TEST BANK FOR
g g
BusinessgandgSocietygStakeholdersgEthicsgPublicgPolicyg17thgEditiongBygAnnegLaw
rence
Chapterg1-
19gAnswersgaregatgthegendgofgEachgchaptergChapterg1
Studentgname:
TRUE/FALSEg-gWriteg'T'gifgthegstatementgisgtruegandg'F'gifgthegstatementgisgfalse.
1) Agbusinessgisganygorganizationgthatgisgengagedgingmakinggagproductgorgprovidinggagservicegf
orgagprofit.
⊚g true
⊚g false
2) Thegtermgstakeholdergrefersgexclusivelygtogthegfoundersgofgagbusinessgorganization.
⊚g true
⊚g false
3) Businessesgandgsocietygaregindependentgofgeachgother.
⊚g true
⊚g false
4) Thegstakeholdergtheorygofgthegfirmgarguesgthatgagfirm’sgsolegpurposegisgtogcreateglong-
termgvaluegforgitsgshareholders.
⊚g true
⊚g false
5) Theginstrumentalgargumentgforgthegstakeholdergtheorygofgthegfirmgsaysgthatgcompanie
sgperformgbettergifgtheygconsidergthegrightsgandgconcernsgofgmultipleggroupsgingsocie
ty.
⊚g true
⊚g false
6) Thegnormativegargumentgforgthegstakeholdergtheorygofgthegfirmgsaysgthatgthegstakeholdergvie
wgisgsimplygagmoregrealisticgdescriptiongofghowgcompaniesgreallygwork.
⊚g true
⊚g false
,7) Nonmarketgstakeholdersgaregthosegthatgengagegingeconomicgtransactionsgwithgthegcompanyga
sgitgcarriesgoutgitsgprimarygpurposegofgprovidinggsocietygwithggoodsgandgservices.
⊚g true
⊚g false
8) Marketgstakeholdersgincludegnongovernmentalgorganizationsgandgbusinessgsupportggroups.
⊚g true
⊚g false
9) Governmentgcangbegconsideredgbothgagmarketgandgagnonmarketgstakeholder.
⊚g true
⊚g false
10) Theginterestsgofgdifferentgstakeholdersgoftengcoincide.
⊚g true
⊚g false
11) Thegfirstgstepgofgstakeholderganalysisgisgtogidentifygrelevantgstakeholders.
⊚g true
⊚g false
12) Somegscholarsghavegsuggestedgthatgmanagersgpaygthegmostgattentiongtogstakeholder
sgpossessinggthegleastgsalience.
⊚g true
⊚g false
13) Thegorganizationgofgagcorporation’sgboundary-spanninggfunctionsgisgcomplex.
⊚g true
⊚g false
14) Businessesgaregincreasinglygtryinggtogmeetgtheirgcommitmentsgtogmultiplegstakeholders.
⊚g true
⊚g false
15) Thegexternalgenvironmentgofgbusinessgisgstatic.
⊚g true
⊚g false
,MULTIPLEgCHOICEg-
gChoosegthegonegalternativegthatgbestgcompletesgthegstatementgorganswersgthegquestion.
16) Thegrelationshipgbetweengbusinessgandgsocietygisgmostgaccuratelygdescribedgbygwhic
hgstatement?
A) Businessgisgangunboundedgentitygwithingtheglargergboundedgentitygofgsociety.
B) Societygisgagdistinctgboundedgentitygwithingtheglargergboundedgentitygofgbusiness.
C) Businessgisgagdistinctgboundedgentitygseparategfromgthegboundedgentitygofgsociety.
D) Businessgisgagdistinctgboundedgentitygwithingtheglargergboundedgentitygofgsociety.
17) Accordinggtoggeneralgsystemsgtheory,gboundarygexchangesgaregexemplifiedgbygwhichgofgth
egfollowing?
A) Angindustrialgcompanyginstallsgnewgequipmentgingitsgplantgtogcomplygwit
hgenvironmentalgregulations.
B) Agsoftwaregcompanygdevelopsgangapplicationgforgagclient.
C) Agpurchasinggdepartmentgemployeegnegotiatesgagpricegongpartsgwithgagsupplier.
D) Allgofgthesegchoicesgaregcorrect.
18) Theginseparablegrelationshipgbetweengbusinessgandgsocietygresultsgingwhichgofgthegfollowing?
A) Allgbusinessgdecisionsghavegagsocialgimpact.
B) Thegvitalitygofgbusinessgdependsgongsociety'sgactionsgandgattitudes.
C) Thegsurvivalgofgbusinessgisgindependentgofgsociety.
D) Bothg“Allgbusinessgdecisionsghavegagsocialgimpact”gandg“Thegvitalitygofgbusines
sgdependsgongsociety’sgactionsgandgattitudes”garegcorrect.
19) Whichgofgthegfollowinggstatementsgisgnotgtruegaboutgtheginteractivegsocialgsystem?
