Staryer LEG100 midterm exam I
Question 1
Which of the following is a theory that recognizes that firms have relationships with many
constituent groups which both affect and are affected by the actions of the firm?
A. Stakeholder
B. Stockholder
C. Relational
D. Cohesive
Question 2
Managers can make their own ______ law by entering into contracts and crafting certain
governance structures.
A. Public
B. Primary
C. Cohesive
D. Private
Question 3
The ______ approach recognizes that “business decisions consist of continuous, interrelated
economic and moral components.”
A. Procedural
B. Systems
C. Conciliatory
D. Mandated
Question 1
Which of the following is a theory that recognizes that firms have relationships with many
constituent groups which both affect and are affected by the actions of the firm?
A. Stakeholder
B. Stockholder
C. Relational
D. Cohesive
Question 2
Managers can make their own ______ law by entering into contracts and crafting certain
governance structures.
A. Public
B. Primary
C. Cohesive
D. Private
Question 3
The ______ approach recognizes that “business decisions consist of continuous, interrelated
economic and moral components.”
A. Procedural
B. Systems
C. Conciliatory
D. Mandated
