TEST BANK FOR
n n
Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne
n n n n n n n n n n n
Lawrence
Chapter 1-19 Answers are at the end of Each chapter
n n n n n n n n n n
Chapter 1 n
Student name:
n n
TRUE/FALSEn -n Writen 'T'n ifn then statementn isn truen andn 'F'n ifn then statementn isn false.
1) n An businessn isn anyn organizationn thatn isn engagedn inn makingn an productn orn providingn an servicen
fornan profit.
⊚n true
⊚n false
2) Then termn stakeholdern refersn exclusivelyn ton then foundersn ofn an businessn organization.
⊚n true
⊚n false
3) Businessesn andn societyn aren independentn ofn eachn other.
⊚n true
⊚n false
4) Then stakeholdern theoryn ofn then firmn arguesn thatn an firm’sn solen purposen isn ton createn long-
termnvaluen forn itsn shareholders.
⊚n true
⊚n false
5) Then instrumentaln argumentn forn then stakeholdern theoryn ofn then firmn saysn thatn
companiesnperformn bettern ifn theyn considern then rightsn andn concernsn ofn multiplen
groupsn inn society.
⊚n true
⊚n false
6) Then normativen argumentn forn then stakeholdern theoryn ofn then firmn saysn thatn then stakeholdern
viewnisn simplyn an moren realisticn descriptionn ofn hown companiesn reallyn work.
⊚n true
⊚n false
,7) Nonmarketn stakeholdersn aren thosen thatn engagen inn economicn transactionsn withn then companyn
asnitn carriesn outn itsn primaryn purposen ofn providingn societyn withn goodsn andn services.
⊚n true
⊚n false
8) Marketn stakeholdersn includen nongovernmentaln organizationsn andn businessn supportn groups.
⊚n true
⊚n false
9) Governmentn cann ben consideredn bothn an marketn andn an nonmarketn stakeholder.
⊚n true
⊚n false
10) Then interestsn ofn differentn stakeholdersn oftenn coincide.
⊚n true
⊚n false
11) Then firstn stepn ofn stakeholdern analysisn isn ton identifyn relevantn stakeholders.
⊚n true
⊚n false
12) Somen scholarsn haven suggestedn thatn managersn payn then mostn attentionn ton
stakeholdersnpossessingn then leastn salience.
⊚n true
⊚n false
13) Then organizationn ofn an corporation’sn boundary-spanningn functionsn isn complex.
⊚n true
⊚n false
14) Businessesn aren increasinglyn tryingn ton meetn theirn commitmentsn ton multiplen stakeholders.
⊚n true
⊚n false
15) Then externaln environmentn ofn businessn isn static.
⊚n true
⊚n false
,MULTIPLEn CHOICEn -n Choosen then onen alternativen thatn bestn completesn then statementn
ornanswersn then question.
16) Then relationshipn betweenn businessn andn societyn isn mostn accuratelyn describedn byn
whichstatement?
n
A) Businessn isn ann unboundedn entityn withinn then largern boundedn entityn ofn society.
B) Societyn isn an distinctn boundedn entityn withinn then largern boundedn entityn ofn business.
C) Businessn isn an distinctn boundedn entityn separaten fromn then boundedn entityn ofn society.
D) Businessn isn an distinctn boundedn entityn withinn then largern boundedn entityn ofn society.
17) Accordingn ton generaln systemsn theory,n boundaryn exchangesn aren exemplifiedn byn whichn ofn
thenfollowing?
A) Ann industrialn companyn installsn newn equipmentn inn itsn plantn ton complyn
withnenvironmentaln regulations.
B) An softwaren companyn developsn ann applicationn forn an client.
C) An purchasingn departmentn employeen negotiatesn an pricen onn partsn withn an supplier.
D) Alln ofn thesen choicesn aren correct.
18) Then inseparablen relationshipn betweenn businessn andn societyn resultsn inn whichn ofn then following?
A) Alln businessn decisionsn haven an socialn impact.
B) Then vitalityn ofn businessn dependsn onn society'sn actionsn andn attitudes.
C) Then survivaln ofn businessn isn independentn ofn society.
D) Bothn “Alln businessn decisionsn haven an socialn impact”n andn “Then vitalityn ofn
businessndependsn onn society’sn actionsn andn attitudes”n aren correct.
19) Whichn ofn then followingn statementsn isn notn truen aboutn then interactiven socialn system?
