MNGT 482 EXAM QUESTIONS AND ASNWERS

MNGT 482 EXAM QUESTIONS AND ASNWERS A stakeholder is defined by anyone who owns a piece, or stake, of the company A) True B) False - Ans:-f AT&T has been called the "template for 21st century capitalism." A) True B) False - Ans:-t 3. General Systems theory was first introduced in the 1940s. A) True B) False - Ans:-T 4. The instrumental argument in the stakeholder theory says that companies perform better if they consider the rights and concerns of multiple groups in society. ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 2/115 A) True B) False - Ans:-T 5. A fiduciary exercises power for the good of another A) True B) False - Ans:-T 6. Because they are more important, market stakeholders are sometimes called primary stakeholders. A) True B) False - Ans:-F 7. Stakeholders can exercise direct political power by urging elected officials to pass legislation. A) True B) False - Ans:-f 8. Each stakeholder group has one source of power in relation to a firm. A) True B) False - Ans:-F ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 3/115 9. In 2000, the Peruvian government listened to stakeholders and cancelled plans for a salt mine off the Pacific Coast. A) True B) False - Ans:-f 10. In order to develop a stakeholder map, managers should consider, in order, urgency, legitimacy and saliency. A) True B) False - Ans:-F 11. Creditors generally have high stakeholder salience and little concern over a company's position on an issue. A) True B) False - Ans:-t 12. The world economy is increasingly interactive A) True B) False - Ans:-t ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 4/115 13. Over the last 30 years, Government has consistently tightened business regulations A) True B) False - Ans:-f 14. In 2007, The Walt Disney Company earned slightly less than $27 billion dollars. A) True B) False - Ans:-f 15. Affordable housing is difficult to find around Disneyland for many of the park's employees A) True B) False - Ans:-t 16. What movie featured a former Miss America speaking out against Walmart. A) One born every minute. B) Walmart: The High Cost of low prices C) Walmart Nation. D) None of the above. - Ans:-c ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 5/115 17. In 2008. Lee Scott was the CEO of A) Walmart B) Target C) Dell D) Sun - Ans:-a 18. Ownership theory of the firm is also called . A) Shareholder theory B) Property theory C) Expansive theory D) Brick and mortar theory - Ans:-b 19. Which of the following statements is not true about the interactive social system? A) Business and society need, as well as influence, each other. B) The boundary line between business and society is clear and distinct. C) Business is a part of society, and society penetrates far and often into the business. ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 6/115 D) Business and society are both separate and connected. - Ans:-b 20. A firm subscribing to the ownership theory, would be concerned with providing value for its: A) Shareholders. B) Customers. C) Board of Directors. D) Community. - Ans:-a 21. Corporations who model their operations according to the stakeholder theory create value by: A) Innovating new products. B) Increasing their stock price. C) Developing their employees' professional skills. D) All of the above. - Ans:-A 22. The argument says that stakeholder view is simply a more realistic description of how companies work. A) Descriptive B) Instrumental ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 7/115 C) Normative D) Fiduciary - Ans:-a 23. The instrumental argument says stakeholder management is: A) A more realistic description of how companies really work. B) More effective as a corporate strategy. C) Simply the right thing to do. D) Determined by the amount of stock owned in the firm. - Ans:-b 24. Under U.S. law, the fiduciary duty of managers must benefit a firm's A) Stockholders. B) Customers. C) Employees. D) All of the above. - Ans:-d 25. Stakeholder groups can includ