,DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making and Ca
h h h h h h h h h h h
ses 11th Edition Ferrell
h h h
Chapter 02 Stakeholder Relationships Social Responsibility a
h h h h h h
nd Coroporate Governance
h h
MULTICHOICE
1. Thosehwhohhavehahclaimhinhsomehaspecthofhahfirm'shproducts,hoperations,hmarkets,hindustry,handh
outcomesharehknownhas
(A) shareholders.
(B) stockholders.
(C) stakeholders.
(D) claimholders.
(E) special-interesth groups.
Answerh :h (C)
2. Stakeholders'h powerh overh businessesh stemsh fromh their
(A) abilityhtohwithdrawhorhwithholdhresources.
(B) abilityh toh generateh profits.
(C) mediah impact.
(D) politicalh influence.
(E) stockh ownership.
Answerh :h (A)
3. Whichhofhthehfollowinghdohnothtypicallyhengagehinhtransactionshwithhahcompanyhandhthusharehnoth
essentialhforhitshsurvival?
(A) Employees
(B) Secondaryh stakeholders
(C) Primaryhstakeholders
(D) Investors
(E) Customers
Answerh :h (B)
4. Ah firmh thath makesh useh ofh ah recognizesh otherh stakeholdersh beyondh investors,h employees,h and
mynursytest.store
,DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making and Ca
h h h h h h h h h h h
ses 11th Edition Ferrell
h h h
suppliers,handhexplicitlyhacknowledgeshthehtwo-
wayhdialoghthathexistshbetweenhahfirm'shinternalhandhexternalhenvironments.
(A) stakeholderh modelh ofh corporateh governance
(B) stakeholderhbias
(C) codeh ofh ethics
(D) stakeholderh interactionh model
(E) corporateh interfaceh model
Answerh :h (D)
5. Theh degreeh toh whichh ah firmh understandsh andh addressesh stakeholderh demandsh canh beh referredh toh as
(A) ah stakeholderh orientation.
(B) ah shareholderh orientation.
(C) theh stakeholderh interactionh model.
(D) ahtwo-wayhstreet.
(E) ah continuum.
Answerh :h (A)
6. Whichhofhthehfollowinghindustrieshtendshtohgeneratehahhighhlevelhofhtrusthfromhconsumershandh
stakeholders?
(A) Insurance
(B) Technology
(C) Banks
(D) Mortgagehlenders
(E) Financialhservices
Answerh :h (B)
7. Whyh ish ith importanth forh businessesh toh recognizeh secondaryh stakeholderh groups?
(A) Theyh areh absolutelyh necessaryh forh theh firm'sh survival.
(B) Theyh includeh theh employeesh necessaryh forh theh firm'sh success.
(C) Theyhusuallyhhavehmoreh powerhthanhprimaryhstakeholders.
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ses 11th Edition Ferrell
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(D) Theyhprovideh vitalh resourceshthath companiesh need.
(E) Theyh haveh legitimacyh andh canh exerth power.
Answerh :h (E)
8. Ah stakeholderh grouph thath ish absolutelyh necessaryh forh ah firm'sh survivalh ish definedh as
(A) direct.
(B) tertiary.
(C) secondary.
(D) special-interest.
(E) primary.
Answerh :h (E)
9. Whenh unethicalh actsh areh discoveredh inh ah firm,h inh mosth instances
(A) theyh areh causedh byh unwillingh participants.
(B) theh causeh ish dueh toh externalh stakeholders.
(C) theh perpetratorsh areh caughth andh prosecuted.
(D) thereh wash knowingh cooperationh orh complicityh fromh withinh theh company.
(E) theh causeh ish ah corrupth Boardh ofh Directors.
Answerh :h (D)
10. Thehnormativehapproachh .
(A) focuseshonhthehactualhbehaviorhofhthehfirmhandhusuallyhaddresseshhowhdecisionshandhstrategieshareh
madehforhstakeholderhrelationships
(B) describesh whath happensh ifh firmsh behaveh inh ah particularh way
(C) ish theh degreeh toh whichh ah firmh understandsh andh addressesh stakeholderh demands
(D) describesh reciprocalh relationshipsh betweenh theh firmh andh ah hosth ofh stakeholders
(E) identifiesh guidelinesh thath dictateh howh firmsh shouldh treath stakeholders
Answerh :h (E)
11. Ah stakeholderh orientationh canh beh viewedh ash a(n)
mynursytest.store
h h h h h h h h h h h
ses 11th Edition Ferrell
h h h
Chapter 02 Stakeholder Relationships Social Responsibility a
h h h h h h
nd Coroporate Governance
h h
MULTICHOICE
1. Thosehwhohhavehahclaimhinhsomehaspecthofhahfirm'shproducts,hoperations,hmarkets,hindustry,handh
outcomesharehknownhas
(A) shareholders.
