TEST BANK
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
,TABLE OF CONTENTS zl zl
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 zl zl zl zl zl zl zl zl
Student name: zl zl
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 service
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fora profit. zl zl
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⊚ false z l
2) The term stakeholder refers exclusively to the founders of a business organization.
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⊚ true z l
⊚ false z l
3) Businesses and society are independent of each other. zl zl zl zl zl zl zl
⊚ true z l
⊚ false z l
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to create long
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-termvalue for its shareholders. zl zl zl zl
⊚ true z l
⊚ false z l
5) The instrumental argument for the stakeholder theory of the firm says that com
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paniesperform better if they consider the rights and concerns of multiple group
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s in society.
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⊚ true z l
⊚ false z l
6) The normative argument for the stakeholder theory of the firm says that the stakehold
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er viewis simply a more realistic description of how companies really work.
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⊚ true z l
⊚ false z l
, 7) Nonmarket stakeholders are those that engage in economic transactions with the com
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pany asit carries out its primary purpose of providing society with goods and services.
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⊚ true z l
⊚ false z l
8) Market stakeholders include nongovernmental organizations and business support group
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s.
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⊚ false z l
9) Government can be considered both a market and a nonmarket stakeholder.
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⊚ true z l
⊚ false z l
10) The interests of different stakeholders often coincide.
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⊚ true z l
⊚ false z l
11) The first step of stakeholder analysis is to identify relevant stakeholders.
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⊚ true z l
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12) Some scholars have suggested that managers pay the most attention to stakeh
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olderspossessing the least salience.
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⊚ true z l
⊚ false z l
13) The organization of a corporation’s boundary-spanning functions is complex.
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⊚ true z l
⊚ false z l
14) Businesses are increasingly trying to meet their commitments to multiple stakeholders.
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⊚ true z l
⊚ false z l
15) The external environment of business is static.
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⊚ true z l
⊚ false z l
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
,TABLE OF CONTENTS zl zl
Chapter 1: The Corporation and Its Stakeholders
zl zl zl zl zl zl
Chapter 2: Managing Public Issues and Stakeholder Relationships
zl zl zl zl zl zl zl
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 zl zl zl zl zl zl zl zl
Student name: zl zl
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl
1) A business is any organization that is engaged in making a product or providing a service
zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl
fora profit. zl zl
⊚ true z l
⊚ false z l
2) The term stakeholder refers exclusively to the founders of a business organization.
zl zl zl zl zl zl zl zl zl zl zl
⊚ true z l
⊚ false z l
3) Businesses and society are independent of each other. zl zl zl zl zl zl zl
⊚ true z l
⊚ false z l
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to create long
zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl
-termvalue for its shareholders. zl zl zl zl
⊚ true z l
⊚ false z l
5) The instrumental argument for the stakeholder theory of the firm says that com
zl zl zl zl zl zl zl zl zl zl zl zl
paniesperform better if they consider the rights and concerns of multiple group
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s in society.
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⊚ true z l
⊚ false z l
6) The normative argument for the stakeholder theory of the firm says that the stakehold
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er viewis simply a more realistic description of how companies really work.
zl zl zl zl zl zl zl zl zl zl zl zl
⊚ true z l
⊚ false z l
, 7) Nonmarket stakeholders are those that engage in economic transactions with the com
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pany asit carries out its primary purpose of providing society with goods and services.
zl zl zl zl zl zl zl zl zl zl zl zl zl zl
⊚ true z l
⊚ false z l
8) Market stakeholders include nongovernmental organizations and business support group
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s.
⊚ true z l
⊚ false z l
9) Government can be considered both a market and a nonmarket stakeholder.
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⊚ true z l
⊚ false z l
10) The interests of different stakeholders often coincide.
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⊚ true z l
⊚ false z l
11) The first step of stakeholder analysis is to identify relevant stakeholders.
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⊚ true z l
⊚ false z l
12) Some scholars have suggested that managers pay the most attention to stakeh
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olderspossessing the least salience.
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⊚ true z l
⊚ false z l
13) The organization of a corporation’s boundary-spanning functions is complex.
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⊚ true z l
⊚ false z l
14) Businesses are increasingly trying to meet their commitments to multiple stakeholders.
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⊚ true z l
⊚ false z l
15) The external environment of business is static.
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⊚ true z l
⊚ false z l
