TEST BANK
Business and Society: Stakeholders, Ethics, Public Policy 17th Edition
By Anne T. Lawrence, James Weber
LU
XE
LI
BR
AR
Y
, TABLE OF CONTENT
PART ONE: Business in Society
Chapter 1: The Corporation and Its Stakeholders
Chapter 2: Managing Public Issues and Stakeholder Relationships
Chapter 3: Corporate Social Responsibility and Global Citizenship
Chapter 4: Business in a Globalized World
PART TWO: Business and Ethics
Chapter 5: Ethics and Ethical Reasoning
LU
Chapter 6: Organizational Ethics
PART THREE: Business and Public Policy
XE
Chapter 7: Business–Government Relations
Chapter 8: Influencing the Political Environment
PART FOUR: Business and the Natural Environment
Chapter 9: Sustainable Development and Global Business
LI
Chapter 10: Managing for Sustainability
PART FIVE: Business and Technology
BR
Chapter 11: The Role of Technology
Chapter 12: Regulating and Managing Technology
AR
PART SIX: Business and Its Stakeholders
Chapter 13: Shareholder Rights and Corporate Governance
Chapter 14: Consumer Protection
Chapter 15: Employees and the Corporation
Y
Chapter 16: Managing a Diverse Workforce
Chapter 17: Business and Its Suppliers
Chapter 18: The Community and the Corporation
Chapter 19: Managing the Public and the Corporate Reputation
, KJHGFEDWSQ
Chapter 01
The Corporation and Its Stakeholders
True / False Questions
LU
1. Walmart has been called a "template for 21 st century capitalism."
True False
2. A business is any organization that is engaged in making a product or providing a
XE
service for a profit.
True False
3. Businesses and society are independent of one another.
True False
LI
4. The stakeholder theory of the firm argues that a firm's sole purpose is to create value
for its shareholders.
BR
True False
5. The instrumental argument for the stakeholder theory of the firm says that
companies perform better if they consider the rights and concerns of multiple groups
in society.
AR
True False
6. The normative argument for the stakeholder theory of the firm says that the
stakeholder view is simply a more realistic description of how companies really work.
True False
Y
7. Nonmarket stakeholders are those that engage in economic transactions with the
company as it carries out its primary purpose of providing society with goods and
services.
True False
KJHDSA
, KJHGFEDWSQ
8. Market stakeholders include nongovernmental organizations and the business
support groups.
True False
9. Government can be considered both a market and nonmarket stakeholder.
True False
10. The interests of different stakeholders often coincide.
LU
True False
11. Stakeholders involved with one part of a company often may have little or no
involvement with another part of the company.
XE
True False
12. Some scholars have suggested that managers pay the most attention to stakeholders
possessing the least salience.
True False
LI
13. Urgency refers to the extent to which a stakeholder's actions are seen as proper or
appropriate by the broader society.
True False
BR
14. A stakeholder map is a useful tool, because it enables managers to see quickly how
stakeholders feel about an issue and whether salient stakeholders tend to be in favor
or opposed.
True False
AR
15. The external environment of business is static.
True False
Y
Multiple Choice Questions
KJHDSA
Business and Society: Stakeholders, Ethics, Public Policy 17th Edition
By Anne T. Lawrence, James Weber
LU
XE
LI
BR
AR
Y
, TABLE OF CONTENT
PART ONE: Business in Society
Chapter 1: The Corporation and Its Stakeholders
Chapter 2: Managing Public Issues and Stakeholder Relationships
Chapter 3: Corporate Social Responsibility and Global Citizenship
Chapter 4: Business in a Globalized World
PART TWO: Business and Ethics
Chapter 5: Ethics and Ethical Reasoning
LU
Chapter 6: Organizational Ethics
PART THREE: Business and Public Policy
XE
Chapter 7: Business–Government Relations
Chapter 8: Influencing the Political Environment
PART FOUR: Business and the Natural Environment
Chapter 9: Sustainable Development and Global Business
LI
Chapter 10: Managing for Sustainability
PART FIVE: Business and Technology
BR
Chapter 11: The Role of Technology
Chapter 12: Regulating and Managing Technology
AR
PART SIX: Business and Its Stakeholders
Chapter 13: Shareholder Rights and Corporate Governance
Chapter 14: Consumer Protection
Chapter 15: Employees and the Corporation
Y
Chapter 16: Managing a Diverse Workforce
Chapter 17: Business and Its Suppliers
Chapter 18: The Community and the Corporation
Chapter 19: Managing the Public and the Corporate Reputation
, KJHGFEDWSQ
Chapter 01
The Corporation and Its Stakeholders
True / False Questions
LU
1. Walmart has been called a "template for 21 st century capitalism."
True False
2. A business is any organization that is engaged in making a product or providing a
XE
service for a profit.
True False
3. Businesses and society are independent of one another.
True False
LI
4. The stakeholder theory of the firm argues that a firm's sole purpose is to create value
for its shareholders.
BR
True False
5. The instrumental argument for the stakeholder theory of the firm says that
companies perform better if they consider the rights and concerns of multiple groups
in society.
AR
True False
6. The normative argument for the stakeholder theory of the firm says that the
stakeholder view is simply a more realistic description of how companies really work.
True False
Y
7. Nonmarket stakeholders are those that engage in economic transactions with the
company as it carries out its primary purpose of providing society with goods and
services.
True False
KJHDSA
, KJHGFEDWSQ
8. Market stakeholders include nongovernmental organizations and the business
support groups.
True False
9. Government can be considered both a market and nonmarket stakeholder.
True False
10. The interests of different stakeholders often coincide.
LU
True False
11. Stakeholders involved with one part of a company often may have little or no
involvement with another part of the company.
XE
True False
12. Some scholars have suggested that managers pay the most attention to stakeholders
possessing the least salience.
True False
LI
13. Urgency refers to the extent to which a stakeholder's actions are seen as proper or
appropriate by the broader society.
True False
BR
14. A stakeholder map is a useful tool, because it enables managers to see quickly how
stakeholders feel about an issue and whether salient stakeholders tend to be in favor
or opposed.
True False
AR
15. The external environment of business is static.
True False
Y
Multiple Choice Questions
KJHDSA
