TEST BANK FOR
Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne
Lawrence
Chapter 1-19 Answers are at the end of Each chapter Chapter 1
s s s s s s s s s s s
Student name:
s
TRUE/FALSEs-sWrites'T'sifsthesstatementsisstruesands'F'sifsthesstatementsissfalse.
1) Asbusinesssissanysorganizationsthatsissengagedsinsmakingsasproductsorsprovidingsasservicesforsasp
rofit.
⊚s true
⊚s false
2) Thestermsstakeholdersreferssexclusivelystosthesfounderssofsasbusinesssorganization.
⊚s true
⊚s false
3) Businessessandssocietysaresindependentsofseachsother.
⊚s true
⊚s false
4) Thesstakeholderstheorysofsthesfirmsarguessthatsasfirm’sssolespurposesisstoscreateslong-
termsvaluesforsitssshareholders.
⊚s true
⊚s false
5) Thesinstrumentalsargumentsforsthesstakeholderstheorysofsthesfirmssayssthatscompaniesspe
rformsbettersifstheysconsidersthesrightssandsconcernssofsmultiplesgroupssinssociety.
⊚s true
⊚s false
6) Thesnormativesargumentsforsthesstakeholderstheorysofsthesfirmssayssthatsthesstakeholdersviewsisss
implysasmoresrealisticsdescriptionsofshowscompaniessreallyswork.
⊚s true
⊚s false
,7) Nonmarketsstakeholderssaresthosesthatsengagesinseconomicstransactionsswithsthescompanysassits
carriessoutsitssprimaryspurposesofsprovidingssocietyswithsgoodssandsservices.
⊚s true
⊚s false
8) Marketsstakeholderssincludesnongovernmentalsorganizationssandsbusinessssupportsgroups.
⊚s true
⊚s false
9) Governmentscansbesconsideredsbothsasmarketsandsasnonmarketsstakeholder.
⊚s true
⊚s false
10) Thesinterestssofsdifferentsstakeholderssoftenscoincide.
⊚s true
⊚s false
11) Thesfirstsstepsofsstakeholdersanalysississtosidentifysrelevantsstakeholders.
⊚s true
⊚s false
12) Somesscholarsshavessuggestedsthatsmanagersspaysthesmostsattentionstosstakeholderssp
ossessingsthesleastssalience.
⊚s true
⊚s false
13) Thesorganizationsofsascorporation’ssboundary-spanningsfunctionssisscomplex.
⊚s true
⊚s false
14) Businessessaresincreasinglystryingstosmeetstheirscommitmentsstosmultiplesstakeholders.
⊚s true
⊚s false
15) Thesexternalsenvironmentsofsbusinesssissstatic.
⊚s true
⊚s false
,MULTIPLEsCHOICEs-
sChoosesthesonesalternativesthatsbestscompletes sthesstatementsorsanswerssthesquestion.
16) Thesrelationshipsbetweensbusinesssandssocietysissmostsaccuratelysdescribedsbyswhichsst
atement?
A) Businesssissansunboundedsentityswithinstheslargersboundedsentitysofssociety.
B) Societysissasdistinctsboundedsentityswithinstheslargersboundedsentitysofsbusiness.
C) Businesssissasdistinctsboundedsentitysseparatesfromsthesboundedsentitysofssociety.
D) Businesssissasdistinctsboundedsentityswithinstheslargersboundedsentitysofssociety.
17) Accordingstosgeneralssystemsstheory,sboundarysexchangessaresexemplifiedsbyswhichsofsthesfol
lowing?
A) Ansindustrialscompanysinstallssnewsequipmentsinsitssplantstoscomplyswithsen
vironmentalsregulations.
B) Assoftwarescompanysdevelopssansapplicationsforsasclient.
C) Aspurchasingsdepartmentsemployeesnegotiatessaspricesonspartsswithsassupplier.
D) Allsofstheseschoicessarescorrect.
18) Thesinseparablesrelationshipsbetweensbusinesssandssocietysresultssinswhichsofsthesfollowing?
A) Allsbusinesssdecisionsshavesassocialsimpact.
B) Thesvitalitysofsbusinesssdependssonssociety'ssactionssandsattitudes.
C) Thessurvivalsofsbusinesssissindependentsofssociety.
D) Boths“Allsbusinesssdecisionsshavesassocialsimpact”sands“Thesvitalitysofsbusinesssde
pendssonssociety’ssactionssandsattitudes”sarescorrect.
19) Whichsofsthesfollowingsstatementssissnotstruesaboutsthesinteractivessocialssystem?
