MEDSTUDY.COM
TEST BANK
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
M
ED
ST
U
D
Y
MEDSTUDY.COM
,MEDSTUDY.COM
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
M
Chapter 4: Business in a Globalized World
ED
Chapter 5: Ethics and Ethical Reasoning
Chapter 6: Organizational Ethics
Chapter 7: Business–Government Relations
ST
Chapter 8: Influencing the Political Environment
Chapter 9: Sustainable Development and Global Business
Chapter 10: Managing for Sustainability
U
Chapter 11: The Role of Technology
D
Chapter 12: Regulating and Managing Technology
Chapter 13: Shareholder Rights and Corporate Governance
Y
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
MEDSTUDY.COM
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Chapter 1: The Corporation and Its Stakeholders
Answers are at the end of Each chapter
M
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
ED
service for a profit.
⊚ true
⊚ false
2) The term stakeholder refers exclusively to the founders of a business organization.
ST
⊚ true
⊚ false
3) Businesses and society are independent of each other.
U
⊚ true
⊚ false
D
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to
create long-term value for its shareholders.
Y
⊚ true
⊚ false
5) The instrumental argument for the stakeholder theory of the firm says that
companies perform 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 view is simply a more realistic description of how companies really
work.
⊚ true
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, MEDSTUDY.COM
⊚ false
M
ED
ST
U
D
Y
MEDSTUDY.COM
TEST BANK
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
M
ED
ST
U
D
Y
MEDSTUDY.COM
,MEDSTUDY.COM
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
M
Chapter 4: Business in a Globalized World
ED
Chapter 5: Ethics and Ethical Reasoning
Chapter 6: Organizational Ethics
Chapter 7: Business–Government Relations
ST
Chapter 8: Influencing the Political Environment
Chapter 9: Sustainable Development and Global Business
Chapter 10: Managing for Sustainability
U
Chapter 11: The Role of Technology
D
Chapter 12: Regulating and Managing Technology
Chapter 13: Shareholder Rights and Corporate Governance
Y
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
MEDSTUDY.COM
,MEDSTUDY.COM
Chapter 1: The Corporation and Its Stakeholders
Answers are at the end of Each chapter
M
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
ED
service for a profit.
⊚ true
⊚ false
2) The term stakeholder refers exclusively to the founders of a business organization.
ST
⊚ true
⊚ false
3) Businesses and society are independent of each other.
U
⊚ true
⊚ false
D
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to
create long-term value for its shareholders.
Y
⊚ true
⊚ false
5) The instrumental argument for the stakeholder theory of the firm says that
companies perform 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 view is simply a more realistic description of how companies really
work.
⊚ true
MEDSTUDY.COM
, MEDSTUDY.COM
⊚ false
M
ED
ST
U
D
Y
MEDSTUDY.COM
