Question 1

Which argument says that stakeholder management realistically depicts how companies really work?

Accepted Answer

A)   Descriptive argument.
B)   Instrumental argument.
C)   Normative argument.
D)   Fiduciary argument.

Question 2

The five types of stakeholders' power recognized by most experts are:

Accepted Answer

A)   Voting, economic, political, legal, and informational power.
B)   Social, legal, environmental, economic, and political power.
C)   Social, regulatory, voting, governance, and media power.
D)   Economic, media, legal, stockholder, and political power.

Question 3

A stakeholder map is a useful tool because:

Accepted Answer

A)   It enables mangers to see quickly how stakeholders feel about an issue.
B)   It allows managers to evaluate what outcomes are likely regarding an issue.
C)   It helps managers discourage or dissolve stakeholder coalitions.
D)   Both A and B, but not

Question 4

Businesses and society are independent of one another.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not an example of stakeholders' economic power?

Accepted Answer

A)   A toy manufacturer halts supplies to a customer that demanded very low prices.
B)   A social group protests a government's decision to raise taxes.
C)   A local community boycotts a grocery store suspected of inaccurate weight scales.
D)   An equal rights group refuses to do business with a business that has a discriminatory hiring policy.

Question 6

Explain the process called stakeholder analysis.Include a description of its four key questions.

Accepted Answer

Stakeholder analysis is a process used t...

Question 7

What stakeholder group(s) can exercise legal power?

Accepted Answer

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

Question 8

Stakeholders have been able to form international coalitions more successfully through use of:

Accepted Answer

A)   Government regulation.
B)   Community involvement.
C)   Communications technology.
D)   Unions.

Question 9

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 10

Supporters of the stakeholder theory of the firm make three core arguments for their position.Define and provide examples of each.

Accepted Answer

The stakeholder theory of the firm argue...

Question 11

A business is any organization that is engaged in making a product or providing a service for a profit.

Accepted Answer

A) True 
 B)False

Question 12

The interests of different stakeholders often coincide.

Accepted Answer

A) True 
 B)False

Question 13

Walmart has been called a "template for 21st century capitalism."

Accepted Answer

A) True 
 B)False

Question 14

The external environment of business is static.

Accepted Answer

A) True 
 B)False

Question 15

Some scholars have suggested that managers pay the most attention to stakeholders possessing the least salience.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A manager should be considered a stakeho...

Question 17

Departments,or offices,within an organization that reach across the dividing line that separates the company from groups and people in society are:

Accepted Answer

A)   Inter-departmental divisions.
B)   Geographical location areas.
C)   Boundary-spanning departments.
D)   Organizational maps.

Question 18

Describe and give examples of the external forces that shape the relationship between business and society.

Accepted Answer

The relationship between business and so...

Question 19

What is a stakeholder map? Why is it a useful tool?

Accepted Answer

A stakeholder map is a visual representa...

Question 20

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.

Exam 1: The Corporation and Its Stakeholders

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

Correct AnswerverifiedShow Answer

Which argument says that stakeholder management realistically depicts how companies really work?

Correct AnswerverifiedShow Answer

A business is any organization that is engaged in making a product or providing a service for a profit.

Correct AnswerverifiedShow Answer

What stakeholder group(s) can exercise legal power?

Correct AnswerverifiedShow Answer

Some scholars have suggested that managers pay the most attention to stakeholders possessing the least salience.

Correct AnswerverifiedShow Answer

A stakeholder map is a useful tool because:

Correct AnswerverifiedShow Answer

Businesses and society are independent of one another.

Correct AnswerverifiedShow Answer

Which of the following is not an example of stakeholders' economic power?

Correct AnswerverifiedShow Answer

Describe and give examples of the external forces that shape the relationship between business and society.

Correct AnswerAnswered by ExamLex AIThe relationship between business and so...View AnswerShow 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

Departments,or offices,within an organization that reach across the dividing line that separates the company from groups and people in society are:

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

The five types of stakeholders' power recognized by most experts are:

Correct AnswerverifiedShow Answer

Explain the process called stakeholder analysis.Include a description of its four key questions.

Correct AnswerAnswered by ExamLex AIStakeholder analysis is a process used t...View AnswerShow Answer

The interests of different stakeholders often coincide.

Correct AnswerverifiedShow Answer

The external environment of business is static.

Correct AnswerverifiedShow Answer

Stakeholders have been able to form international coalitions more successfully through use of:

Correct AnswerverifiedShow Answer

Walmart has been called a "template for 21st century capitalism."

Correct AnswerverifiedShow Answer

What is a stakeholder map? Why is it a useful tool?

Correct AnswerAnswered by ExamLex AIA stakeholder map is a visual representa...View AnswerShow Answer

Supporters of the stakeholder theory of the firm make three core arguments for their position.Define and provide examples of each.

Correct AnswerAnswered by ExamLex AIThe stakeholder theory of the firm argue...View AnswerShow 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

Correct Answer
Answered by ExamLex AI
The relationship between business and so...
View Answer

Correct Answer
verified

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Stakeholder analysis is a process used t...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Walmart has been called a "template for 21^st century capitalism."

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
A stakeholder map is a visual representa...
View Answer

Correct Answer
Answered by ExamLex AI
The stakeholder theory of the firm argue...
View Answer