TEST BANK
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Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
d d d d d
ByLawrence,Weber,AllChapters 1 -19
d d d d d d d
,TABLEOFCONTENTS d d
Chapter 1: The Corporation and Its Stakeholders
d d d d d d
Chapter 2: Managing Public Issues and Stakeholder Relationships
d d d d d d d
Chapter 3: Corporate Social Responsibility and Global Citizenship
d d d d d d d d
Chapter 4: Business in a Globalized World
d d d d d d d
Chapter 5: Ethics and Ethical Reasoning Chapter
d d d d d d
6: Organizational Ethics
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Chapter 7: Business–Government Relations Chapter
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8: Influencing the Political Environment
d d d d d
Chapter 9: Sustainable Development and Global Business Chapter
d d d d d d d
10: Managing for Sustainability
d d d d
Chapter 11: The Role of Technology
d d d d d
Chapter 12: Regulating and Managing Technology
d d d d d
Chapter 13: Shareholder Rights and Corporate Governance Chapter
d d d d d d d
14: Consumer Protection
d d d
Chapter 15: Employees and the Corporation
d d d d d
Chapter 16: Managing a Diverse Workforce
d d d d d d
Chapter 17: Business and Its Suppliers
d d d d d d
Chapter 18: The Community and the Corporation
d d d d d d
Chapter 19: Managing the Public and the Corporate Reputation
d d d d d d d d
,Chapter1:TheCorporationandItsStakeholders
d d d d d d
Student name: d d
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
d d d d d d d d d d d d d d d
1) A business is any organization that is engaged in making a product or providing a s ervice
d d d d d d d d d d d d d d d d
fora profit.
d d
⊚ true
⊚ false
2) Theterm stakeholder refers exclusively to the founders of a business organization.
d d d d d d d d d d d
⊚ true
⊚ false
3) Businesses and societyare independent of each other.
d d d d d d d
⊚ true
⊚ false
4) The stakeholder theory of the firm argues that a firm‘s sole purpose is to creat e
d d d d d d d d d d d d d d d
long-termvalue for its shareholders.
d d d d
⊚ true
⊚ false
5) The instrumental argument for the stakeholder theory of the firm says that
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companies perform better iftheyconsider therights and concerns ofmultipl e
d XD d d d d d d d d d d d
groups in society.
d d d
⊚ true
⊚ false
6) Thenormative argument for the stakeholder theory of the firm says that the stake
d d d d d d d d d d d d d
holder viewis simply a more realistic description of how companies really work.
d d d d d d d d d d d d
⊚ true
⊚ false
, 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
d d d d d d d d d d d d d d
ervices.
d
⊚ true
d d
⊚ false
d d
8) Market stakeholders includenongovernmental organizations and business support gr
d d d d d d d d
oups.
d
⊚ true
⊚ false
9) Government can be considered both a market and a nonmarket stakeholder.
d d d d d d d d d d
⊚ true
⊚ false
10) Theinterests of different stakeholders often coincide.
d d d d d d
⊚ true
⊚ false
11) Thefirst step of stakeholder analysis is to identify relevant stakeholders.
d d d d d d d d d d
⊚ true
⊚ false
12) Some scholars have suggested that managers pay the most attention to st
d d d d d d d d d d d
akeholders possessing the least salience.
d XD d d d
⊚ true
⊚ false
13) Theorganization of a corporation‘s boundary-spanning functions is complex.
d d d d d d d d
⊚ true
⊚ false
14) Businesses are increasingly trying to meet their commitments tomultiple stakeholde rs.
d d d d d d d d d d d
⊚ true
⊚ false
15) Theexternal environment of business is static.
d d d d d d
⊚ true
⊚ false
d
Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
d d d d d
ByLawrence,Weber,AllChapters 1 -19
d d d d d d d
,TABLEOFCONTENTS d d
Chapter 1: The Corporation and Its Stakeholders
d d d d d d
Chapter 2: Managing Public Issues and Stakeholder Relationships
d d d d d d d
Chapter 3: Corporate Social Responsibility and Global Citizenship
d d d d d d d d
Chapter 4: Business in a Globalized World
d d d d d d d
Chapter 5: Ethics and Ethical Reasoning Chapter
d d d d d d
6: Organizational Ethics
d d d
Chapter 7: Business–Government Relations Chapter
d d d d
8: Influencing the Political Environment
d d d d d
Chapter 9: Sustainable Development and Global Business Chapter
d d d d d d d
10: Managing for Sustainability
d d d d
Chapter 11: The Role of Technology
d d d d d
Chapter 12: Regulating and Managing Technology
d d d d d
Chapter 13: Shareholder Rights and Corporate Governance Chapter
d d d d d d d
14: Consumer Protection
d d d
Chapter 15: Employees and the Corporation
d d d d d
Chapter 16: Managing a Diverse Workforce
d d d d d d
Chapter 17: Business and Its Suppliers
d d d d d d
Chapter 18: The Community and the Corporation
d d d d d d
Chapter 19: Managing the Public and the Corporate Reputation
d d d d d d d d
,Chapter1:TheCorporationandItsStakeholders
d d d d d d
Student name: d d
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
d d d d d d d d d d d d d d d
1) A business is any organization that is engaged in making a product or providing a s ervice
d d d d d d d d d d d d d d d d
fora profit.
d d
⊚ true
⊚ false
2) Theterm stakeholder refers exclusively to the founders of a business organization.
d d d d d d d d d d d
⊚ true
⊚ false
3) Businesses and societyare independent of each other.
d d d d d d d
⊚ true
⊚ false
4) The stakeholder theory of the firm argues that a firm‘s sole purpose is to creat e
d d d d d d d d d d d d d d d
long-termvalue for its shareholders.
d d d d
⊚ true
⊚ false
5) The instrumental argument for the stakeholder theory of the firm says that
d d d d d d d d d d d
companies perform better iftheyconsider therights and concerns ofmultipl e
d XD d d d d d d d d d d d
groups in society.
d d d
⊚ true
⊚ false
6) Thenormative argument for the stakeholder theory of the firm says that the stake
d d d d d d d d d d d d d
holder viewis simply a more realistic description of how companies really work.
d d d d d d d d d d d d
⊚ true
⊚ false
, 7) Nonmarket stakeholders are those that engage in economic transactions with the
d d d d d d d d d d
company asit carries out its primary purpose of providing society with goods and s
d d d d d d d d d d d d d d
ervices.
d
⊚ true
d d
⊚ false
d d
8) Market stakeholders includenongovernmental organizations and business support gr
d d d d d d d d
oups.
d
⊚ true
⊚ false
9) Government can be considered both a market and a nonmarket stakeholder.
d d d d d d d d d d
⊚ true
⊚ false
10) Theinterests of different stakeholders often coincide.
d d d d d d
⊚ true
⊚ false
11) Thefirst step of stakeholder analysis is to identify relevant stakeholders.
d d d d d d d d d d
⊚ true
⊚ false
12) Some scholars have suggested that managers pay the most attention to st
d d d d d d d d d d d
akeholders possessing the least salience.
d XD d d d
⊚ true
⊚ false
13) Theorganization of a corporation‘s boundary-spanning functions is complex.
d d d d d d d d
⊚ true
⊚ false
14) Businesses are increasingly trying to meet their commitments tomultiple stakeholde rs.
d d d d d d d d d d d
⊚ true
⊚ false
15) Theexternal environment of business is static.
d d d d d d
⊚ true
⊚ false
