Test Bank
Business And Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
,Table Of Contents
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
Chapter 5: Ethics And Ethical Reasoning
Chapter 6: Organizational Ethics
Chapter 7: Business–Government Relations
Chapter 8: Influencing The Political Environment
Chapter 9: Sustainable Development And Global Business
Chapter 10: Managing For Sustainability
Chapter 11: The Role Of Technology
Chapter 12: Regulating And Managing Technology
Chapter 13: Shareholder Rights And Corporate Governance
Chapter 14: Consumer Protection
Chapter 15: Employees And The Corporation
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
,Chapter 1: The Corporation And Its Stakeholders
Answers Are At The End Of Each Chapter
Student Name:
True/False - Write 'T' If The Statement Is True And 'F' If The Statement Is False.
1) A Business Is Any Organization That Is Engaged In Making A Product Or Providing A
Service ForA Profit.
⊚ True
⊚ False
2) The Term Stakeholder Refers Exclusively To The Founders Of A Business
Organization.
⊚ True
⊚ False
3) Businesses And Society Are Independent Of Each Other.
⊚ True
⊚ False
4) The Stakeholder Theory Of The Firm Argues That A Firm’s Sole Purpose Is To
Create Long-TermValue For Its Shareholders.
⊚ True
⊚ False
5) The Instrumental Argument For The Stakeholder Theory Of The Firm Says
That CompaniesPerform Better If They Consider The Rights And Concerns
Of Multiple Groups In Society.
⊚ True
⊚ False
6) The Normative Argument For The Stakeholder Theory Of The Firm Says That The
Stakeholder ViewIs Simply A More Realistic Description Of How Companies Really
Work.
⊚ True
⊚ False
, 7) Nonmarket Stakeholders Are Those That Engage In Economic Transactions With
The Company AsIt Carries Out Its Primary Purpose Of Providing Society With
Goods And Services.
⊚ True
⊚ False
8) Market Stakeholders Include Nongovernmental Organizations And Business Support
Groups.
⊚ True
⊚ False
9) Government Can Be Considered Both A Market And A Nonmarket Stakeholder.
⊚ True
⊚ False
10) The Interests Of Different Stakeholders Often Coincide.
⊚ True
⊚ False
11) The First Step Of Stakeholder Analysis Is To Identify Relevant Stakeholders.
⊚ True
⊚ False
12) Some Scholars Have Suggested That Managers Pay The Most Attention To
StakeholdersPossessing The Least Salience.
⊚ True
⊚ False
13) The Organization Of A Corporation’s Boundary-Spanning Functions Is Complex.
⊚ True
⊚ False
14) Businesses Are Increasingly Trying To Meet Their Commitments To Multiple
Stakeholders.
⊚ True
⊚ False
15) The External Environment Of Business Is Static.
⊚ True
⊚ False
Business And Society: Stakeholders,
Ethics, Public Policy, 17th Edition
By Lawrence, Weber, All Chapters 1 - 19
,Table Of Contents
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
Chapter 5: Ethics And Ethical Reasoning
Chapter 6: Organizational Ethics
Chapter 7: Business–Government Relations
Chapter 8: Influencing The Political Environment
Chapter 9: Sustainable Development And Global Business
Chapter 10: Managing For Sustainability
Chapter 11: The Role Of Technology
Chapter 12: Regulating And Managing Technology
Chapter 13: Shareholder Rights And Corporate Governance
Chapter 14: Consumer Protection
Chapter 15: Employees And The Corporation
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
,Chapter 1: The Corporation And Its Stakeholders
Answers Are At The End Of Each Chapter
Student Name:
True/False - Write 'T' If The Statement Is True And 'F' If The Statement Is False.
1) A Business Is Any Organization That Is Engaged In Making A Product Or Providing A
Service ForA Profit.
⊚ True
⊚ False
2) The Term Stakeholder Refers Exclusively To The Founders Of A Business
Organization.
⊚ True
⊚ False
3) Businesses And Society Are Independent Of Each Other.
⊚ True
⊚ False
4) The Stakeholder Theory Of The Firm Argues That A Firm’s Sole Purpose Is To
Create Long-TermValue For Its Shareholders.
⊚ True
⊚ False
5) The Instrumental Argument For The Stakeholder Theory Of The Firm Says
That CompaniesPerform Better If They Consider The Rights And Concerns
Of Multiple Groups In Society.
⊚ True
⊚ False
6) The Normative Argument For The Stakeholder Theory Of The Firm Says That The
Stakeholder ViewIs Simply A More Realistic Description Of How Companies Really
Work.
⊚ True
⊚ False
, 7) Nonmarket Stakeholders Are Those That Engage In Economic Transactions With
The Company AsIt Carries Out Its Primary Purpose Of Providing Society With
Goods And Services.
⊚ True
⊚ False
8) Market Stakeholders Include Nongovernmental Organizations And Business Support
Groups.
⊚ True
⊚ False
9) Government Can Be Considered Both A Market And A Nonmarket Stakeholder.
⊚ True
⊚ False
10) The Interests Of Different Stakeholders Often Coincide.
⊚ True
⊚ False
11) The First Step Of Stakeholder Analysis Is To Identify Relevant Stakeholders.
⊚ True
⊚ False
12) Some Scholars Have Suggested That Managers Pay The Most Attention To
StakeholdersPossessing The Least Salience.
⊚ True
⊚ False
13) The Organization Of A Corporation’s Boundary-Spanning Functions Is Complex.
⊚ True
⊚ False
14) Businesses Are Increasingly Trying To Meet Their Commitments To Multiple
Stakeholders.
⊚ True
⊚ False
15) The External Environment Of Business Is Static.
⊚ True
⊚ False
