BUSA 2106 CHAPTER 2 QUIZ QUESTIONS AND ANSWERS
_______________ refers to the process of involving stakeholders who may be affected by an
organization's decisions or that may influence the content or implementation of the organization's
decisions.
Stakeholder mapping
Identifying stakeholders
Stakeholder engagement
Legitimate power - CORRECT ANSWER✅✅Stakeholder engagement
Whose continued association is absolutely necessary for a business' survival?
secondary stakeholders
critical stakeholders
shareholders
primary stakeholders - CORRECT ANSWER✅✅primary stakeholders
_________________ generate revenue and provide loyalty or positive or negative word-of-mouth
promotion.
Managers
Special-interest groups
Customers
Shareholders - CORRECT ANSWER✅✅Customers
Which of the following describes secondary stakeholders?
those whose continued association is absolutely necessary for an organization's survival
those that do not typically engage in direct transactions with the company
employees, customers, suppliers, and shareholders, as well as the governments and communities
, stakeholders whose maintain a two-way relationship with the firm and other stakeholders - CORRECT
ANSWER✅✅those that do not typically engage in direct transactions with the company
Which of the following is an example of a primary stakeholder?
suppliers
special-interest groups
the environment
the media - CORRECT ANSWER✅✅suppliers
An organization often has a governing authority, known as _______________, to provide oversight and
control and make sure the organization stays focused on objectives in an ethical, legally, and socially
responsible manner.
managers
employees
a board of directors
stakeholders - CORRECT ANSWER✅✅a board of directors
How did Adam Smith's economic philosophy differ from Milton Friedman's economic philosophy?
the importance of market forces
whether individual wrongdoers should be punished
it emphasized the common good
the suitability of capitalism as an economic system - CORRECT ANSWER✅✅it emphasized the common
good
Which of the following is an example of a secondary stakeholder?
special-interest groups
suppliers
regulators
_______________ refers to the process of involving stakeholders who may be affected by an
organization's decisions or that may influence the content or implementation of the organization's
decisions.
Stakeholder mapping
Identifying stakeholders
Stakeholder engagement
Legitimate power - CORRECT ANSWER✅✅Stakeholder engagement
Whose continued association is absolutely necessary for a business' survival?
secondary stakeholders
critical stakeholders
shareholders
primary stakeholders - CORRECT ANSWER✅✅primary stakeholders
_________________ generate revenue and provide loyalty or positive or negative word-of-mouth
promotion.
Managers
Special-interest groups
Customers
Shareholders - CORRECT ANSWER✅✅Customers
Which of the following describes secondary stakeholders?
those whose continued association is absolutely necessary for an organization's survival
those that do not typically engage in direct transactions with the company
employees, customers, suppliers, and shareholders, as well as the governments and communities
, stakeholders whose maintain a two-way relationship with the firm and other stakeholders - CORRECT
ANSWER✅✅those that do not typically engage in direct transactions with the company
Which of the following is an example of a primary stakeholder?
suppliers
special-interest groups
the environment
the media - CORRECT ANSWER✅✅suppliers
An organization often has a governing authority, known as _______________, to provide oversight and
control and make sure the organization stays focused on objectives in an ethical, legally, and socially
responsible manner.
managers
employees
a board of directors
stakeholders - CORRECT ANSWER✅✅a board of directors
How did Adam Smith's economic philosophy differ from Milton Friedman's economic philosophy?
the importance of market forces
whether individual wrongdoers should be punished
it emphasized the common good
the suitability of capitalism as an economic system - CORRECT ANSWER✅✅it emphasized the common
good
Which of the following is an example of a secondary stakeholder?
special-interest groups
suppliers
regulators
