Question 1

What stakeholder group(s) can exercise legal power?

Accepted Answer

A)   Employees.
B)   Customers.
C)   Shareholders.
D)   All of the above.

Question 2

Which of the following is not considered to be a nonmarket stakeholder?

Accepted Answer

A)   Government agencies.
B)   Creditors.
C)   Activist groups.
D)   Non-governmental organizations.

Question 3

Which one of the following is considered to be a nonmarket stakeholder of business?

Accepted Answer

A)   Customers.
B)   Nongovernmental organizations.
C)   Creditors.
D)   Stockholders.

Question 4

With the explosive growth of technologies that facilitate the sharing of information,this kind of stakeholder power has become increasingly important:

Accepted Answer

A)   Economic power.
B)   Political power.
C)   Informational power.
D)   Legal power.

Question 5

Discuss why a manager should,or should not,be considered a stakeholder.

Accepted Answer

A manager should be considered a stakeho...

Question 6

Which of the following statements is not true about the interactive social system?

Accepted Answer

A)   Business and society need, as well as influence, each other.
B)   The boundary between business and society is clear and distinct.
C)   Business is a part of society, and society penetrates far and often into the business.
D)   Business and society are both separate and connected.

Question 7

The phenomenon of a person or group holding multiple stakeholder duties is referred to as:

Accepted Answer

A)   Role sets.
B)   Primary stakeholder(s) .
C)   Ownership theory.
D)   None of the above.

Question 8

Nonmarket stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services.

Accepted Answer

A) True 
 B)False

Question 9

Compare and contrast the relationships a firm may have with market and non-market stakeholders.

Accepted Answer

A firm may have different types of relat...

Question 10

The external environment of business is static.

Accepted Answer

A) True 
 B)False

Question 11

A stakeholder analysis:

Accepted Answer

A)   Creates equality among all stakeholder interests.
B)   Allows managers to examine two primary questions.
C)   Involves understanding the nature of stakeholder interests.
D)   All of the above.

Question 12

Businesses and society are independent of one another.

Accepted Answer

A) True 
 B)False

Exam 1: The Corporation and Its Stakeholders

With the explosive growth of technologies that facilitate the sharing of information,this kind of stakeholder power has become increasingly important:

Correct Answer
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Businesses and society are independent of one another.

Correct Answer
verified

Discuss why a manager should,or should not,be considered a stakeholder.

Correct Answer
Answered by ExamLex AI
A manager should be considered a stakeho...
View Answer

Compare and contrast the relationships a firm may have with market and non-market stakeholders.

Correct Answer
Answered by ExamLex AI
A firm may have different types of relat...
View Answer

Which of the following is not considered to be a nonmarket stakeholder?

Correct Answer
verified

The external environment of business is static.

Correct Answer
verified

Nonmarket stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services.

Correct Answer
verified

What stakeholder group(s) can exercise legal power?

Correct Answer
verified

The phenomenon of a person or group holding multiple stakeholder duties is referred to as:

Correct Answer
verified

A stakeholder analysis:

Correct Answer
verified

Which of the following statements is not true about the interactive social system?

Correct Answer
verified

Which one of the following is considered to be a nonmarket stakeholder of business?

Correct Answer
verified

Exam 1: The Corporation and Its Stakeholders

With the explosive growth of technologies that facilitate the sharing of information,this kind of stakeholder power has become increasingly important:

Correct AnswerverifiedShow Answer

Businesses and society are independent of one another.

Correct AnswerverifiedShow Answer

Discuss why a manager should,or should not,be considered a stakeholder.

Correct AnswerAnswered by ExamLex AIA manager should be considered a stakeho...View AnswerShow Answer

Compare and contrast the relationships a firm may have with market and non-market stakeholders.

Correct AnswerAnswered by ExamLex AIA firm may have different types of relat...View AnswerShow Answer

Which of the following is not considered to be a nonmarket stakeholder?

Correct AnswerverifiedShow Answer

The external environment of business is static.

Correct AnswerverifiedShow Answer

Nonmarket stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services.

Correct AnswerverifiedShow Answer

What stakeholder group(s) can exercise legal power?

Correct AnswerverifiedShow Answer

The phenomenon of a person or group holding multiple stakeholder duties is referred to as:

Correct AnswerverifiedShow Answer

A stakeholder analysis:

Correct AnswerverifiedShow Answer

Which of the following statements is not true about the interactive social system?

Correct AnswerverifiedShow Answer

Which one of the following is considered to be a nonmarket stakeholder of business?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
A manager should be considered a stakeho...
View Answer

Correct Answer
Answered by ExamLex AI
A firm may have different types of relat...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified