BUSN 100 MIDTERM EXAM APUS REVIEW AND
SOLUTIONS 2026
◉ Which of the following is the result of the inseparable relationship
between business and society? Answer: Both of these answers are
correct: All business decisions have a social impact and the vitality
of business depends on society's actions and attitudes.
◉ A firm subscribing to the shareholder theory of the firm would
mainly be concerned with providing value for its: Answer: Investors.
◉ Corporations that run their operations according to the
stakeholder theory of the firm create value by: Answer: All of these
answers are correct.
◉ Which one of the following is considered to be a nonmarket
stakeholder of business? Answer: Nongovernmental organizations.
◉ Stakeholder groups can include: Answer: All of these answers are
correct.
◉ All of the following are external stakeholders of the firm except:
Answer: Managers
,◉ A stakeholder analysis: Answer: Involves understanding the
nature of stakeholder interests.
◉ The five types of stakeholders' power recognized by most experts
are: Answer: "Voting, economic, political, legal, and informational
power. "
◉ Which of the following is not an example of stakeholders'
economic power? Answer: A social group protests a government's
decision to raise taxes.
◉ A business and its stakeholders coming together for face-to-face
conversations about issues of common concern is called
stakeholder: Answer: Dialogue.
◉ The issue management process is a Answer: Systematic process
companies use when responding to public issues that are of greatest
importance to the business.
◉ Over time, the nature of business's relationship with its
stakeholders often: Answer: Evolves through a series of stages.
, ◉ Companies that believe they can make decisions unilaterally,
without taking into consideration their impact on others, are:
Answer: Inactive.
◉ Because of the risks and opportunities public issues present,
organizations need: Answer: A systematic way of identifying,
monitoring, and selecting public issues.
◉ Good corporate citizens: Answer: All of these answers are correct.
◉ Which of the following examples does not show a company guided
by enlightened self-interest? Answer: A company breaking past
records by maximizing quarterly profits
◉ The capability of corporations to influence government, the
economy, and society, based on their organizational resources is
called: Answer: Corporate citizenship.
◉ Concerns about corporate social responsibility are exemplified by
which of these statements? Answer: Requires skills businesses may
lack.
◉ Those in support of corporate social responsibility believe the
practice: Answer: Discourages government regulation.
SOLUTIONS 2026
◉ Which of the following is the result of the inseparable relationship
between business and society? Answer: Both of these answers are
correct: All business decisions have a social impact and the vitality
of business depends on society's actions and attitudes.
◉ A firm subscribing to the shareholder theory of the firm would
mainly be concerned with providing value for its: Answer: Investors.
◉ Corporations that run their operations according to the
stakeholder theory of the firm create value by: Answer: All of these
answers are correct.
◉ Which one of the following is considered to be a nonmarket
stakeholder of business? Answer: Nongovernmental organizations.
◉ Stakeholder groups can include: Answer: All of these answers are
correct.
◉ All of the following are external stakeholders of the firm except:
Answer: Managers
,◉ A stakeholder analysis: Answer: Involves understanding the
nature of stakeholder interests.
◉ The five types of stakeholders' power recognized by most experts
are: Answer: "Voting, economic, political, legal, and informational
power. "
◉ Which of the following is not an example of stakeholders'
economic power? Answer: A social group protests a government's
decision to raise taxes.
◉ A business and its stakeholders coming together for face-to-face
conversations about issues of common concern is called
stakeholder: Answer: Dialogue.
◉ The issue management process is a Answer: Systematic process
companies use when responding to public issues that are of greatest
importance to the business.
◉ Over time, the nature of business's relationship with its
stakeholders often: Answer: Evolves through a series of stages.
, ◉ Companies that believe they can make decisions unilaterally,
without taking into consideration their impact on others, are:
Answer: Inactive.
◉ Because of the risks and opportunities public issues present,
organizations need: Answer: A systematic way of identifying,
monitoring, and selecting public issues.
◉ Good corporate citizens: Answer: All of these answers are correct.
◉ Which of the following examples does not show a company guided
by enlightened self-interest? Answer: A company breaking past
records by maximizing quarterly profits
◉ The capability of corporations to influence government, the
economy, and society, based on their organizational resources is
called: Answer: Corporate citizenship.
◉ Concerns about corporate social responsibility are exemplified by
which of these statements? Answer: Requires skills businesses may
lack.
◉ Those in support of corporate social responsibility believe the
practice: Answer: Discourages government regulation.
