Question 1

Which of the following is not a method typically employed by firms when researching relevant stakeholder groups?

Accepted Answer

A) Surveys 
B) Focus groups 
C) Internet searches 
D) Press reviews 
E) Guessing 
A) Surveys 
B) Focus groups 
C) Internet searches 
D) Press reviews 
E) Guessing

Question 2

Stakeholders' power over businesses stems from their

Accepted Answer

A) ability to withdraw or withhold resources. 
B) ability to generate profits. 
C) media impact. 
D) political influence. 
E) stock ownership. 
A) ability to withdraw or withhold resources. 
B) ability to generate profits. 
C) media impact. 
D) political influence. 
E) stock ownership.

Question 3

When unethical acts are discovered in a firm,in most instances

Accepted Answer

A) they are caused by unwilling participants. 
B) the cause is due to external stakeholders. 
C) the perpetrators are caught and prosecuted. 
D) there was knowing cooperation or complicity from within the company. 
E) the cause is a corrupt Board of Directors. 
A) they are caused by unwilling participants. 
B) the cause is due to external stakeholders. 
C) the perpetrators are caught and prosecuted. 
D) there was knowing cooperation or complicity from within the company. 
E) the cause is a corrupt Board of Directors.

Question 4

Which of the following is not associated with the stakeholder interaction model?

Accepted Answer

A) Involves a two-way relationship between firm and stakeholders 
B) Recognizes the input of investors,employees,and suppliers 
C) Explicitly acknowledges dialogue with a firm's internal environment 
D) Explicitly acknowledges dialogue with a firm's external environment 
E) Identifies the mass media,special interest groups,competitors,and trade associations as primary stakeholders 
A) Involves a two-way relationship between firm and stakeholders 
B) Recognizes the input of investors,employees,and suppliers 
C) Explicitly acknowledges dialogue with a firm's internal environment 
D) Explicitly acknowledges dialogue with a firm's external environment 
E) Identifies the mass media,special interest groups,competitors,and trade associations as primary stakeholders

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) Theodore Levitt. 
C) Norman Bowie. 
D) Herman Miller 
E) Milton Friedman. 
A) Adam Smith. 
B) Theodore Levitt. 
C) Norman Bowie. 
D) Herman Miller 
E) Milton Friedman.

Question 6

Which of the following are not typically primary stakeholders?

Accepted Answer

A) Customers 
B) Trade associations 
C) Employees 
D) Shareholders 
E) Suppliers 
A) Customers 
B) Trade associations 
C) Employees 
D) Shareholders 
E) Suppliers

Question 7

Those who have a claim in some aspect of a firm's products,operations,markets,industry,and outcomes are known as

Accepted Answer

A) shareholders. 
B) stockholders. 
C) stakeholders. 
D) claimholders. 
E) special-interest groups. 
A) shareholders. 
B) stockholders. 
C) stakeholders. 
D) claimholders. 
E) special-interest groups.

Question 8

Public health and safety and support of local organizations are issues most relevant to which stakeholder group?

Accepted Answer

A) Investors 
B) Community 
C) Suppliers 
D) Customers 
E) Employees 
A) Investors 
B) Community 
C) Suppliers 
D) Customers 
E) Employees

Question 9

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) Legal,economic,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) Legal,economic,ethical,and philanthropic 
E) Economic,compliance,legal,and philanthropic

Question 10

Which of the following is not a benefit that primary stakeholders tend to provide to organizations?

Accepted Answer

A) Supplies of capital and resources. 
B) Expertise and leadership 
C) Word-of-mouth promotion 
D) Infrastructure 
E) Pro-bono bookkeeping 
A) Supplies of capital and resources. 
B) Expertise and leadership 
C) Word-of-mouth promotion 
D) Infrastructure 
E) Pro-bono bookkeeping

Question 11

The specific steps for implementing the stakeholder perspective do not include which of the following?

Accepted Answer

A) Identifying stakeholder groups 
B) Identifying stakeholder issues 
C) Identifying and gaining stakeholder feedback 
D) Identifying and gaining government feedback 
E) Assessing organizational commitment to social responsibility groups 
A) Identifying stakeholder groups 
B) Identifying stakeholder issues 
C) Identifying and gaining stakeholder feedback 
D) Identifying and gaining government feedback 
E) Assessing organizational commitment to social responsibility groups

Question 12

The term used to express how a firm meets its stakeholder expectations of its economic,legal,ethical,and philanthropic responsibilities is

Accepted Answer

A) reputation. 
B) corporate citizenship. 
C) corporate ethical audit. 
D) ethical citizenship. 
E) fiduciary duties. 
A) reputation. 
B) corporate citizenship. 
C) corporate ethical audit. 
D) ethical citizenship. 
E) fiduciary duties.