A) Businesssandssocietysneed,sasswellsassinfluence,seachsother.
B) Thesboundarysbetweensbusinesssandssocietysissclearsandsdistinct.
C) Businesssissaspartsofssociety,sandssocietyspenetratessfarsandsoftensintosbusiness.
D) Businesssandssocietysaresbothsseparatesandsconnected.
20) Asfirmssubscribingstosthesshareholderstheorysofsthesfirmswouldsmainlysbesconcernedswithspr
ovidingslong-termsvaluesforsits
A) investors.
B) customers.
C) boardsofsDirectors.
D) community.
, 21) Corporationssthatsfollowsthesstakeholderstheorysofsthesfirmscreatesvaluesby
A) constantlysinnovatingsnewsproducts.
B) increasingstheirsstocksprice.
C) developingstheirsemployees’sskills.
D) Allsofstheseschoicessarescorrect.
22) Whichsargumentssayssthatsstakeholdersmanagementsrealisticallysdepictsshowscompaniessre
allyswork?
A) descriptivesargument
B) instrumentalsargument
C) normativesargument
D) fiduciarysargument
23) Thesinstrumentalsargumentsstatessthatsstakeholdersmanagementsis
A) asmoresrealisticsdescriptionsofshowscompaniessreallyswork.
B) moreseffectivesassascorporatesstrategy.
C) simplysthesrightsthingstosdo.
D) determinedsbysthesamountsofsstocksissued.
24) Thesfiduciarysdutysofsmanagerssbenefitssasfirm's
A) shareholders.
B) customers.
C) employees.
D) Allsofstheseschoicessarescorrect.
25) ThesmainsreasonsasnumbersofsEuropeanscountriessrequirespublicscompaniesstosincludese
mployeesmemberssonstheirsboardssofsdirectorssissthat
A) thesemployeesswillsbesavailablestosanswersothersboardsmembers'squestions.
B) managementswillsnotshavestosattendsthesmeetings.
C) employees'sinterestsswillsbesexplicitlysrepresented.
D) employeesswillshavesmorespowersthansanysothersstakeholder.
26) Stakeholdersgroupsscansinclude
A) shareholders.
B) businessssupportsgroups.
C) environmentalsactivists.
D) Allsofstheseschoicessarescorrect.
Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne
Lawrence
Chapter 1-19 Answers are at the end of Each chapter Chapter 1
s s s s s s s s s s s
Student name:
s
TRUE/FALSEs-sWrites'T'sifsthesstatementsisstruesands'F'sifsthesstatementsissfalse.
1) Asbusinesssissanysorganizationsthatsissengagedsinsmakingsasproductsorsprovidingsasservicesforsasp
rofit.
⊚s true
⊚s false
2) Thestermsstakeholdersreferssexclusivelystosthesfounderssofsasbusinesssorganization.
⊚s true
⊚s false
3) Businessessandssocietysaresindependentsofseachsother.
⊚s true
⊚s false
4) Thesstakeholderstheorysofsthesfirmsarguessthatsasfirm’sssolespurposesisstoscreateslong-
termsvaluesforsitssshareholders.
⊚s true
⊚s false
5) Thesinstrumentalsargumentsforsthesstakeholderstheorysofsthesfirmssayssthatscompaniesspe
rformsbettersifstheysconsidersthesrightssandsconcernssofsmultiplesgroupssinssociety.
⊚s true
⊚s false
6) Thesnormativesargumentsforsthesstakeholderstheorysofsthesfirmssayssthatsthesstakeholdersviewsisss
implysasmoresrealisticsdescriptionsofshowscompaniessreallyswork.
⊚s true
⊚s false
,7) Nonmarketsstakeholderssaresthosesthatsengagesinseconomicstransactionsswithsthescompanysassits
carriessoutsitssprimaryspurposesofsprovidingssocietyswithsgoodssandsservices.
⊚s true
⊚s false
8) Marketsstakeholderssincludesnongovernmentalsorganizationssandsbusinessssupportsgroups.
⊚s true
⊚s false
9) Governmentscansbesconsideredsbothsasmarketsandsasnonmarketsstakeholder.
⊚s true
⊚s false
10) Thesinterestssofsdifferentsstakeholderssoftenscoincide.
⊚s true
⊚s false
11) Thesfirstsstepsofsstakeholdersanalysississtosidentifysrelevantsstakeholders.
⊚s true
⊚s false
12) Somesscholarsshavessuggestedsthatsmanagersspaysthesmostsattentionstosstakeholderssp
ossessingsthesleastssalience.
