MNGT 482 Chp 1
What stakeholder group(s) can exercise legal power?
All of the above
In 2000, the Peruvian government listened to stakeholders and cancelled plans for a salt mine off the Pacific Coast.
False
In 2007, The Walt Disney Company earned slightly less than $27 billion dollars.
False
Stakeholders can exercise direct political power by urging elected officials to pass legislation.
False
The instrumental argument says stakeholder management is:
More effective as a corporate strategy
The _________ argument says that stakeholder view is simply a more realistic description of how companies work.
Normative
In 2008. Lee Scott was the CEO of
Walmart
Corporations who model their operations according to the stakeholder theory create value by:
All of the above
Under U.S. law, the fiduciary duty of managers must benefit a firm's
All of the above
________ are departments within an organization which which reach across dividing lines which separate the company from society.
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:
Communications Technology
AT&T has been called the "template for 21st century capitalism."
False
Each stakeholder group has one source of power in relation to a firm.
False
When a customer sues a company for physical and mental hard caused by unsafe toxic chemicals disposal, it is an exercise of a stakeholders':
Legal power
A firm subscribing to the ownership theory, would be concerned with providing value for its:
Shareholders
Which of the following is not considered to be a nonmarket stakeholder?
The natural environment
A fiduciary exercises power for the good of another
True
A stakeholder is defined by anyone who owns a piece, or stake, of the company
True
Because they are more important, market stakeholders are sometimes called primary stakeholders.
True
Creditors generally have high stakeholder salience and little concern over a company's position on an issue.
True
General Systems theory was first introduced in the 1940s.
True
The instrumental argument in the stakeholder theory says that companies perform better if they consider the rights and concerns of multiple groups in society.
True
The world economy is increasingly interactive
True
The four types of stakeholders' power recognized by most experts are:
Voting, economic, political, and legal power
What movie featured a former Miss America speaking out against Walmart.
Walmart Nation
When something stands out and is seen as important it is defined as
Salient