BUS100 GMU Final Exam || with 100% Verified Solutions.
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Course
BUS100 GMU F
Institution
BUS100 GMU F
boundary-spanning department correct answers departments within an organization that reach across the dividing line that separates the company from groups and people in society.
business correct answers the most dominant institution in the world.
external stakeholder correct answers a stakeho...
BUS100 GMU Final Exam || with 100% Verified Solutions.
boundary-spanning department correct answers departments within an organization that reach across the dividing line that separates the company from groups and people in society.
business correct answers the most dominant institution in the world.
external stakeholder correct answers a stakeholder that is not directly involved with the company. Ex. Government.
focal organization correct answers the main/relevant business whose perspective the analysis is from.
general systems theory correct answers argues all organisms are open to and interact with their external environments.
interactive social system correct answers systems theorys help us understand how business and society from an interactive social system.
internal stakeholder correct answers a stakeholder that is directly involved with the company. Ex.
Employee.
ownership theory of the firm correct answers the business is seen as property of the owners. The purpose is to maximize long-term market value.
society correct answers refers to human beings and the social structures they colletively create.
stakeholder correct answers "a person or group that affect, or are affected by a companies decisions, policies, and operations. "
stakeholder analysis correct answers to identify relevant stakeholders and understand their intesrets and power
stakeholder coalitions correct answers temporary alliance that pursues a common interest.
stakeholder (market) correct answers stakeholders that engage in economic transaction with the company.
stakeholder (nonmarket) correct answers stakeholders that do not engage in economic transaction
with the company.
stakeholder map correct answers map that represents the relationship of stakeholders. x = position y= saliance.
stakeholder power correct answers stakeholders ability to use resources to secure a desired outcome. salience correct answers "measure of power, legitmacy, and urgency. "
stakeholder theory of the firm correct answers corporations serve a broad public purpose: to create value for society.
competitive intelligence correct answers understanding competition
environmental analysis correct answers method managers use to gather information about external issues and trends to develop a strategy that minimizes threat.
intelligence correct answers is the acquistion of information gained from analysis.
performance-expectations gap correct answers a gap between what the firms wants to do vs what
stakeholders expect.
stakeholder dialouge correct answers when a business and its stakeholder come together face to face about issues of common concern.
stakeholder materiality correct answers focuses on the importance of something.
B corporation correct answers businesses that explicitly seek to balance the interset of multiple stakeholders. They focus on social responsibilty and citizenship by blending their social objectives with financial goals.
corporate citizenship correct answers the actions they take to put their commitments to corporate social responibility.
corporate power correct answers the power exerted by the largest business organizations.
corporate social reporting correct answers corportate social responsibility correct answers enlightened self-interest correct answers integrated reporting correct answers iron law of responsibility correct answers in the long run those who don't use power in ways that society sees has responsible will lose it.
social audit correct answers evaluation of an organizations social ethical and environmental performance.
transparency correct answers companies seek value in being transparent when it comes to audits.
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