Question 1

An interest or share in something is referred to as a(n)

Accepted Answer

A)  option. 
B)  ownership position. 
C)  stake. 
D)  bond. 
A)  option. 
B)  ownership position. 
C)  stake. 
D)  bond.

Question 2

The view of stakeholders that recognizes the firm's moral responsibilities to all stakeholders, but that they should not be seen as fiduciary obligations is called the

Accepted Answer

A)  strategic approach. 
B)  multifiduciary approach. 
C)  symbiotic approach. 
D)  stakeholder synthesis approach. 
A)  strategic approach. 
B)  multifiduciary approach. 
C)  symbiotic approach. 
D)  stakeholder synthesis approach.

Question 3

Responsibilities for stakeholder management include all of the following except

Accepted Answer

A)  social. 
B)  ethical. 
C)  philanthropic. 
D)  economic. 
A)  social. 
B)  ethical. 
C)  philanthropic. 
D)  economic.

Question 4

One of the reasons that the stakeholder model is becoming more popular is because the stakeholder environment is finally calming down after several decades of turbulence.

Accepted Answer

A) True 
 B)False

Question 5

The degree to which a stakeholder's claim requires immediate response is its

Accepted Answer

A)  power. 
B)  legitimacy. 
C)  urgency. 
D)  coercion. 
A)  power. 
B)  legitimacy. 
C)  urgency. 
D)  coercion.

Question 6

Business organizations must address the legitimate needs and expectations of stakeholders because

Accepted Answer

A)  it is required by law. 
B)  it is the right thing to do. 
C)  stakeholders force them to. 
D)  they will need to, in order to be successful in the long run. 
A)  it is required by law. 
B)  it is the right thing to do. 
C)  stakeholders force them to. 
D)  they will need to, in order to be successful in the long run.

Question 7

The key to effective stakeholder management is in its implementation.

Accepted Answer

A) True 
 B)False

Question 8

Which of the views of the firm recognizes the fewest stakeholders and is the least complex?

Accepted Answer

A)  production view 
B)  managerial view 
C)  ownership view 
D)  stakeholder view 
A)  production view 
B)  managerial view 
C)  ownership view 
D)  stakeholder view

Question 9

Because stakeholder challenges usually contain a risk of damage to the firm, they are given more attention than stakeholder opportunities in the textbook.

Accepted Answer

A) True 
 B)False

Question 10

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Describe the levels of stakeholder management capability.

Accepted Answer

Level 1, the rational level, is the prel

Question 11

A group of people who represents the interests of a nonhuman species (such as the natural environment) and does not have a direct stake in the firm is known as

Accepted Answer

A)  primary social stakeholders. 
B)  secondary social stakeholders. 
C)  primary nonsocial stakeholders. 
D)  secondary nonsocial stakeholders. 
A)  primary social stakeholders. 
B)  secondary social stakeholders. 
C)  primary nonsocial stakeholders. 
D)  secondary nonsocial stakeholders.

Question 12

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-Stakeholder management, with its normative content, holds out the promise of positive outcomes to the firms that use it. Discuss some of these expected outcomes and evaluate their likelihood of occurrence and their importance to the firm.

Accepted Answer

Researchers (Post, Preston, and Sachs, i

Question 13

The transactional level of stakeholder management capability requires companies to compete on the basis of their financial strength and tangible assets.

Accepted Answer

A) True 
 B)False

Question 14

The view of the firm that recognizes a wide variety of groups as stakeholders is the

Accepted Answer

A)  production view. 
B)  managerial view. 
C)  ownership view. 
D)  stakeholder view. 
A)  production view. 
B)  managerial view. 
C)  ownership view. 
D)  stakeholder view.

Question 15

A group of people who is able to influence the firm, but does not hold a direct stake in is known as

Accepted Answer

A)  primary social stakeholders. 
B)  secondary social stakeholders. 
C)  primary nonsocial stakeholders. 
D)  secondary nonsocial stakeholders. 
A)  primary social stakeholders. 
B)  secondary social stakeholders. 
C)  primary nonsocial stakeholders. 
D)  secondary nonsocial stakeholders.

Question 16

Stakeholders that are perceived to have high levels of power, legitimacy, and urgency are referred to as

Accepted Answer

A)  dormant stakeholders. 
B)  demanding stakeholders. 
C)  discretionary stakeholders. 
D)  definitive stakeholders. 
A)  dormant stakeholders. 
B)  demanding stakeholders. 
C)  discretionary stakeholders. 
D)  definitive stakeholders.

Question 17

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-The textbook provides an example of stakeholder attributes when it discusses the case of Home Depot, old growth wood, and environmental activists. Discuss this case in terms of the environmental group's legitimacy, power, and urgency.

Accepted Answer

The textbook states that the environment

Question 18

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Stakeholders present both opportunities and challenges to the firm. Why does the textbook choose to focus only on the challenges?

Accepted Answer

The authors state that stakeholder oppor

Question 19

To get a corporation to respond to its demands a stakeholder must hold all three attributes of power, legitimacy, and urgency.

