Test Bank for Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne Lawrence Chapter 1-19

TEST BANK
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Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
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ByLawrence,Weber,AllChapters 1 -19
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,TABLEOFCONTENTS v v




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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Chapter5: Ethics and Ethical Reasoning Chapter
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6: Organizational Ethics
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Chapter 7: Business–Government Relations Chapter
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8: Influencing thePolitical Environment
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Chapter 9:Sustainable Development and Global Business Chapter
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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 Chapter
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14: Consumer Protection
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Chapter15: 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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,Chapter1:TheCorporationandItsStakeholders
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Answers are at the end of Each chapter
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Student name: v v




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 providinga s ervice
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fora profit.
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⊚ true
⊚ false

2) Theterm stakeholder refers exclusivelyto the founders of abusiness organization.
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⊚ true
⊚ false

3) Businesses and societyare independent of each other.
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⊚ true
⊚ false

4) The stakeholder theory of the firm argues that a firm’s sole purpose is to creat e
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long-termvalue for its shareholders.
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⊚ true
⊚ false

5) The instrumental argument for the stakeholder theory of the firm says that
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companies perform betteriftheyconsidertherightsand concernsofmultipl e
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groups in society.
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⊚ true
⊚ false

6) Thenormative argument for the stakeholder theory of the firm says that the stake
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holder viewis simplya more realistic description of how companies really work.
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⊚ true
⊚ false

, 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 s
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ervices.
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⊚ true
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⊚ false
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8) Market stakeholders includenongovernmental organizations and business support gr
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oups.
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⊚ true
⊚ false

9) Government can be considered both a market and anonmarket stakeholder.
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⊚ true
⊚ false

10) Theinterests of different stakeholders often coincide.
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⊚ true
⊚ false

11) Thefirst step of stakeholder analysis is to identify relevant stakeholders.
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⊚ true
⊚ false

12) Some scholars have suggested that managers paythemost attention to st
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akeholders possessing the least salience.
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⊚ true
⊚ false

13) Theorganization of a corporation’s boundary-spanning functions is complex.
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⊚ true
⊚ false

14) Businesses areincreasingly tryingto meet their commitments tomultiple stakeholde rs.
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⊚ true
⊚ false

15) Theexternal environment of business is static.
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⊚ true
⊚ false