Question 1

Which of the following is one of an organization's greatest intangible assets with tangible values?

Accepted Answer

A) Reputation 
B) Profitability 
C) Philanthropic activities 
D) Corporate governance 
E) Shareholder value 
A) Reputation 
B) Profitability 
C) Philanthropic activities 
D) Corporate governance 
E) Shareholder value

Question 2

Directors share a ______, which means all their decisions should be in the best interests of the corporation and its stakeholders.

Accepted Answer

A) duty of loyalty 
B) duty of oversight 
C) duty to audit 
D) duty of control 
E) duty of cooperation 
A) duty of loyalty 
B) duty of oversight 
C) duty to audit 
D) duty of control 
E) duty of cooperation

Question 3

The normative approach ______________________.

Accepted Answer

A) focuses on the actual behavior of the firm and usually addresses how decisions and strategies are made for stakeholder relationships 
B) describes what happens if firms behave in a particular way 
C) is the degree to which a firm understands and addresses stakeholder demands 
D) describes reciprocal relationships between the firm and a host of stakeholders 
E) identifies guidelines that dictate how firms should treat stakeholders 
A) focuses on the actual behavior of the firm and usually addresses how decisions and strategies are made for stakeholder relationships 
B) describes what happens if firms behave in a particular way 
C) is the degree to which a firm understands and addresses stakeholder demands 
D) describes reciprocal relationships between the firm and a host of stakeholders 
E) identifies guidelines that dictate how firms should treat stakeholders

Question 4

What are the four levels of social responsibility?

Accepted Answer

A) Financial, religious, ethical, and philanthropic 
B) Ethical, philanthropic, selfish, and short-sighted 
C) Economic, long-term, ethical, and philanthropic. 
D) Economic, legal, ethical, and philanthropic 
E) Economic, compliance, legal, and philanthropic 
A) Financial, religious, ethical, and philanthropic 
B) Ethical, philanthropic, selfish, and short-sighted 
C) Economic, long-term, ethical, and philanthropic. 
D) Economic, legal, ethical, and philanthropic 
E) Economic, compliance, legal, and philanthropic

Question 5

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with

Accepted Answer

A) Adam Smith. 
B) Archie Carroll. 
C) Jack Ma. 
D) Noel Biderman 
E) Milton Friedman. 
A) Adam Smith. 
B) Archie Carroll. 
C) Jack Ma. 
D) Noel Biderman 
E) Milton Friedman.

Question 6

Accountability, oversight, and control all fall under the definition and implementation of corporate

Accepted Answer

A) profit. 
B) loyalty. 
C) care. 
D) governance. 
E) diligence. 
A) profit. 
B) loyalty. 
C) care. 
D) governance. 
E) diligence.

Question 7

Discuss three corporate governance issues, why they are defined as issues, and how you would solve them. Use examples in your answer.

Accepted Answer

Three corporate governance issues that a

Question 8

Why do critics argue that high compensation for boards of directors is a bad thing?

Accepted Answer

A) It is too expensive for the organization. 
B) It could cause conflicts of interest between the directors and the organization. 
C) It is not fair to poorly compensated employees. 
D) High pay will render the board less complacent. 
E) Board of director compensation is negatively related to corporate growth. 
A) It is too expensive for the organization. 
B) It could cause conflicts of interest between the directors and the organization. 
C) It is not fair to poorly compensated employees. 
D) High pay will render the board less complacent. 
E) Board of director compensation is negatively related to corporate growth.

Question 9

A firm that makes use of a _____ recognizes other stakeholders beyond investors, employees, and suppliers, and explicitly acknowledges the two-way dialog that exists between a firm's internal and external environments.

Accepted Answer

A) stakeholder model of socially responsible corporate governance 
B) stakeholder bias 
C) code of ethics 
D) stakeholder interaction model 
E) corporate interface model 
A) stakeholder model of socially responsible corporate governance 
B) stakeholder bias 
C) code of ethics 
D) stakeholder interaction model 
E) corporate interface model

Question 10

Why is it important for businesses to recognize secondary stakeholder groups?

Accepted Answer

A) They are absolutely necessary for the firm's survival. 
B) They include the employees necessary for the firm's success. 
C) They usually have more power than primary stakeholders. 
D) They provide vital resources that companies need. 
E) They have legitimacy and can exert power. 
A) They are absolutely necessary for the firm's survival. 
B) They include the employees necessary for the firm's success. 
C) They usually have more power than primary stakeholders. 
D) They provide vital resources that companies need. 
E) They have legitimacy and can exert power.

Which of the following is one of an organization's greatest intangible assets with tangible values?

Directors share a ______, which means all their decisions should be in the best interests of the corporation and its stakeholders.

The normative approach ______________________.

What are the four levels of social responsibility?

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with

Accountability, oversight, and control all fall under the definition and implementation of corporate

Discuss three corporate governance issues, why they are defined as issues, and how you would solve them. Use examples in your answer.

Why do critics argue that high compensation for boards of directors is a bad thing?

A firm that makes use of a _____ recognizes other stakeholders beyond investors, employees, and suppliers, and explicitly acknowledges the two-way dialog that exists between a firm's internal and external environments.

Why is it important for businesses to recognize secondary stakeholder groups?

The Importance of Business Ethics

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision Making

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters

Exam 2: Stakeholder Relationships, Social Responsibility, and Corporate Governance

Which of the following is one of an organization's greatest intangible assets with tangible values?

Directors share a ______, which means all their decisions should be in the best interests of the corporation and its stakeholders.

The normative approach ______________________.

What are the four levels of social responsibility?

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with

Accountability, oversight, and control all fall under the definition and implementation of corporate

Discuss three corporate governance issues, why they are defined as issues, and how you would solve them. Use examples in your answer.

Why do critics argue that high compensation for boards of directors is a bad thing?

A firm that makes use of a _____ recognizes other stakeholders beyond investors, employees, and suppliers, and explicitly acknowledges the two-way dialog that exists between a firm's internal and external environments.

Why is it important for businesses to recognize secondary stakeholder groups?

The Importance of Business Ethics

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision Making

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters