BUS 100 Midterm Exam with Answers
Nonmarket stakeholders include which of these groups? (Check all that apply.)
Business groups
Creditors
Retailers
Communities - ✔✔Business groups
Communities
- Creditors are market stakeholders.
- Retailers are market stakeholders.
A few theorists have called government a market stakeholder of business because _____.
- money flows from government to businesses in the form of taxes and fees
- some businesses sell directly to the government and receive payment for goods and services
rendered
- money flows from businesses to government in the form of subsidies or incentives
- the government does not normally conduct any direct market exchanges with businesses -
✔✔some businesses sell directly to the government and receive payment for goods and
services rendered
- money flows from government to businesses in the form of taxes and fees
Reason: Money flows from government to businesses in the form of subsidies or incentives.
,- money flows from businesses to government in the form of subsidies or incentives
Reason: Money flows from businesses to government in the form of taxes and fees.
- the government does not normally conduct any direct market exchanges with businesses
Reason: Direct market exchanges between business and government are not common, but
there are some, such as with defense contractors.
Which of the following are reasons some argue that managers are not the stakeholders of a
firm? (Check all that apply.)
- They act primarily for themselves.
- They act primarily for the company.
- They receive compensation.
- They promote stakeholder interests, not their own. - ✔✔They act primarily for the company.
They promote stakeholder interests, not their own.
- They act primarily for themselves.
Reason: Managers are expected to act for the firm, not for themselves.
- They receive compensation.
Reason: Managers are compensated, and this is an argument for them to be called
stakeholders.
An example of a role set is when someone performs which action(s)? (Check all that apply.)
- Buys products from another company
- Owns some company stock
, - Lives in the same community as their employer
- Works at a company - ✔✔Owns some company stock
Lives in the same community as their employer
Works at a company
- Buys products from another company
Reason: A role set would include buying products from the company
Within stakeholder analysis, the focal organization is the _____.
Board of Directors within an organization
most powerful external stakeholder
one from whose perspective the analysis is conducted
central government of any given nation - ✔✔one from whose perspective the analysis is
conducted
During stakeholder analysis, what is the first question that must be answered once an issue is
identified?
- How might coalitions form?
- Who is the focal organization?
- What are the stakeholder interests?
- Who are the relevant stakeholders? - ✔✔Who are the relevant stakeholders?
- How might coalitions form?
Nonmarket stakeholders include which of these groups? (Check all that apply.)
Business groups
Creditors
Retailers
Communities - ✔✔Business groups
Communities
- Creditors are market stakeholders.
- Retailers are market stakeholders.
A few theorists have called government a market stakeholder of business because _____.
- money flows from government to businesses in the form of taxes and fees
- some businesses sell directly to the government and receive payment for goods and services
rendered
- money flows from businesses to government in the form of subsidies or incentives
- the government does not normally conduct any direct market exchanges with businesses -
✔✔some businesses sell directly to the government and receive payment for goods and
services rendered
- money flows from government to businesses in the form of taxes and fees
Reason: Money flows from government to businesses in the form of subsidies or incentives.
,- money flows from businesses to government in the form of subsidies or incentives
Reason: Money flows from businesses to government in the form of taxes and fees.
- the government does not normally conduct any direct market exchanges with businesses
Reason: Direct market exchanges between business and government are not common, but
there are some, such as with defense contractors.
Which of the following are reasons some argue that managers are not the stakeholders of a
firm? (Check all that apply.)
- They act primarily for themselves.
- They act primarily for the company.
- They receive compensation.
- They promote stakeholder interests, not their own. - ✔✔They act primarily for the company.
They promote stakeholder interests, not their own.
- They act primarily for themselves.
Reason: Managers are expected to act for the firm, not for themselves.
- They receive compensation.
Reason: Managers are compensated, and this is an argument for them to be called
stakeholders.
An example of a role set is when someone performs which action(s)? (Check all that apply.)
- Buys products from another company
- Owns some company stock
, - Lives in the same community as their employer
- Works at a company - ✔✔Owns some company stock
Lives in the same community as their employer
Works at a company
- Buys products from another company
Reason: A role set would include buying products from the company
Within stakeholder analysis, the focal organization is the _____.
Board of Directors within an organization
most powerful external stakeholder
one from whose perspective the analysis is conducted
central government of any given nation - ✔✔one from whose perspective the analysis is
conducted
During stakeholder analysis, what is the first question that must be answered once an issue is
identified?
- How might coalitions form?
- Who is the focal organization?
- What are the stakeholder interests?
- Who are the relevant stakeholders? - ✔✔Who are the relevant stakeholders?
- How might coalitions form?
