business and society stakeholders ethics public po
business and society stakeholders ethics public po
Connected book
Book Title:
Author(s):
Edition:
ISBN:
Edition:
More summaries for
TEST BANK for Business and Society 17th Edition by Lawrence & Weber, ISBN: 9781265079246, All 19 Chapters Covered, Verified Latest Edition
SOLUTION MANUAL for Business and Society Stakeholders Ethics Public Policy 17th Edition By Lawrence All Chapters 1 to 19 complete Verified editon ISBN:9781265079246
Test Bank for Business and Society: Stakeholders, Ethics, Public Policy 17th Edition by Lawrence
All for this textbook (21)
Written for
Business and Society Stakeholders Ethics Public
All documents for this subject (34)
Seller
Follow
ASolution
Reviews received
Content preview
Created BY: A Solution
TEST BANK FOR
Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne
Lawrence
Chapter 1-19 Answers are at the end of Each chapter
Chapter 1
Student name:
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) A business is any organization that is engaged in making a product or providing a service
for a profit.
⊚ true
⊚ false
2) The term stakeholder refers exclusively to the founders of a business organization.
⊚ true
⊚ false
3) Businesses and society are independent of each other.
⊚ true
⊚ false
4) The stakeholder theory of the firm argues that a firm’s sole purpose is to create long-term
value for its shareholders.
⊚ true
⊚ false
www.mytestbank.com
,Created BY: A Solution
5) The instrumental argument for the stakeholder theory of the firm says that companies
perform better if they consider the rights and concerns of multiple groups in society.
⊚ true
⊚ false
6) The normative argument for the stakeholder theory of the firm says that the stakeholder
view is simply a more realistic description of how companies really work.
⊚ true
⊚ false
7) 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.
⊚ true
⊚ false
8) Market stakeholders include nongovernmental organizations and business support
groups.
⊚ true
⊚ false
9) Government can be considered both a market and a nonmarket stakeholder.
⊚ true
⊚ false
10) The interests of different stakeholders often coincide.
www.mytestbank.com
,Created BY: A Solution
⊚ true
⊚ false
11) The first step of stakeholder analysis is to identify relevant stakeholders.
⊚ true
⊚ false
12) Some scholars have suggested that managers pay the most attention to stakeholders
possessing the least salience.
⊚ true
⊚ false
13) The organization of a corporation’s boundary-spanning functions is complex.
⊚ true
⊚ false
14) Businesses are increasingly trying to meet their commitments to multiple stakeholders.
⊚ true
⊚ false
15) The external environment of business is static.
⊚ true
⊚ false
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers
the question.
www.mytestbank.com
, Created BY: A Solution
16) The relationship between business and society is most accurately described by which
statement?
A) Business is an unbounded entity within the larger bounded entity of society.
B) Society is a distinct bounded entity within the larger bounded entity of business.
C) Business is a distinct bounded entity separate from the bounded entity of society.
D) Business is a distinct bounded entity within the larger bounded entity of society.
17) According to general systems theory, boundary exchanges are exemplified by which of
the following?
A) An industrial company installs new equipment in its plant to comply with environmental
regulations.
B) A software company develops an application for a client.
C) A purchasing department employee negotiates a price on parts with a supplier.
D) All of these choices are correct.
18) The inseparable relationship between business and society results in which of the
following?
A) All business decisions have a social impact.
B) The vitality of business depends on society's actions and attitudes.
C) The survival of business is independent of society.
D) Both “All business decisions have a social impact” and “The vitality of business depends
on society’s actions and attitudes” are correct.
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 between business and society is clear and distinct.
C) Business is a part of society, and society penetrates far and often into business.
www.mytestbank.com
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ASolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.37. You're not tied to anything after your purchase.
