Test Bank for Business and Society: Stakeholders, Ethics, Public Policy 17th Edition by Lawrence

TESTBANKx




Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
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ByLawrence,Weber,AllChapters1-19
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,TABLEOFCONTENTS x x




Chapter1:TheCorporation and ItsStakeholders
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Chapter 2: Managing Public Issues and Stakeholder Relationships
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Chapter3:CorporateSocialResponsibilityandGlobalCitizenship
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Chapter 4: Business in a Globalized World
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Chapter5:EthicsandEthicalReasoning Chapter 6:
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Organizational Ethics
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Chapter 7: Business–Government Relations Chapter
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8:InfluencingthePoliticalEnvironment
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Chapter9:SustainableDevelopmentandGlobalBusiness Chapter
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10: Managing for Sustainability
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Chapter11: TheRole ofTechnology
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Chapter12:RegulatingandManagingTechnology
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Chapter13:ShareholderRightsandCorporateGovernance Chapter
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14: Consumer Protection
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Chapter15:EmployeesandtheCorporation
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Chapter 16: Managing a Diverse Workforce
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Chapter 17: Business and Its Suppliers
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Chapter18:TheCommunity and theCorporation
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Chapter19:ManagingthePublic andtheCorporateReputation
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,Chapter1:TheCorporationandItsStakeholders
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Answers are at the end of Each chapter
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D




Studentname: x x




TRUE/FALSE - Write'T' if thestatement is true and 'F' if thestatement is false.
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1) Abusinessisanyorganizationthatisengaged inmakingaproduct orprovidingas ervice
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fora profit.
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⊚ true
⊚ false

2) Thetermstakeholder refersexclusivelytothefoundersofabusinessorganization.
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⊚ true
⊚ false

3) Businessesandsocietyareindependentofeachother. x x x x x x x




⊚ true
⊚ false

4) Thestakeholdertheory ofthefirm argues that afirm’ssolepurposeisto creat e long-
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termvalue for its shareholders. x x x




⊚ true
⊚ false

5) Theinstrumental argument for the stakeholder theoryof thefirm says that
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companies performbetteriftheyconsidertherightsandconcernsofmultipl e
x X
D x x x x x x x x x x x




groups in society.
x x x




⊚ true
⊚ false

6) Thenormativeargument forthestakeholdertheoryofthefirm saysthatthestake holder
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viewis simplya more realistic description of how companies really work.
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⊚ 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
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ervices.
x




⊚ true
x x




⊚ false
x x




8) Marketstakeholdersincludenongovernmentalorganizationsandbusinesssupportgr
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oups.
x




⊚ true
⊚ false

9) Governmentcanbeconsidered bothamarketandanonmarket stakeholder.
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⊚ true
⊚ false

10) Theinterestsofdifferentstakeholdersoftencoincide.
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⊚ true
⊚ false

11) Thefirststepofstakeholderanalysisistoidentifyrelevantstakeholders.
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⊚ true
⊚ false

12) Somescholarshavesuggestedthatmanagerspaythemostattentiontost
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akeholders possessing the least salience.
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⊚ true
⊚ false

13) Theorganizationofacorporation’sboundary-spanningfunctionsiscomplex.
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⊚ true
⊚ false

14) Businessesareincreasinglytryingtomeettheircommitments tomultiplestakeholde rs.
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⊚ true
⊚ false

15) Theexternalenvironment ofbusinessisstatic.
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⊚ true
⊚ false