A) Businessgandgsocietygneed,gasgwellgasginfluence,geachgother.
B) Thegboundarygbetweengbusinessgandgsocietygisgcleargandgdistinct.
C) Businessgisgagpartgofgsociety,gandgsocietygpenetratesgfargandgoftengintogbusiness.
D) Businessgandgsocietygaregbothgseparategandgconnected.
20) Agfirmgsubscribinggtogthegshareholdergtheorygofgthegfirmgwouldgmainlygbegconcernedgwit
hgprovidingglong-termgvaluegforgits
A) investors.
B) customers.
C) boardgofgDirectors.
D) community.
, 21) Corporationsgthatgfollowgthegstakeholdergtheorygofgthegfirmgcreategvaluegby
A) constantlyginnovatinggnewgproducts.
B) increasinggtheirgstockgprice.
C) developinggtheirgemployees’gskills.
D) Allgofgthesegchoicesgaregcorrect.
22) Whichgargumentgsaysgthatgstakeholdergmanagementgrealisticallygdepictsghowgcompanie
sgreallygwork?
A) descriptivegargument
B) instrumentalgargument
C) normativegargument
D) fiduciarygargument
23) Theginstrumentalgargumentgstatesgthatgstakeholdergmanagementgis
A) agmoregrealisticgdescriptiongofghowgcompaniesgreallygwork.
B) moregeffectivegasgagcorporategstrategy.
C) simplygthegrightgthinggtogdo.
D) determinedgbygthegamountgofgstockgissued.
24) Thegfiduciarygdutygofgmanagersgbenefitsgagfirm's
A) shareholders.
B) customers.
C) employees.
D) Allgofgthesegchoicesgaregcorrect.
25) ThegmaingreasongagnumbergofgEuropeangcountriesgrequiregpublicgcompaniesgtoginclud
egemployeegmembersgongtheirgboardsgofgdirectorsgisgthat
A) thegemployeesgwillgbegavailablegtoganswergothergboardgmembers'gquestions.
B) managementgwillgnotghavegtogattendgthegmeetings.
C) employees'ginterestsgwillgbegexplicitlygrepresented.
D) employeesgwillghavegmoregpowergthanganygothergstakeholder.
26) Stakeholderggroupsgcanginclude
A) shareholders.
B) businessgsupportggroups.
C) environmentalgactivists.
D) Allgofgthesegchoicesgaregcorrect.
g g
BusinessgandgSocietygStakeholdersgEthicsgPublicgPolicyg17thgEditiongBygAnnegLaw
rence
Chapterg1-
19gAnswersgaregatgthegendgofgEachgchaptergChapterg1
Studentgname:
TRUE/FALSEg-gWriteg'T'gifgthegstatementgisgtruegandg'F'gifgthegstatementgisgfalse.
1) Agbusinessgisganygorganizationgthatgisgengagedgingmakinggagproductgorgprovidinggagservicegf
orgagprofit.
⊚g true
⊚g false
2) Thegtermgstakeholdergrefersgexclusivelygtogthegfoundersgofgagbusinessgorganization.
⊚g true
⊚g false
3) Businessesgandgsocietygaregindependentgofgeachgother.
⊚g true
⊚g false
4) Thegstakeholdergtheorygofgthegfirmgarguesgthatgagfirm’sgsolegpurposegisgtogcreateglong-
termgvaluegforgitsgshareholders.
⊚g true
⊚g false
5) Theginstrumentalgargumentgforgthegstakeholdergtheorygofgthegfirmgsaysgthatgcompanie
sgperformgbettergifgtheygconsidergthegrightsgandgconcernsgofgmultipleggroupsgingsocie
ty.
⊚g true
⊚g false
6) Thegnormativegargumentgforgthegstakeholdergtheorygofgthegfirmgsaysgthatgthegstakeholdergvie
wgisgsimplygagmoregrealisticgdescriptiongofghowgcompaniesgreallygwork.
⊚g true
⊚g false
,7) Nonmarketgstakeholdersgaregthosegthatgengagegingeconomicgtransactionsgwithgthegcompanyga
sgitgcarriesgoutgitsgprimarygpurposegofgprovidinggsocietygwithggoodsgandgservices.
⊚g true
⊚g false
8) Marketgstakeholdersgincludegnongovernmentalgorganizationsgandgbusinessgsupportggroups.
⊚g true
⊚g false
9) Governmentgcangbegconsideredgbothgagmarketgandgagnonmarketgstakeholder.
⊚g true
⊚g false
10) Theginterestsgofgdifferentgstakeholdersgoftengcoincide.
⊚g true
⊚g false
11) Thegfirstgstepgofgstakeholderganalysisgisgtogidentifygrelevantgstakeholders.
