Test Bank for Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne Lawrence Chapter 1-19

TEST BANK
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19

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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 jv jv jv jv jv jv




Answers are at the endof Each chapter jv jv jv jv jv jv jv jv




Studentname: jv jv




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 service fo
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ra 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 societyare independent of each other. jv jv jv jv jv jv jv




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4) The stakeholder theory of the firm argues that a firm’s sole purpose is to create long-
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termvalue for its shareholders.
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5) The instrumental argument for the stakeholder theory of the firm says that comp
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aniesperform better if they consider the rights and concerns of multiple groups in
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society.
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6) The normative argument for the stakeholder theory of the firm says that the stakeholder
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viewis simplya more realistic description of how companies reallywork.
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, 7) Nonmarket stakeholders are those that engage in economic transactions with the comp
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anyasit 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 groups
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.
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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 stakeho
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lderspossessing 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 increasinglytrying to meet their commitments to multiple stakeholders.
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15) The external environment of business is static.
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