TEST BANK
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
,TABLE OF CONTENTS df df
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 df df df df df df df fd
Student name: df df
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 servic
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e fora profit.
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2) The term stakeholder refers exclusively to the founders of a business organization.
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3) Businesses and society are independent of each other. df df df df df df df
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4) The stakeholder theory of the firm argues that a firm’s sole purpose is to create lon
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g-termvalue for its shareholders. fd df df df
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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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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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, 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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8) Market stakeholders include nongovernmental organizations and business support grou
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ps.
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9) Government can be considered both a market and a nonmarket stakeholder.
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10) The interests of different stakeholders often coincide.
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11) The first step of stakeholder analysis is to identify relevant stakeholders.
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12) Some scholars have suggested that managers pay the most attention to stake
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holderspossessing the least salience.
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13) The organization of a corporation’s boundary-spanning functions is complex.
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14) Businesses are increasingly trying to meet their commitments to multiple stakeholders.
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15) The external environment of business is static.
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Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
,TABLE OF CONTENTS df df
Chapter 1: The Corporation and Its Stakeholders
df df df df df df
Chapter 2: Managing Public Issues and Stakeholder Relationships
df df df df df df df
Chapter 3: Corporate Social Responsibility and Global Citizenship
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Chapter 4: Business in a Globalized World
df df df df df df
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 df df df df df df df fd
Student name: df df
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 servic
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e fora profit.
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⊚ true d f
⊚ false d f
2) The term stakeholder refers exclusively to the founders of a business organization.
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⊚ true d f
⊚ false d f
3) Businesses and society are independent of each other. df df df df df df df
⊚ true d f
⊚ false d f
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to create lon
df df df df df df df df df df df df df df df
g-termvalue for its shareholders. fd df df df
⊚ true d f
⊚ false d f
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.
df df
⊚ true d f
⊚ false d f
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 d f
⊚ false d f
, 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 d f
⊚ false d f
8) Market stakeholders include nongovernmental organizations and business support grou
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ps.
⊚ true d f
⊚ false d f
9) Government can be considered both a market and a nonmarket stakeholder.
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⊚ true d f
⊚ false d f
10) The interests of different stakeholders often coincide.
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⊚ true d f
⊚ false d f
11) The first step of stakeholder analysis is to identify relevant stakeholders.
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⊚ true d f
⊚ false d f
12) Some scholars have suggested that managers pay the most attention to stake
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holderspossessing the least salience.
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⊚ true d f
⊚ false d f
13) The organization of a corporation’s boundary-spanning functions is complex.
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⊚ true d f
⊚ false d f
14) Businesses are increasingly trying to meet their commitments to multiple stakeholders.
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⊚ true d f
⊚ false d f
15) The external environment of business is static.
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⊚ true d f
⊚ false d f