Question 13

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

Accepted Answer

Students could choose from any of severa

Question 14

The model is founded in classic economic precepts.

Accepted Answer

A) economic 
B) shareholder 
C) stakeholder 
D) board 
E) ISO 
A) economic 
B) shareholder 
C) stakeholder 
D) board 
E) ISO

Question 15

Compare and contrast the stakeholder and shareholder models of corporate governance.

Accepted Answer

The shareholder model of corporate gover

Question 16

One policy to address the issue of executive pay was implemented by J.P.Morgan,it stated that

Accepted Answer

A) there should be no limit on what top executives can earn. 
B) managers should earn no more than twenty times the pay of other employees. 
C) top managers should make the same amount as other employees. 
D) employees can determine how much managers make. 
E) the government should determine the worth of each manager's service. 
A) there should be no limit on what top executives can earn. 
B) managers should earn no more than twenty times the pay of other employees. 
C) top managers should make the same amount as other employees. 
D) employees can determine how much managers make. 
E) the government should determine the worth of each manager's service.

Question 17

A stakeholder orientation can be viewed as a(n)

Accepted Answer

A) necessity for business success. 
B) continuum. 
C) polarizing concept. 
D) good marketing ploy. 
E) expensive proposition. 
A) necessity for business success. 
B) continuum. 
C) polarizing concept. 
D) good marketing ploy. 
E) expensive proposition.

Question 18

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 not a major issue. 
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 not a major issue.

Question 19

Which of the following is a major ethical concern among corporate boards of directors?

Accepted Answer

A) Compensation 
B) The non-traditional directorship approach 
C) Dividend reporting 
D) Corporate social audits 
E) Debt swaps 
A) Compensation 
B) The non-traditional directorship approach 
C) Dividend reporting 
D) Corporate social audits 
E) Debt swaps

Which of the following is not a method typically employed by firms when researching relevant stakeholder groups?

Stakeholders' power over businesses stems from their

When unethical acts are discovered in a firm,in most instances

Which of the following is not associated with the stakeholder interaction model?

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

Which of the following are not typically primary stakeholders?

Those who have a claim in some aspect of a firm's products,operations,markets,industry,and outcomes are known as

Public health and safety and support of local organizations are issues most relevant to which stakeholder group?

What are the four levels of social responsibility?

Which of the following is not a benefit that primary stakeholders tend to provide to organizations?

The specific steps for implementing the stakeholder perspective do not include which of the following?

The term used to express how a firm meets its stakeholder expectations of its economic,legal,ethical,and philanthropic responsibilities is

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

The model is founded in classic economic precepts.

Compare and contrast the stakeholder and shareholder models of corporate governance.

One policy to address the issue of executive pay was implemented by J.P.Morgan,it stated that

A stakeholder orientation can be viewed as a(n)

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

Which of the following is a major ethical concern among corporate boards of directors?

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

Exploring Business Ethics, Social Responsibility, and Compliance Programs

Filters

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

Which of the following is not a method typically employed by firms when researching relevant stakeholder groups?

Stakeholders' power over businesses stems from their

When unethical acts are discovered in a firm,in most instances

Which of the following is not associated with the stakeholder interaction model?

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

Which of the following are not typically primary stakeholders?

Those who have a claim in some aspect of a firm's products,operations,markets,industry,and outcomes are known as

Public health and safety and support of local organizations are issues most relevant to which stakeholder group?

What are the four levels of social responsibility?

Which of the following is not a benefit that primary stakeholders tend to provide to organizations?

The specific steps for implementing the stakeholder perspective do not include which of the following?

The term used to express how a firm meets its stakeholder expectations of its economic,legal,ethical,and philanthropic responsibilities is

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

The model is founded in classic economic precepts.

Compare and contrast the stakeholder and shareholder models of corporate governance.

One policy to address the issue of executive pay was implemented by J.P.Morgan,it stated that

A stakeholder orientation can be viewed as a(n)

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

Which of the following is a major ethical concern among corporate boards of directors?

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

Exploring Business Ethics, Social Responsibility, and Compliance Programs

Filters