Accepted Answer

A) True 
 B)False

Question 20

A major distinction between the managerial view of the firm and the stakeholder view is the recognition that groups who think they have a stake in the firm are properly included as stakeholders, whether managers of the firm agree with them or not.

Accepted Answer

A) True 
 B)False

An interest or share in something is referred to as a(n)

The view of stakeholders that recognizes the firm's moral responsibilities to all stakeholders, but that they should not be seen as fiduciary obligations is called the

Responsibilities for stakeholder management include all of the following except

One of the reasons that the stakeholder model is becoming more popular is because the stakeholder environment is finally calming down after several decades of turbulence.

The degree to which a stakeholder's claim requires immediate response is its

Business organizations must address the legitimate needs and expectations of stakeholders because

The key to effective stakeholder management is in its implementation.

Which of the views of the firm recognizes the fewest stakeholders and is the least complex?

Because stakeholder challenges usually contain a risk of damage to the firm, they are given more attention than stakeholder opportunities in the textbook.

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Describe the levels of stakeholder management capability.

A group of people who represents the interests of a nonhuman species (such as the natural environment) and does not have a direct stake in the firm is known as

The transactional level of stakeholder management capability requires companies to compete on the basis of their financial strength and tangible assets.

The view of the firm that recognizes a wide variety of groups as stakeholders is the

A group of people who is able to influence the firm, but does not hold a direct stake in is known as

Stakeholders that are perceived to have high levels of power, legitimacy, and urgency are referred to as

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Stakeholders present both opportunities and challenges to the firm. Why does the textbook choose to focus only on the challenges?

To get a corporation to respond to its demands a stakeholder must hold all three attributes of power, legitimacy, and urgency.

A major distinction between the managerial view of the firm and the stakeholder view is the recognition that groups who think they have a stake in the firm are properly included as stakeholders, whether managers of the firm agree with them or not.

The Business and Society Relationship.

Corporate Social Responsibility, Citizenship, and Sustainability.

Corporate Governance: Foundational Issues.

Strategic Management and Corporate Public Affairs.

Risk, Issue, and Crisis Management.

Business Ethics Essentials

Managerial and Organizational Ethics.

Business Ethics and Technology.

Ethical Issues in the Global Arena.

Business, Government, and Regulation.

Business Influence on Government and Public Policy.

Consumer Stakeholders: Information Issues

Consumer Stakeholders: Product and Service Issues.

Sustainability and the Natural Environment.

Business and Community Stakeholders.

Employee Stakeholders and Workplace Issues.

Employee Stakeholders: Privacy, Safety, and Health.

Employment Discrimination and Workplace Diversity

Filters

Exam 3: The Stakeholder Approach to Business, Society, and Ethics.

An interest or share in something is referred to as a(n)

The view of stakeholders that recognizes the firm's moral responsibilities to all stakeholders, but that they should not be seen as fiduciary obligations is called the

Responsibilities for stakeholder management include all of the following except

One of the reasons that the stakeholder model is becoming more popular is because the stakeholder environment is finally calming down after several decades of turbulence.

The degree to which a stakeholder's claim requires immediate response is its

Business organizations must address the legitimate needs and expectations of stakeholders because

The key to effective stakeholder management is in its implementation.

Which of the views of the firm recognizes the fewest stakeholders and is the least complex?

Because stakeholder challenges usually contain a risk of damage to the firm, they are given more attention than stakeholder opportunities in the textbook.

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Describe the levels of stakeholder management capability.

A group of people who represents the interests of a nonhuman species (such as the natural environment) and does not have a direct stake in the firm is known as

The transactional level of stakeholder management capability requires companies to compete on the basis of their financial strength and tangible assets.

The view of the firm that recognizes a wide variety of groups as stakeholders is the

A group of people who is able to influence the firm, but does not hold a direct stake in is known as

Stakeholders that are perceived to have high levels of power, legitimacy, and urgency are referred to as

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Stakeholders present both opportunities and challenges to the firm. Why does the textbook choose to focus only on the challenges?

To get a corporation to respond to its demands a stakeholder must hold all three attributes of power, legitimacy, and urgency.

A major distinction between the managerial view of the firm and the stakeholder view is the recognition that groups who think they have a stake in the firm are properly included as stakeholders, whether managers of the firm agree with them or not.

The Business and Society Relationship.

Corporate Social Responsibility, Citizenship, and Sustainability.

Corporate Governance: Foundational Issues.

Strategic Management and Corporate Public Affairs.

Risk, Issue, and Crisis Management.

Business Ethics Essentials

Managerial and Organizational Ethics.

Business Ethics and Technology.

Ethical Issues in the Global Arena.

Business, Government, and Regulation.

Business Influence on Government and Public Policy.

Consumer Stakeholders: Information Issues

Consumer Stakeholders: Product and Service Issues.

Sustainability and the Natural Environment.

Business and Community Stakeholders.

Employee Stakeholders and Workplace Issues.

Employee Stakeholders: Privacy, Safety, and Health.

Employment Discrimination and Workplace Diversity

Filters