⊚s true
⊚s false
13) Thesorganizationsofsascorporation’ssboundary-spanningsfunctionssisscomplex.
⊚s true
⊚s false
14) Businessessaresincreasinglystryingstosmeetstheirscommitmentsstosmultiplesstakeholders.
⊚s true
⊚s false
15) Thesexternalsenvironmentsofsbusinesssissstatic.
⊚s true
⊚s false
,MULTIPLEsCHOICEs-
sChoosesthesonesalternativesthatsbestscompletes sthesstatementsorsanswerssthesquestion.
16) Thesrelationshipsbetweensbusinesssandssocietysissmostsaccuratelysdescribedsbyswhichsst
atement?
A) Businesssissansunboundedsentityswithinstheslargersboundedsentitysofssociety.
B) Societysissasdistinctsboundedsentityswithinstheslargersboundedsentitysofsbusiness.
C) Businesssissasdistinctsboundedsentitysseparatesfromsthesboundedsentitysofssociety.
D) Businesssissasdistinctsboundedsentityswithinstheslargersboundedsentitysofssociety.
17) Accordingstosgeneralssystemsstheory,sboundarysexchangessaresexemplifiedsbyswhichsofsthesfol
lowing?
A) Ansindustrialscompanysinstallssnewsequipmentsinsitssplantstoscomplyswithsen
vironmentalsregulations.
B) Assoftwarescompanysdevelopssansapplicationsforsasclient.
C) Aspurchasingsdepartmentsemployeesnegotiatessaspricesonspartsswithsassupplier.
D) Allsofstheseschoicessarescorrect.
18) Thesinseparablesrelationshipsbetweensbusinesssandssocietysresultssinswhichsofsthesfollowing?
A) Allsbusinesssdecisionsshavesassocialsimpact.
B) Thesvitalitysofsbusinesssdependssonssociety'ssactionssandsattitudes.
C) Thessurvivalsofsbusinesssissindependentsofssociety.
D) Boths“Allsbusinesssdecisionsshavesassocialsimpact”sands“Thesvitalitysofsbusinesssde
pendssonssociety’ssactionssandsattitudes”sarescorrect.
19) Whichsofsthesfollowingsstatementssissnotstruesaboutsthesinteractivessocialssystem?
A) Businesssandssocietysneed,sasswellsassinfluence,seachsother.
B) Thesboundarysbetweensbusinesssandssocietysissclearsandsdistinct.
C) Businesssissaspartsofssociety,sandssocietyspenetratessfarsandsoftensintosbusiness.
D) Businesssandssocietysaresbothsseparatesandsconnected.
20) Asfirmssubscribingstosthesshareholderstheorysofsthesfirmswouldsmainlysbesconcernedswithspr
ovidingslong-termsvaluesforsits
A) investors.
B) customers.
C) boardsofsDirectors.
D) community.
, 21) Corporationssthatsfollowsthesstakeholderstheorysofsthesfirmscreatesvaluesby
A) constantlysinnovatingsnewsproducts.
B) increasingstheirsstocksprice.
C) developingstheirsemployees’sskills.
D) Allsofstheseschoicessarescorrect.
22) Whichsargumentssayssthatsstakeholdersmanagementsrealisticallysdepictsshowscompaniessre
allyswork?
A) descriptivesargument
B) instrumentalsargument
C) normativesargument
D) fiduciarysargument
23) Thesinstrumentalsargumentsstatessthatsstakeholdersmanagementsis
A) asmoresrealisticsdescriptionsofshowscompaniessreallyswork.
B) moreseffectivesassascorporatesstrategy.
C) simplysthesrightsthingstosdo.
D) determinedsbysthesamountsofsstocksissued.
24) Thesfiduciarysdutysofsmanagerssbenefitssasfirm's
A) shareholders.
B) customers.
C) employees.
D) Allsofstheseschoicessarescorrect.
25) ThesmainsreasonsasnumbersofsEuropeanscountriessrequirespublicscompaniesstosincludese
mployeesmemberssonstheirsboardssofsdirectorssissthat
A) thesemployeesswillsbesavailablestosanswersothersboardsmembers'squestions.
B) managementswillsnotshavestosattendsthesmeetings.
C) employees'sinterestsswillsbesexplicitlysrepresented.
D) employeesswillshavesmorespowersthansanysothersstakeholder.
26) Stakeholdersgroupsscansinclude
A) shareholders.
B) businessssupportsgroups.
C) environmentalsactivists.
D) Allsofstheseschoicessarescorrect.
