Question 1

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 2

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 3

A broader view of social responsibility?

Accepted Answer

A) views customers as the most important stakeholder. 
B) takes into account a shareholder orientation. 
C) prioritizes all stakeholders the same way. 
D) considers the long-term welfare of society. 
E) emphasizes adherence to law as the highest priority. 
A) views customers as the most important stakeholder. 
B) takes into account a shareholder orientation. 
C) prioritizes all stakeholders the same way. 
D) considers the long-term welfare of society. 
E) emphasizes adherence to law as the highest priority.

Question 4

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 5

The final step in implementing a stakeholder perspective is identifying stakeholders.?

Accepted Answer

A) True 
 B)False

Question 6

The purpose of a stakeholder orientation is to

Accepted Answer

A) emphasize shareholders and provide them with a return on their investment. 
B) maximize positive outcomes that meet stakeholder needs. 
C) enhance the profitability of the firm. 
D) determine which stakeholders to address and which to ignore. 
E) allow stakeholders to determine the limits of executive compensation. 
A) emphasize shareholders and provide them with a return on their investment. 
B) maximize positive outcomes that meet stakeholder needs. 
C) enhance the profitability of the firm. 
D) determine which stakeholders to address and which to ignore. 
E) allow stakeholders to determine the limits of executive compensation.

Question 7

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) Secondary stakeholders 
E) Debt swaps 
A) Compensation 
B) The non-traditional directorship approach 
C) Dividend reporting 
D) Secondary stakeholders 
E) Debt swaps

Question 8

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 9

Government regulators are a secondary stakeholder.?

Accepted Answer

A) True 
 B)False

Question 10

A stakeholder orientation is not complete unless it includes

Accepted Answer

A) clear accounting procedures. 
B) major financing activities. 
C) marketing strategy. 
D) feedback from special-interest groups. 
E) activities that actually address stakeholder issues. 
A) clear accounting procedures. 
B) major financing activities. 
C) marketing strategy. 
D) feedback from special-interest groups. 
E) activities that actually address stakeholder issues.

Question 11

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 12

The degree to which a firm understands and addresses stakeholder demands can be referred to as

Accepted Answer

A) a stakeholder orientation. 
B) a shareholder orientation. 
C) the stakeholder interaction model. 
D) a two-way street. 
E) a continuum. 
A) a stakeholder orientation. 
B) a shareholder orientation. 
C) the stakeholder interaction model. 
D) a two-way street. 
E) a continuum.

Question 13

The first of the three activities that are associated with the stakeholder orientation is the

Accepted Answer

A) organization-wide generation of data. 
B) organization's responsiveness to intelligence. 
C) set of consumer attributes identified. 
D) organizational strategy of target markets. 
E) human relations department's set of priorities. 
A) organization-wide generation of data. 
B) organization's responsiveness to intelligence. 
C) set of consumer attributes identified. 
D) organizational strategy of target markets. 
E) human relations department's set of priorities.

Question 14

_________________ is the idea that because people live in a community,social rules should benefit the community.

Accepted Answer

A) The stakeholder interaction model 
B) Consumer protection 
C) The common good 
D) Sustainability 
E) Corporate governance 
A) The stakeholder interaction model 
B) Consumer protection 
C) The common good 
D) Sustainability 
E) Corporate governance

Question 15

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 16

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 17

What is the first step in implementing a stakeholder perspective in an organization?

Accepted Answer

A) Identifying resources and determining urgency 
B) Identifying stakeholder groups 
C) Identifying stakeholder issues 
D) Assessing the corporate culture 
E) Assessing organizational commitment to social responsibility 
A) Identifying resources and determining urgency 
B) Identifying stakeholder groups 
C) Identifying stakeholder issues 
D) Assessing the corporate culture 
E) Assessing organizational commitment to social responsibility

Question 18

Some economists believe that if companies address economic and legal issues,they are satisfying the demands of society,and that trying to anticipate and meet additional needs would be almost impossible.Which economist's theory are they following most closely with this belief?

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 19

A stakeholder group that is absolutely necessary for a firm's survival is defined as

Accepted Answer

A) direct. 
B) tertiary. 
C) secondary. 
D) special-interest. 
E) primary. 
A) direct. 
B) tertiary. 
C) secondary. 
D) special-interest. 
E) primary.

Question 20

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.

A stakeholder orientation can be viewed as a(n)

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

A broader view of social responsibility?

Stakeholders' power over businesses stems from their

The final step in implementing a stakeholder perspective is identifying stakeholders.?

The purpose of a stakeholder orientation is to

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

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

Government regulators are a secondary stakeholder.?

A stakeholder orientation is not complete unless it includes

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

The degree to which a firm understands and addresses stakeholder demands can be referred to as

The first of the three activities that are associated with the stakeholder orientation is the

_________________ is the idea that because people live in a community,social rules should benefit the community.

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

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

What is the first step in implementing a stakeholder perspective in an organization?

Some economists believe that if companies address economic and legal issues,they are satisfying the demands of society,and that trying to anticipate and meet additional needs would be almost impossible.Which economist's theory are they following most closely with this belief?

A stakeholder group that is absolutely necessary for a firm's survival is defined as

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

A stakeholder orientation can be viewed as a(n)

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

A broader view of social responsibility?

Stakeholders' power over businesses stems from their

The final step in implementing a stakeholder perspective is identifying stakeholders.?

The purpose of a stakeholder orientation is to

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

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

Government regulators are a secondary stakeholder.?

A stakeholder orientation is not complete unless it includes

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

The degree to which a firm understands and addresses stakeholder demands can be referred to as

The first of the three activities that are associated with the stakeholder orientation is the

_________________ is the idea that because people live in a community,social rules should benefit the community.

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

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

What is the first step in implementing a stakeholder perspective in an organization?

Some economists believe that if companies address economic and legal issues,they are satisfying the demands of society,and that trying to anticipate and meet additional needs would be almost impossible.Which economist's theory are they following most closely with this belief?

A stakeholder group that is absolutely necessary for a firm's survival is defined as

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