A) Businessn andn societyn need,n asn welln asn influence,n eachn other.
B) Then boundaryn betweenn businessn andn societyn isn clearn andn distinct.
C) Businessn isn an partn ofn society,n andn societyn penetratesn farn andn oftenn inton business.
D) Businessn andn societyn aren bothn separaten andn connected.
20) An firmn subscribingn ton then shareholdern theoryn ofn then firmn wouldn mainlyn ben concernedn
withnprovidingn long-termn valuen forn its
A) investors.
B) customers.
C) boardn ofn Directors.
D) community.
, 21) Corporationsn thatn follown then stakeholdern theoryn ofn then firmn createn valuen by
A) constantlyn innovatingn newn products.
B) increasingn theirn stockn price.
C) developingn theirn employees’n skills.
D) Alln ofn thesen choicesn aren correct.
22) Whichn argumentn saysn thatn stakeholdern managementn realisticallyn depictsn hown
companiesnreallyn work?
A) descriptiven argument
B) instrumentaln argument
C) normativen argument
D) fiduciaryn argument
23) Then instrumentaln argumentn statesn thatn stakeholdern managementn
is
A) an moren realisticn descriptionn ofn hown companiesn reallyn work.
B) moren effectiven asn an corporaten strategy.
C) simplyn then rightn thingn ton do.
D) determinedn byn then amountn ofn stockn issued.
24) Then fiduciaryn dutyn ofn managersn benefitsn an firm's
A) shareholders.
B) customers.
C) employees.
D) Alln ofn thesen choicesn aren correct.
25) Then mainn reasonn an numbern ofn Europeann countriesn requiren publicn companiesn ton
includenemployeen membersn onn theirn boardsn ofn directorsn isn that
A) then employeesn willn ben availablen ton answern othern boardn members'n questions.
B) managementn willn notn haven ton attendn then meetings.
C) employees'n interestsn willn ben explicitlyn represented.
D) employeesn willn haven moren powern thann anyn othern stakeholder.
26) Stakeholdern groupsn cann include
A) shareholders.
B) businessn supportn groups.
C) environmentaln activists.
D) Alln ofn thesen choicesn aren correct.
n n
Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne
n n n n n n n n n n n
Lawrence
Chapter 1-19 Answers are at the end of Each chapter
n n n n n n n n n n
Chapter 1 n
Student name:
n n
TRUE/FALSEn -n Writen 'T'n ifn then statementn isn truen andn 'F'n ifn then statementn isn false.
1) n An businessn isn anyn organizationn thatn isn engagedn inn makingn an productn orn providingn an servicen
fornan profit.
⊚n true
⊚n false
2) Then termn stakeholdern refersn exclusivelyn ton then foundersn ofn an businessn organization.
⊚n true
⊚n false
3) Businessesn andn societyn aren independentn ofn eachn other.
⊚n true
⊚n false
4) Then stakeholdern theoryn ofn then firmn arguesn thatn an firm’sn solen purposen isn ton createn long-
termnvaluen forn itsn shareholders.
⊚n true
⊚n false
5) Then instrumentaln argumentn forn then stakeholdern theoryn ofn then firmn saysn thatn
companiesnperformn bettern ifn theyn considern then rightsn andn concernsn ofn multiplen
groupsn inn society.
⊚n true
⊚n false
6) Then normativen argumentn forn then stakeholdern theoryn ofn then firmn saysn thatn then stakeholdern
viewnisn simplyn an moren realisticn descriptionn ofn hown companiesn reallyn work.
⊚n true
⊚n false
,7) Nonmarketn stakeholdersn aren thosen thatn engagen inn economicn transactionsn withn then companyn
asnitn carriesn outn itsn primaryn purposen ofn providingn societyn withn goodsn andn services.
⊚n true
⊚n false
8) Marketn stakeholdersn includen nongovernmentaln organizationsn andn businessn supportn groups.
⊚n true
⊚n false
9) Governmentn cann ben consideredn bothn an marketn andn an nonmarketn stakeholder.
⊚n true
⊚n false
10) Then interestsn ofn differentn stakeholdersn oftenn coincide.
⊚n true
⊚n false
11) Then firstn stepn ofn stakeholdern analysisn isn ton identifyn relevantn stakeholders.
