Quiz 1

"Sustainability, at a simple level, is about businesses:"

ability to survive and thrive over the long term

The most important stakeholders of a business are typically its:

consumers.

An individual or group who can affect or be affected by an organization is a(n):

stakeholder

"Gross national product, inflation, interest rates, and unemployment rates are included in a firm's"

economic environment

For sustainable development to become a reality, which approach offers the best opportunity for this to happen?

Stakeholder

The view of the firm that recognizes suppliers, customers, employees, and owners as stakeholders is the

managerial view

The classical view of economics holds that a society can best determine its needs and wants through the

marketplace.

A group of people who is able to influence the firm, but does not hold a direct stake in is known as

secondary social stakeholders.

The part of corporate social responsibility that focuses on fulfilling the social contract by following the law is

social

The set of two-way understandings that characterize the relationships between major social institutions is called the

social contract.

Stakeholder management capability is thought of in three levels. Which is considered the highest level?

Transactional level

"The view of corporate citizenship that embraces all that is implied in the concepts of social responsibility, responsiveness, and performance is the ______ view."

broad

"Stakeholders that are perceived to have high levels of power, legitimacy, and urgency are referred to as "

definitive stakeholders.

The part of corporate social responsibility that focuses on fair prices and profits is

economic

The modern era of corporate social responsibility (from the 1950s to today):

emphasizes specific issues.

A purposeful aggregation of people who represent a common cause or share common beliefs is called a(n)

interest group.

The first and primary argument for corporate social responsibility is:

it is in business's long range interest to be socially responsible.

Which of the following is not an attribute upon which managers judge the importance of stakeholders?

nationality

Responsibilities for stakeholder management include all of the following except

philanthropic

The most efficient use of corporate wealth to benefit the public is though contributions to charity and other worthy causes which is called

philanthropy

The ability to produce an effect or influence a situation is known as

power.

A nonhuman species (such as the spotted owl) that holds a direct stake in a firm is called a

primary nonsocial stakeholders.

The view of the firm that recognizes just suppliers and customers as stakeholders is the

production view

Stakeholders include all of the following groups except all of these are

stakeholder groups

The levels of power include all of the following except:

the institutional level.