BUS100 Quizzes
Stakeholder engagement is, at its core, a:
relationship
Which statement is not correct about the business-society interdependence?
Actions by governments rarely affect business.
Corporations that run their operations according to the stakeholder theory of the firm create value by:
All of these answers are correct.
Stakeholder groups can include:
All of these answers are correct.
An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called:
B Corporation.
Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because:
Both of these answers are correct.
Which of the following is the result of the inseparable relationship between business and society?
Both of these answers are correct: All business decisions have a social impact and the vitality of business depends on society's actions and attitudes.
Which of the following statements is true about corporate social responsibility?
Both of these answers are correct: Businesses should monitor and prevent social problems in advance of their becoming major issues; and corporations should be accountable for any actions that affect people, their communities, and the environment.
Companies demonstrate global corporate citizenship by:
Both of these answers are correct: Finding business opportunities that serve society and integrating concern for both financial and social performance.
Failure to understand the beliefs and expectations of stakeholders:
Causes the performance-expectations gap to grow larger.
Some companies have created a department of corporate citizenship to:
Centralize under common leadership wide-ranging corporate citizenship functions.
When working well, the issue management process:
Continuously cycles back to the beginning and repeats.
The capability of corporations to influence government, the economy, and society, based on their organizational resources is called:
Corporate power.
Over time, the nature of business's relationship with its stakeholders often:
Evolves through a series of stages.
What is one advantage of operating as a B corporation?
Government certifications are frequently conferred.
The iron law of responsibility says that:
In the long run, those who do not use power responsibly will lose it.
A firm subscribing to the shareholder theory of the firm would mainly be concerned with providing value for its:
Investors
A stakeholder analysis:
Involves understanding the nature of stakeholder interests.
Contemporary issue management:
Is an interactive, forward thinking process.
All of the following are external stakeholders of the firm except:
Managers
Proactive companies are:
Much less likely to be blindsided by crises and negative surprises.
Which one of the following is considered to be a nonmarket stakeholder of business?
Nongovernmental organizations.
An analysis of the stability or instability of a government is an example of scanning which environment?
Political.
The issue management process is a:
Systematic process companies use when responding to public issues that are of greatest importance to the business.
Stakeholder engagement is:
The process of ongoing relationship building between a business and its stakeholders.
The five types of stakeholders' power recognized by most experts are:
"Voting, economic, political, legal, and informational power. "
Which of the following examples does not show a company guided by enlightened self-interest?
A company breaking past records by maximizing quarterly profits.
Which of the following companies is being the most socially responsible?
A company trying its best to operate in a way which will help local students get education and jobs.
The emergence of a public issue indicates that:
A gap may be developing between what stakeholders expect and what an organization is actually doing.
Which of the following is not an example of stakeholders' economic power?
A social group protests a government's decision to raise taxes.