BUS 100 Ch. 1-3 Quiz
When of the following examples does not show a company guided by enlightened self-interest?
A company break-in past records by maximizing quarterly profits
Which statement is not correct about the business-society interdependence?
Actions by governments early affect business
Customers can exercise economic stakeholder power by:
Boycotting products if they believe the goods are too expensive
Companies demonstrate global corporate citizenship by:
Building reactive stakeholder partnerships and finding business opportunities that serve society
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
In an interactive, forward thinking process
Corporations that run their operations according to the stakeholder theory of the firm create value by:
Increasing their stock price, developing their employees' professional skills, and innovating new products
Proactive companies are:
Much less likely to be blindsided by crisis and negative surprises
What kind of power might a local community use to influence a company's decisions?
Publicizing an issue, Challenging whether a business activity should continue to operate, and lobbying government policy makers for regulations
Good corporate citizens:
Strive to conduct all business dealing in an ethical manner, work to protect the environment, and make a concerted effect to balance the needs of all stakeholders
The issue management process is a:
Systematic process companies use when responding to public issues that are of greater importance to the business
Which of the following statement 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 audits stakeholders
