MGT 313

what is a result of the inseparable relationship between business and society

all business decisions have a social impact and the vitality of business depends on societys actions and attitudes

Which statement is not correct about the business-society interdependence? a. Business is part of society b. Business is separate from the rest of society by clear boundaries c. Actions by government rarely affect business d. Business activities impact other activities in society

c.

Which arguments says that stakeholder managements realistically depicts how companies really work

descrptive

The main reason a number of European countries require public companies to include employee members on their board of directors is so that

employees interests will be explicitly represented

T/F The external environment of business is static

f

T/F businesses and society are independent of one another

f

T/F A stakeholder map is a useful tool, bc it enables managers to see quickly how stakeholders feel about an issue and whether salient stakeholders tend to be in favor or opposed

t

T/F The interests of different stakeholders often coincide

t

T/F non market stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services

f

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

shareholders