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Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
,TABLE OF CONTENTS FQ FQ
Chapter 1: The Corporation and Its Stakeholders
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Chapter 2: Managing Public Issues and Stakeholder Relationships
FQ FQ FQ FQ FQ FQ FQ
Chapter 3: Corporate Social Responsibility and Global Citizenship
FQ FQ FQ FQ FQ FQ FQ
Chapter 4: Business in a Globalized World
FQ FQ FQ FQ FQ FQ
Chapter 5: Ethics and Ethical Reasoning
FQ FQ FQ FQ FQ
Chapter 6: Organizational Ethics
FQ FQ FQ
Chapter 7: Business–Government Relations
FQ FQ FQ
Chapter 8: Influencing the Political Environment
FQ FQ FQ FQ FQ
Chapter 9: Sustainable Development and Global Business
FQ FQ FQ FQ FQ FQ
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
FQ FQ FQ FQ FQ
Chapter 13: Shareholder Rights and Corporate Governance
FQ FQ FQ FQ FQ FQ
Chapter 14: Consumer Protection
FQ FQ FQ
Chapter 15: Employees and the Corporation
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Chapter 16: Managing a Diverse Workforce
FQ FQ FQ FQ FQ
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
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F
Student name: FQ FQ
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 s
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ervice fora profit.
FQ Q
F FQ
⊚ true F Q
⊚ false F Q
2) The term stakeholder refers exclusively to the founders of a business organization.
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⊚ true F Q
⊚ false F Q
3) Businesses and society are independent of each other.
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⊚ true F Q
⊚ false F Q
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to creat
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e long-termvalue for its shareholders.
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F FQ FQ FQ
⊚ true F Q
⊚ falseF Q
5) The instrumental argument for the stakeholder theory of the firm says that
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companiesperform better if they consider the rights and concerns of multipl
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F FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
e groups in society.
FQ FQ FQ
⊚ true F Q
⊚ false F Q
6) The normative argument for the stakeholder theory of the firm says that the stake
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holder viewis simply a more realistic description of how companies really work.
FQ Q
F FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ false F Q
, 7) Nonmarket stakeholders are those that engage in economic transactions with the
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company asit carries out its primary purpose of providing society with goods and s
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F FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
ervices.
⊚ true F Q
⊚ false F Q
8) Market stakeholders include nongovernmental organizations and business support gr
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oups.
⊚ F Q true
⊚ F Q false
9) Government can be considered both a market and a nonmarket stakeholder.
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⊚ true F Q
⊚ false F Q
10) The interests of different stakeholders often coincide.
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⊚ true F Q
⊚ falseF Q
11) The first step of stakeholder analysis is to identify relevant stakeholders.
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⊚ true F Q
⊚ falseF Q
12) Some scholars have suggested that managers pay the most attention to st
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akeholderspossessing the least salience.
Q
F FQ FQ FQ
⊚ true F Q
⊚ false F Q
13) The organization of a corporation’s boundary-spanning functions is complex.
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⊚ true F Q
⊚ falseF Q
14) Businesses are increasingly trying to meet their commitments to multiple stakeholde
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rs.
⊚ F Q true
⊚ F Q false
15) The external environment of business is static.
FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ falseF Q
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
,TABLE OF CONTENTS FQ FQ
Chapter 1: The Corporation and Its Stakeholders
FQ FQ FQ FQ FQ FQ
Chapter 2: Managing Public Issues and Stakeholder Relationships
FQ FQ FQ FQ FQ FQ FQ
Chapter 3: Corporate Social Responsibility and Global Citizenship
FQ FQ FQ FQ FQ FQ FQ
Chapter 4: Business in a Globalized World
FQ FQ FQ FQ FQ FQ
Chapter 5: Ethics and Ethical Reasoning
FQ FQ FQ FQ FQ
Chapter 6: Organizational Ethics
FQ FQ FQ
Chapter 7: Business–Government Relations
FQ FQ FQ
Chapter 8: Influencing the Political Environment
FQ FQ FQ FQ FQ
Chapter 9: Sustainable Development and Global Business
FQ FQ FQ FQ FQ FQ
Chapter 10: Managing for Sustainability
FQ FQ FQ FQ
Chapter 11: The Role of Technology
FQ FQ FQ FQ FQ
Chapter 12: Regulating and Managing Technology
FQ FQ FQ FQ FQ
Chapter 13: Shareholder Rights and Corporate Governance
FQ FQ FQ FQ FQ FQ
Chapter 14: Consumer Protection
FQ FQ FQ
Chapter 15: Employees and the Corporation
FQ FQ FQ FQ FQ
Chapter 16: Managing a Diverse Workforce
FQ FQ FQ FQ FQ
Chapter 17: Business and Its Suppliers
FQ FQ FQ FQ FQ
Chapter 18: The Community and the Corporation
FQ FQ FQ FQ FQ FQ
Chapter 19: Managing the Public and the Corporate Reputation
FQ FQ FQ FQ FQ FQ FQ FQ
,Chapter 1: The Corporation and Its Stakeholders
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Answers are at the end of Each chapter
FQ FQ FQ FQ FQ FQ FQ Q
F
Student name: FQ FQ
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
1) A business is any organization that is engaged in making a product or providing a s
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
ervice fora profit.
FQ Q
F FQ
⊚ true F Q
⊚ false F Q
2) The term stakeholder refers exclusively to the founders of a business organization.
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ false F Q
3) Businesses and society are independent of each other.
FQ FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ false F Q
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to creat
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
e long-termvalue for its shareholders.
FQ Q
F FQ FQ FQ
⊚ true F Q
⊚ falseF Q
5) The instrumental argument for the stakeholder theory of the firm says that
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
companiesperform better if they consider the rights and concerns of multipl
Q
F FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
e groups in society.
FQ FQ FQ
⊚ true F Q
⊚ false F Q
6) The normative argument for the stakeholder theory of the firm says that the stake
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
holder viewis simply a more realistic description of how companies really work.
FQ Q
F FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ false F Q
, 7) Nonmarket stakeholders are those that engage in economic transactions with the
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
company asit carries out its primary purpose of providing society with goods and s
FQ Q
F FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
ervices.
⊚ true F Q
⊚ false F Q
8) Market stakeholders include nongovernmental organizations and business support gr
FQ FQ FQ FQ FQ FQ FQ FQ
oups.
⊚ F Q true
⊚ F Q false
9) Government can be considered both a market and a nonmarket stakeholder.
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ false F Q
10) The interests of different stakeholders often coincide.
FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ falseF Q
11) The first step of stakeholder analysis is to identify relevant stakeholders.
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ falseF Q
12) Some scholars have suggested that managers pay the most attention to st
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
akeholderspossessing the least salience.
Q
F FQ FQ FQ
⊚ true F Q
⊚ false F Q
13) The organization of a corporation’s boundary-spanning functions is complex.
FQ FQ FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ falseF Q
14) Businesses are increasingly trying to meet their commitments to multiple stakeholde
FQ FQ FQ FQ FQ FQ FQ FQ FQ FQ
rs.
⊚ F Q true
⊚ F Q false
15) The external environment of business is static.
FQ FQ FQ FQ FQ FQ
⊚ true F Q
⊚ falseF Q
