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

TEST BANK
f




Business and Society: Stakeholders,
Ethics, Public Policy, 17th Edition
f f f f f




ByLawrence,Weber,AllChapters1 -19
f f f f f f f

,TABLEOFCONTENTS f f




Chapter 1: The Corporation and Its Stakeholders
f f f f f f




Chapter 2: Managing Public Issues and Stakeholder Relationships
f f f f f f f




Chapter 3: Corporate Social Responsibility and Global Citizenship
f f f f f f f f




Chapter 4: Business in a Globalized World
f f f f f f f




Chapter5:Ethicsand Ethical Reasoning Chapter
f f f f f f




6: Organizational Ethics
f f f




Chapter 7: Business–Government Relations Chapter
f f f f




8:InfluencingthePolitical Environment
f f f f f




Chapter 9:Sustainable Development and Global Business Chapter
f f f f f f f




10: Managing for Sustainability
f f f f




Chapter 11: The Role of Technology
f f f f f




Chapter 12: Regulating and Managing Technology
f f f f f




Chapter 13:Shareholder Rights and Corporate Governance Chapter
f f f f f f f




14: Consumer Protection
f f f




Chapter15:Employees and the Corporation
f f f f f




Chapter 16: Managing a Diverse Workforce
f f f f f f




Chapter 17: Business and Its Suppliers
f f f f f f




Chapter 18: The Community and the Corporation
f f f f f f




Chapter 19: Managing the Public and the Corporate Reputation
f f f f f f f f

,Chapter1:TheCorporationandItsStakeholders
f f f f f f




Answers are at the end of Each chapter
XD XD XD XD XD XD XD X
D




Student name: f f




TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
f f f f f f f f f f f f f f f




1) A business is anyorganization that is engaged in making a product or providinga s ervice
f f f f f f f f f f f f f f f f




fora profit.
f f




⊚ true
⊚ false

2) Theterm stakeholder refers exclusivelyto the founders of abusiness organization.
f f f f f f f f f f f




⊚ true
⊚ false

3) Businesses and societyare independent of each other.f f f f f f f




⊚ true
⊚ false

4) The stakeholder theory of the firm argues that a firm’s sole purpose is to creat e long-
f f f f f f f f f f f f f f f f




termvalue for its shareholders. f f f




⊚ true
⊚ false

5) The instrumental argument for the stakeholder theory of the firm says that
f f f f f f f f f f f




companies perform betteriftheyconsidertherightsand concernsofmultipl e
f X
D f f f f f f f f f f f




groups in society.
f f f




⊚ true
⊚ false

6) Thenormative argument for the stakeholder theoryof the firm says that the stake holder
f f f f f f f f f f f f f f




viewis simplya more realistic description of how companies really work.
f f f f f f f f f f f




⊚ true
⊚ false

, 7) Nonmarket stakeholders are those that engage in economic transactions with the
f f f f f f f f f f




company asit carries out its primary purpose of providing society with goods and s
f f f f f f f f f f f f f f




ervices.
f




⊚ true
f f




⊚ false
f f




8) Market stakeholders includenongovernmental organizations and business support gr
f f f f f f f f




oups.
f




⊚ true
⊚ false

9) Government can beconsidered both a market and anonmarket stakeholder.
f f f f f f f f f f




⊚ true
⊚ false

10) Theinterests of different stakeholders often coincide.
f f f f f f




⊚ true
⊚ false

11) Thefirst step of stakeholder analysis is toidentifyrelevant stakeholders.
f f f f f f f f f f




⊚ true
⊚ false

12) Some scholars have suggested that managers paythemost attention to st
f f f f f f f f f f f




akeholders possessing the least salience.
f XD f f f




⊚ true
⊚ false

13) Theorganization of a corporation’s boundary-spanning functions is complex.
f f f f f f f f




⊚ true
⊚ false

14) Businesses areincreasinglytryingto meet their commitments tomultiple stakeholde rs.
f f f f f f f f f f f




⊚ true
⊚ false

15) Theexternal environment of business is static.
f f f f f f




⊚ true
⊚ false