business 100

Contemporary issue management

s an interactive, forward-thinking process

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

Actions by governments rarely affect business.

Which of the following is the result of the inseparable relationship between business and society?

All business decisions have a social impact and the vitality of business depends on society's actions and attitudes.

Failure to understand the beliefs and expectations of stakeholders:

Causes the performance-expectations gap to grow larger.

When working well, the issue management process:

Continuously cycles back to the beginning and repeats.

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

Evolves through a series of stages.

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

Innovating new products. Increasing their stock price. Developing their employees' professional skills

A firm subscribing to the shareholder (ownership) theory of the firm would mainly be concerned with providing value for its:

Investors

A stakeholder analysis:

Involves understanding the nature of stakeholder interests

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

Stakeholder groups can include

Shareholders Business support groups. Environmental activists etc

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.

Stakeholder engagement is, at its core, a:

a relationship

The five types of stakeholders' power recognized by most experts are

"Voting, economic, political, legal, and informational power. "

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.