BUS 100 RQ 1
Proactive companies are:
. Much less likely to be blindsided by crises and negative surprises.
Companies demonstrate global corporate citizenship by:
1) Building reactive stakeholder partnerships. 2) Finding business opportunities that serve society
Corporations that run their operations according to the stakeholder theory of the firm create value by:
1) Increasing their stock price. 2) Developing their employees' professional skills. 3) Innovating new product
What kind of power might a local community use to influence a company's decisions?
1) Publicizing an issue. 2) Challenging whether a business activity should continue to operate. 3) Lobbying government policy makers for regulations.
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 statement is not correct about the business-society interdependence?
Actions by governments rarely affect business.
Customers can exercise economic stakeholder power by:
Boycotting products if they believe the goods are too expensive.
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:
Is an interactive, forward thinking process.
Good corporate citizens:
Strive to conduct all business dealings in an ethical manner.
The issues management process is a
Systematic process companies use when responding to public issues that are of greatest importance to the business.
Which of the following statements 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 and its stakeholders.