(B) stockholders.
(C) stakeholders.
(D) claimholders.
(E) special-interesth groups.
Answerh :h (C)
2. Stakeholders'h powerh overh businessesh stemsh fromh their
(A) abilityhtohwithdrawhorhwithholdhresources.
(B) abilityh toh generateh profits.
(C) mediah impact.
(D) politicalh influence.
(E) stockh ownership.
Answerh :h (A)
3. Whichhofhthehfollowinghdohnothtypicallyhengagehinhtransactionshwithhahcompanyhandhthusharehnoth
essentialhforhitshsurvival?
(A) Employees
(B) Secondaryh stakeholders
(C) Primaryhstakeholders
(D) Investors
(E) Customers
Answerh :h (B)
4. Ah firmh thath makesh useh ofh ah recognizesh otherh stakeholdersh beyondh investors,h employees,h and
mynursytest.store
,DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making and Ca
h h h h h h h h h h h
ses 11th Edition Ferrell
h h h
suppliers,handhexplicitlyhacknowledgeshthehtwo-
wayhdialoghthathexistshbetweenhahfirm'shinternalhandhexternalhenvironments.
(A) stakeholderh modelh ofh corporateh governance
(B) stakeholderhbias
(C) codeh ofh ethics
(D) stakeholderh interactionh model
(E) corporateh interfaceh model
Answerh :h (D)
5. Theh degreeh toh whichh ah firmh understandsh andh addressesh stakeholderh demandsh canh beh referredh toh as
(A) ah stakeholderh orientation.
(B) ah shareholderh orientation.
(C) theh stakeholderh interactionh model.
(D) ahtwo-wayhstreet.
(E) ah continuum.
Answerh :h (A)
6. Whichhofhthehfollowinghindustrieshtendshtohgeneratehahhighhlevelhofhtrusthfromhconsumershandh
stakeholders?
(A) Insurance
(B) Technology
(C) Banks
(D) Mortgagehlenders
(E) Financialhservices
Answerh :h (B)
7. Whyh ish ith importanth forh businessesh toh recognizeh secondaryh stakeholderh groups?
(A) Theyh areh absolutelyh necessaryh forh theh firm'sh survival.
(B) Theyh includeh theh employeesh necessaryh forh theh firm'sh success.
(C) Theyhusuallyhhavehmoreh powerhthanhprimaryhstakeholders.
mynursytest.store
, DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making and Ca
h h h h h h h h h h h
ses 11th Edition Ferrell
h h h
(D) Theyhprovideh vitalh resourceshthath companiesh need.
(E) Theyh haveh legitimacyh andh canh exerth power.
Answerh :h (E)
8. Ah stakeholderh grouph thath ish absolutelyh necessaryh forh ah firm'sh survivalh ish definedh as
(A) direct.
(B) tertiary.
(C) secondary.
(D) special-interest.
(E) primary.
Answerh :h (E)
9. Whenh unethicalh actsh areh discoveredh inh ah firm,h inh mosth instances
(A) theyh areh causedh byh unwillingh participants.
(B) theh causeh ish dueh toh externalh stakeholders.
(C) theh perpetratorsh areh caughth andh prosecuted.
(D) thereh wash knowingh cooperationh orh complicityh fromh withinh theh company.
(E) theh causeh ish ah corrupth Boardh ofh Directors.
Answerh :h (D)
10. Thehnormativehapproachh .
(A) focuseshonhthehactualhbehaviorhofhthehfirmhandhusuallyhaddresseshhowhdecisionshandhstrategieshareh
madehforhstakeholderhrelationships
(B) describesh whath happensh ifh firmsh behaveh inh ah particularh way
(C) ish theh degreeh toh whichh ah firmh understandsh andh addressesh stakeholderh demands
(D) describesh reciprocalh relationshipsh betweenh theh firmh andh ah hosth ofh stakeholders
(E) identifiesh guidelinesh thath dictateh howh firmsh shouldh treath stakeholders
Answerh :h (E)
11. Ah stakeholderh orientationh canh beh viewedh ash a(n)
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