Global Business CH 1
Business and society and independent of one another
False
market stakeholders include nongovernmental organization and the business support groups
False
A business is any organization that is engages in marketing a product or providing a service for a profit
True
Walmart has been called a "template for 21st century capatalism
True
which of the following id not an example of stakeholder economic power
a social group protests a government's decisions to raise taxes
which statement is not correct about the business society interdependece
actions by government rarely affect business
stakeholder groups can include
all of the above
the main reason a number if European countries require public companies to include employee members on their boards of directors is so that
employees interests will be explicitly represented
when something stands out from a background is seen as important, or draws attention it is
salient
a firm subscribing to the ownership theory of the firm would mainly be concerned with providing value for its
shareholders
which of the following statement is not true about the interactive social system
the boundary between business and society is clear and distinct
Government can be considered both a market and non market stakeholder
true
non market stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services
False
the normative argument for the stakeholders theory of the firms says the stakeholder view is simply a more realistic description of how companies really work
False
coproration that run their operation according to the stakeholder theory of the firm create value by
all of the above
the fiduciary duty of managers benefit a froms
all of the above
what kind of power might a local community use to influence a company's decision
all of the above
what stakeholder groups can exercise legal power
all of the above
which of the following examples best illustrate the boundary exchanges a company would encounter according to the general system theroy
all of the above
which of the following statements is (are) correct about stakeholders' power
all of the above
a stakeholder map is a useful tool because
both a and b but not c
which of the follwing is the result of the inseperable relationship between business and soiety
both a and b but not c
department or offices within an organization that reach across the dividing line that separated the company
boundary spanning departments
customers can exercise economic stakeholder power by
boycotting products if they believe the goods are too expensive
stakeholders have been able to form international coalitions more successfully through use of
communication technology
which of the following is not considered to be a nonmarket stakeholder
creditors
which argument says that stakeholders management realistically depicts how companies really work
descriptive argument
some scholars have suggested that managers pay the most attention to stakeholders possessing the least salience
false
the external environment of business is static
false
the stakeholder theory fo the firm argues that a firm sole purpose is to create value for its shareholders
false
urgency refers to the exact to which a stakeholders's actions are seen as proper or appropriate by the broader society
false
with the explosive growth of technologies that facilitate the sharing of information, this kind of stakeholder power has become increasingly important
informational power
a stakeholder analysis
involves understanding th enature of stakeholder interests
when a community group sues a company for health effects caused by insafe disposal toxic chemicals, this is an exercise of a stakeholders
legal power
all of the following are external stakeholder of the firm except
managers
the interests of different stakeholders often coincide
true
the instrumental argument says stakeholders management is
more effective as a corporate strategy
which one of the following is considered to be a non market stakeholder of business
nongovernmental organizations
stakeholders stand out to managers when they exhibit
power. legitimacy. and urgency
the phenomenon of a person or group holding multiple stakeholders duties is referes to as
role sets
a stakeholder map is a usefule tool, becasue it enables managers to see quickly how stakeholders feel about an issue and whether salient stakeholders tend to be in favor or opposed
true
stakeholders involved with one part of the company often may have little or no involvement with another part if the company
true
the industrial argument for the stakeholder theory of the firm says that companies perform better if they consider the rights and concerns of multiple groups in society
true
the five types of stakeholders power recognize by most experts are
voting. economic. political. legal. and informational power
interactions between business and society
within a finite natural ecosystem
