BUS 100 Ch. 1-3 Quiz

When of the following examples does not show a company guided by enlightened self-interest?

A company break-in past records by maximizing quarterly profits

Which statement is not correct about the business-society interdependence?

Actions by governments early affect business

Customers can exercise economic stakeholder power by:

Boycotting products if they believe the goods are too expensive

Companies demonstrate global corporate citizenship by:

Building reactive stakeholder partnerships and finding business opportunities that serve society

Over time, the nature of business's relationship with its stakeholders often:

Evolves through a series of stages

When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called:

Global Corporate Citizenship

Contemporary issue management

In an interactive, forward thinking process

Corporations that run their operations according to the stakeholder theory of the firm create value by:

Increasing their stock price, developing their employees' professional skills, and innovating new products

Proactive companies are:

Much less likely to be blindsided by crisis and negative surprises

What kind of power might a local community use to influence a company's decisions?

Publicizing an issue, Challenging whether a business activity should continue to operate, and lobbying government policy makers for regulations

Good corporate citizens:

Strive to conduct all business dealing in an ethical manner, work to protect the environment, and make a concerted effect to balance the needs of all stakeholders

The issue management process is a:

Systematic process companies use when responding to public issues that are of greater importance to the business

Which of the following statement is not true about the interactive social system?

The boundary between business and society is clear and distinct

Corporate power refers to:

The capability of corporations to influence government, the economy, and society, based on their organizational resources

Stakeholder engagement is:

The process of ongoing relationship building between a business audits stakeholders