Test Bank for Business and Society
Test Bank
Stakeholders,
for Business
Ethics,
and Society
Public Policy
Stakeholders,
17th Edition
Ethics,
by Lawrence
Public Policy 17th Edition by Lawrence
TEST BANK
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
Page 1 Test Bank for Business and Society Stakeholders, Ethics, Public Policy 17th Edition by Lawrence.pdf
,Test Bank for Business and Society
Test Bank
Stakeholders,
for Business
Ethics,
and Society
Public Policy
Stakeholders,
17th Edition
Ethics,
by Lawrence
Public Policy 17th Edition by Lawrence
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
Chapter 4: Business in a Globalized World
Chapter 5: Ethics and Ethical Reasoning
Chapter 6: Organizational Ethics
Chapter 7: Business–Government Relations
Chapter 8: Influencing the Political Environment
Chapter 9: Sustainable Development and Global Business
Chapter 10: Managing for Sustainability
Chapter 11: The Role of Technology
Chapter 12: Regulating and Managing Technology
Chapter 13: Shareholder Rights and Corporate Governance
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
Page 2 Test Bank for Business and Society Stakeholders, Ethics, Public Policy 17th Edition by Lawrence.pdf
,Test Bank for Business and Society
Test Bank
Stakeholders,
for Business
Ethics,
and Society
Public Policy
Stakeholders,
17th Edition
Ethics,
by Lawrence
Public Policy 17th Edition by Lawrence
Chapter 1: The Corporation and Its Stakeholders
Answers are at the end of Each chapter
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
service fora profit.
⊚ true
⊚ false
2) The term stakeholder refers exclusively to the founders of a business organization.
⊚ true
⊚ false
3) Businesses and society are independent of each other.
⊚ true
⊚ false
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to
create long-term value for its shareholders.
⊚ 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
⊚ false
Page 3 Test Bank for Business and Society Stakeholders, Ethics, Public Policy 17th Edition by Lawrence.pdf
, Test Bank for Business and Society
Test Bank
Stakeholders,
for Business
Ethics,
and Society
Public Policy
Stakeholders,
17th Edition
Ethics,
by Lawrence
Public Policy 17th Edition by Lawrence
7) Nonmarket stakeholders are those that engage in economic transactions with the
company as it carries out its primary purpose of providing society with goods and
services.
⊚ true
⊚ false
8) Market stakeholders include nongovernmental organizations and business support
groups.
⊚ true
⊚ false
9) Government can be considered both a market and a nonmarket stakeholder.
⊚ true
⊚ false
10) The interests of different stakeholders often coincide.
⊚ true
⊚ false
11) The first step of stakeholder analysis is to identify relevant stakeholders.
⊚ true
⊚ false
12) Some scholars have suggested that managers pay the most attention to
stakeholders possessing the least salience.
⊚ true
⊚ false
13) The organization of a corporation’s boundary-spanning functions is complex.
⊚ true
⊚ false
14) Businesses are increasingly trying to meet their commitments to multiple
stakeholders.
⊚ true
⊚ false
15) The external environment of business is static.
⊚ true
⊚ false
Page 4 Test Bank for Business and Society Stakeholders, Ethics, Public Policy 17th Edition by Lawrence.pdf
Test Bank
Stakeholders,
for Business
Ethics,
and Society
Public Policy
Stakeholders,
17th Edition
Ethics,
by Lawrence
Public Policy 17th Edition by Lawrence
TEST BANK
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
Page 1 Test Bank for Business and Society Stakeholders, Ethics, Public Policy 17th Edition by Lawrence.pdf
,Test Bank for Business and Society
Test Bank
Stakeholders,
for Business
Ethics,
and Society
Public Policy
Stakeholders,
17th Edition
Ethics,
by Lawrence
Public Policy 17th Edition by Lawrence
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
Chapter 4: Business in a Globalized World
Chapter 5: Ethics and Ethical Reasoning
Chapter 6: Organizational Ethics
Chapter 7: Business–Government Relations
Chapter 8: Influencing the Political Environment
Chapter 9: Sustainable Development and Global Business
Chapter 10: Managing for Sustainability
Chapter 11: The Role of Technology
Chapter 12: Regulating and Managing Technology
Chapter 13: Shareholder Rights and Corporate Governance
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
Page 2 Test Bank for Business and Society Stakeholders, Ethics, Public Policy 17th Edition by Lawrence.pdf
,Test Bank for Business and Society
Test Bank
Stakeholders,
for Business
Ethics,
and Society
Public Policy
Stakeholders,
17th Edition
Ethics,
by Lawrence
Public Policy 17th Edition by Lawrence
Chapter 1: The Corporation and Its Stakeholders
Answers are at the end of Each chapter
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
service fora profit.
⊚ true
⊚ false
2) The term stakeholder refers exclusively to the founders of a business organization.
⊚ true
⊚ false
3) Businesses and society are independent of each other.
⊚ true
⊚ false
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to
create long-term value for its shareholders.
⊚ 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
⊚ false
Page 3 Test Bank for Business and Society Stakeholders, Ethics, Public Policy 17th Edition by Lawrence.pdf
, Test Bank for Business and Society
Test Bank
Stakeholders,
for Business
Ethics,
and Society
Public Policy
Stakeholders,
17th Edition
Ethics,
by Lawrence
Public Policy 17th Edition by Lawrence
7) Nonmarket stakeholders are those that engage in economic transactions with the
company as it carries out its primary purpose of providing society with goods and
services.
⊚ true
⊚ false
8) Market stakeholders include nongovernmental organizations and business support
groups.
⊚ true
⊚ false
9) Government can be considered both a market and a nonmarket stakeholder.
⊚ true
⊚ false
10) The interests of different stakeholders often coincide.
⊚ true
⊚ false
11) The first step of stakeholder analysis is to identify relevant stakeholders.
⊚ true
⊚ false
12) Some scholars have suggested that managers pay the most attention to
stakeholders possessing the least salience.
⊚ true
⊚ false
13) The organization of a corporation’s boundary-spanning functions is complex.
⊚ true
⊚ false
14) Businesses are increasingly trying to meet their commitments to multiple
stakeholders.
⊚ true
⊚ false
15) The external environment of business is static.
⊚ true
⊚ false
Page 4 Test Bank for Business and Society Stakeholders, Ethics, Public Policy 17th Edition by Lawrence.pdf
