Business And Society- Stakeholders, Ethics, Publi.

TEST BANK Business and Society: Stakeh
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olders, Ethics, Public Policy, 17th EditioN
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By Lawrence, Weber, All Chapters 1 - 19
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,TABLE OF CONTENTS
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Chapterty 1:t y Thet y Corporationty andt y Itst y Stakeholders

Chapterty2:tyManagingtyPublictyIssuestyandtyStakeholdertyRelationshipst

y Chapterty3:tyCorporatetySocialtyResponsibilitytyandtyGlobaltyCitizenshi

ptyChapterty4:tyBusinesstyintyatyGlobalizedtyWorld

Chapterty5:tyEthicstyandtyEthicaltyReasoningtyChapt

erty6:tyOrganizationaltyEthics

Chapterty7:tyBusiness–

GovernmenttyRelationstyChapterty8:tyInfluencingtythetyP

oliticaltyEnvironment

Chapterty9:tySustainabletyDevelopmenttyandtyGlobaltyBusinesstyChapt

erty10:tyManagingtyfortySustainability

Chaptert y 11:t y Thet y Rolet y oft y Technology

Chapterty 12:t y Regulatingt y andty Managingt y Technology

Chapterty13:tyShareholdertyRightstyandtyCorporatetyGovernancetyChapt

erty14:tyConsumertyProtection

Chapterty15:tyEmployeestyandtythetyCorporationtyC

hapterty16:tyManagingtyatyDiversetyWorkforcetyCha

pterty17:tyBusinesstyandtyItstySuppliers

Chaptert y 18:t y Thet y Communityt y andt y thet y Corporation

Chapterty 19:t y Managingty thet y Publict y andt y thety Corporatet y Reputation

,Chapter 1: The Corporation and Its Stakeholders
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Answers are at the end of Each chapter
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Student name:
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TRUE/FALSEt y -t y Writet y 'T't y ift y thet y statementt y ist y truet y andt y 'F't y ift y thet y statementt y ist y false.
1) Atybusinesstyistyanytyorganizationtythattyistyengagedtyintymakingtyatyproducttyortyprovidingty
atyservicetyforatyprofit.
⊚t y t y true
⊚t y t y false

2) Thetytermty stakeholderty refersty exclusivelytytoty thety foundersty oftyaty businessty organization.
⊚t y t y true
⊚t y t y false

3) Businessesty andt y societytyaret y independentt y ofty eachty other.
⊚t y t y true
⊚t y t y false

4) Thetystakeholdertytheorytyoftythetyfirmtyarguestythattyatyfirm’stysoletypurposetyistytotycr
etyatetylong-termtyvaluetyfortyitstyshareholders.
⊚t y t y true
⊚t y t y false

5) Thetyinstrumentaltyargumenttyfortythetystakeholdertytheorytyoftythetyfirmtysaystyth
at y ttycompaniestyperformtybettertyiftytheytyconsidertythetyrightstyandtyconcernstyofty
multytipletygroupstyintysociety.
⊚t y t y true
⊚t y t y false

6) Thetynormativetyargumenttyfortythetystakeholdertytheorytyoftythetyfirmtysaystythattythetysta
tykeholdertyviewistysimplytyatymoretyrealistictydescriptiontyoftyhowtycompaniestyreallytywor
k
.
⊚t y t y true

, ⊚t y t y false