⊚g true
⊚g false
12) Somegscholarsghavegsuggestedgthatgmanagersgpaygthegmostgattentiongtogstakeholder
sgpossessinggthegleastgsalience.
⊚g true
⊚g false
13) Thegorganizationgofgagcorporation’sgboundary-spanninggfunctionsgisgcomplex.
⊚g true
⊚g false
14) Businessesgaregincreasinglygtryinggtogmeetgtheirgcommitmentsgtogmultiplegstakeholders.
⊚g true
⊚g false
15) Thegexternalgenvironmentgofgbusinessgisgstatic.
⊚g true
⊚g false
,MULTIPLEgCHOICEg-
gChoosegthegonegalternativegthatgbestgcompletesgthegstatementgorganswersgthegquestion.
16) Thegrelationshipgbetweengbusinessgandgsocietygisgmostgaccuratelygdescribedgbygwhic
hgstatement?
A) Businessgisgangunboundedgentitygwithingtheglargergboundedgentitygofgsociety.
B) Societygisgagdistinctgboundedgentitygwithingtheglargergboundedgentitygofgbusiness.
C) Businessgisgagdistinctgboundedgentitygseparategfromgthegboundedgentitygofgsociety.
D) Businessgisgagdistinctgboundedgentitygwithingtheglargergboundedgentitygofgsociety.
17) Accordinggtoggeneralgsystemsgtheory,gboundarygexchangesgaregexemplifiedgbygwhichgofgth
egfollowing?
A) Angindustrialgcompanyginstallsgnewgequipmentgingitsgplantgtogcomplygwit
hgenvironmentalgregulations.
B) Agsoftwaregcompanygdevelopsgangapplicationgforgagclient.
C) Agpurchasinggdepartmentgemployeegnegotiatesgagpricegongpartsgwithgagsupplier.
D) Allgofgthesegchoicesgaregcorrect.
18) Theginseparablegrelationshipgbetweengbusinessgandgsocietygresultsgingwhichgofgthegfollowing?
A) Allgbusinessgdecisionsghavegagsocialgimpact.
B) Thegvitalitygofgbusinessgdependsgongsociety'sgactionsgandgattitudes.
C) Thegsurvivalgofgbusinessgisgindependentgofgsociety.
D) Bothg“Allgbusinessgdecisionsghavegagsocialgimpact”gandg“Thegvitalitygofgbusines
sgdependsgongsociety’sgactionsgandgattitudes”garegcorrect.
19) Whichgofgthegfollowinggstatementsgisgnotgtruegaboutgtheginteractivegsocialgsystem?
A) Businessgandgsocietygneed,gasgwellgasginfluence,geachgother.
B) Thegboundarygbetweengbusinessgandgsocietygisgcleargandgdistinct.
C) Businessgisgagpartgofgsociety,gandgsocietygpenetratesgfargandgoftengintogbusiness.
D) Businessgandgsocietygaregbothgseparategandgconnected.
20) Agfirmgsubscribinggtogthegshareholdergtheorygofgthegfirmgwouldgmainlygbegconcernedgwit
hgprovidingglong-termgvaluegforgits
A) investors.
B) customers.
C) boardgofgDirectors.
D) community.
, 21) Corporationsgthatgfollowgthegstakeholdergtheorygofgthegfirmgcreategvaluegby
A) constantlyginnovatinggnewgproducts.
B) increasinggtheirgstockgprice.
C) developinggtheirgemployees’gskills.
D) Allgofgthesegchoicesgaregcorrect.
22) Whichgargumentgsaysgthatgstakeholdergmanagementgrealisticallygdepictsghowgcompanie
sgreallygwork?
A) descriptivegargument
B) instrumentalgargument
C) normativegargument
D) fiduciarygargument
23) Theginstrumentalgargumentgstatesgthatgstakeholdergmanagementgis
A) agmoregrealisticgdescriptiongofghowgcompaniesgreallygwork.
B) moregeffectivegasgagcorporategstrategy.
C) simplygthegrightgthinggtogdo.
D) determinedgbygthegamountgofgstockgissued.
24) Thegfiduciarygdutygofgmanagersgbenefitsgagfirm's
A) shareholders.
B) customers.
C) employees.
D) Allgofgthesegchoicesgaregcorrect.
25) ThegmaingreasongagnumbergofgEuropeangcountriesgrequiregpublicgcompaniesgtoginclud
egemployeegmembersgongtheirgboardsgofgdirectorsgisgthat
A) thegemployeesgwillgbegavailablegtoganswergothergboardgmembers'gquestions.
B) managementgwillgnotghavegtogattendgthegmeetings.
C) employees'ginterestsgwillgbegexplicitlygrepresented.
D) employeesgwillghavegmoregpowergthanganygothergstakeholder.
26) Stakeholderggroupsgcanginclude
A) shareholders.
B) businessgsupportggroups.
C) environmentalgactivists.
D) Allgofgthesegchoicesgaregcorrect.
