns of
v vv vv vv vv vv vv vv vv vv
vv multiple groups in society.
vv vv vv
⊚ true v v
⊚ false v v
6) The normative argument for the stakeholder theory of the firm says that the
vv vv vv vv vv vv vv vv vv vv vv vv
stakeholder viewis simply a more realistic description of how companies really
vv vv v vv vv vv vv vv vv vv vv vv
work.
vv
⊚ true v v
⊚ false v v
, 7) Nonmarket stakeholders are those that engage in economic transactions with the
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company asit carries out its primary purpose of providing society with goods and
vv vv v vv vv vv vv vv vv vv vv vv vv vv
services.
vv
⊚ true v v
⊚ false v v
8) Market stakeholders include nongovernmental organizations and business support
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groups.
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⊚ v v true
⊚ v v false
9) Government can be considered both a market and a nonmarket stakeholder.
vv vv vv vv vv vv vv vv vv vv
⊚ true v v
⊚ false v v
10) The interests of different stakeholders often coincide.
vv vv vv vv vv vv
⊚ true v v
⊚ false v v
11) The first step of stakeholder analysis is to identify relevant stakeholders.
vv vv vv vv vv vv vv vv vv vv
⊚ true v v
⊚ false v v
12) Some scholars have suggested that managers pay the most attention to
vv vv vv vv vv vv vv vv vv vv
vv stakeholderspossessing the least salience. v vv vv vv
⊚ true v v
⊚ false v v
13) The organization of a corporation‘s boundary-spanning functions is complex.
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⊚ true v v
⊚ false v v
14) Businesses are increasingly trying to meet their commitments to multiple
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stakeholders.
vv
⊚ true v v
⊚ false v v
15) The external environment of business is static.
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⊚ true v v
⊚ false v v
