BUS100 Quizzes

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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.


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