⊚n true
⊚n false
12) Somen scholarsn haven suggestedn thatn managersn payn then mostn attentionn ton
stakeholdersnpossessingn then leastn salience.
⊚n true
⊚n false
13) Then organizationn ofn an corporation’sn boundary-spanningn functionsn isn complex.
⊚n true
⊚n false
14) Businessesn aren increasinglyn tryingn ton meetn theirn commitmentsn ton multiplen stakeholders.
⊚n true
⊚n false
15) Then externaln environmentn ofn businessn isn static.
⊚n true
⊚n false
,MULTIPLEn CHOICEn -n Choosen then onen alternativen thatn bestn completesn then statementn
ornanswersn then question.
16) Then relationshipn betweenn businessn andn societyn isn mostn accuratelyn describedn byn
whichstatement?
n
A) Businessn isn ann unboundedn entityn withinn then largern boundedn entityn ofn society.
B) Societyn isn an distinctn boundedn entityn withinn then largern boundedn entityn ofn business.
C) Businessn isn an distinctn boundedn entityn separaten fromn then boundedn entityn ofn society.
D) Businessn isn an distinctn boundedn entityn withinn then largern boundedn entityn ofn society.
17) Accordingn ton generaln systemsn theory,n boundaryn exchangesn aren exemplifiedn byn whichn ofn
thenfollowing?
A) Ann industrialn companyn installsn newn equipmentn inn itsn plantn ton complyn
withnenvironmentaln regulations.
B) An softwaren companyn developsn ann applicationn forn an client.
C) An purchasingn departmentn employeen negotiatesn an pricen onn partsn withn an supplier.
D) Alln ofn thesen choicesn aren correct.
18) Then inseparablen relationshipn betweenn businessn andn societyn resultsn inn whichn ofn then following?
A) Alln businessn decisionsn haven an socialn impact.
B) Then vitalityn ofn businessn dependsn onn society'sn actionsn andn attitudes.
C) Then survivaln ofn businessn isn independentn ofn society.
D) Bothn “Alln businessn decisionsn haven an socialn impact”n andn “Then vitalityn ofn
businessndependsn onn society’sn actionsn andn attitudes”n aren correct.
19) Whichn ofn then followingn statementsn isn notn truen aboutn then interactiven socialn system?
A) Businessn andn societyn need,n asn welln asn influence,n eachn other.
B) Then boundaryn betweenn businessn andn societyn isn clearn andn distinct.
C) Businessn isn an partn ofn society,n andn societyn penetratesn farn andn oftenn inton business.
D) Businessn andn societyn aren bothn separaten andn connected.
20) An firmn subscribingn ton then shareholdern theoryn ofn then firmn wouldn mainlyn ben concernedn
withnprovidingn long-termn valuen forn its
A) investors.
B) customers.
C) boardn ofn Directors.
D) community.
, 21) Corporationsn thatn follown then stakeholdern theoryn ofn then firmn createn valuen by
A) constantlyn innovatingn newn products.
B) increasingn theirn stockn price.
C) developingn theirn employees’n skills.
D) Alln ofn thesen choicesn aren correct.
22) Whichn argumentn saysn thatn stakeholdern managementn realisticallyn depictsn hown
companiesnreallyn work?
A) descriptiven argument
B) instrumentaln argument
C) normativen argument
D) fiduciaryn argument
23) Then instrumentaln argumentn statesn thatn stakeholdern managementn
is
A) an moren realisticn descriptionn ofn hown companiesn reallyn work.
B) moren effectiven asn an corporaten strategy.
C) simplyn then rightn thingn ton do.
D) determinedn byn then amountn ofn stockn issued.
24) Then fiduciaryn dutyn ofn managersn benefitsn an firm's
A) shareholders.
B) customers.
C) employees.
D) Alln ofn thesen choicesn aren correct.
25) Then mainn reasonn an numbern ofn Europeann countriesn requiren publicn companiesn ton
includenemployeen membersn onn theirn boardsn ofn directorsn isn that
A) then employeesn willn ben availablen ton answern othern boardn members'n questions.
B) managementn willn notn haven ton attendn then meetings.
C) employees'n interestsn willn ben explicitlyn represented.
D) employeesn willn haven moren powern thann anyn othern stakeholder.
26) Stakeholdern groupsn cann include
A) shareholders.
B) businessn supportn groups.
C) environmentaln activists.
D) Alln ofn thesen choicesn aren correct.
