QUESTION 1

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

	a.	All business decisions have a social impact.
	b.	The vitality of business depends on society's actions and attitudes.
	c.	The survival of business is independent of society.
	d.	Both A and B, but not C.

1 points

QUESTION 2

Which argument says that stakeholder management realistically depicts how companies really work?

	a.	Descriptive argument.
	b.	Instrumental argument.
	c.	Normative argument.
	d.	Fiduciary argument.

1 points

QUESTION 3

The fiduciary duty of managers benefits a firm's:

	a.	Stockholders.
	b.	Customers.
	c.	Employees.
	d.	All of the above.

1 points

QUESTION 4

A number of European countries require public companies to include employee members on their boards of directors, so:

	a.	The employees are available to answer questions.
	b.	Management does not have to attend the meetings.
	c.	That their interests will be explicitly represented.
	d.	They have more power than any other stakeholder.

1 points

QUESTION 5

Stakeholder groups can include:

	a.	Stockholders.
	b.	The media.
	c.	Environmental activists.
	d.	All of the above.

1 points

QUESTION 6

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

	a.	Voting, economic, political, legal, and informational power.
	b.	Social, legal, environmental, economic, and political power.
	c.	Social, regulatory, voting, governance, and media power.
	d.	Economic, media, legal, stockholder, and political power.

1 points

QUESTION 7

What kind of power might a local community use to influence a company's decisions?

	a.	Publicizing an issue.
	b.	Lobbying government policy makers for regulations.
	c.	Challenging whether a business activity should continue to operate.
	d.	All of the above.

1 points

QUESTION 8

A stakeholder map is a useful tool because:

	a.	It enables mangers to see quickly how stakeholders feel about an issue.
	b.	It allows managers to evaluate what outcomes are likely regarding an issue.
	c.	It helps managers discourage or dissolve stakeholder coalitions.
	d.	Both A and B, but not C.

1 points

QUESTION 9

Which of the following statements is not true about the interactive social system?

	a.	Business and society need, as well as influence, each other.
	b.	The boundary between business and society is clear and distinct.
	c.	Business is a part of society, and society penetrates far and often into the business.
	d.	Business and society are both separate and connected.

1 points

QUESTION 10

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

	a.	Shareholders.
	b.	Customers.
	c.	Board of Directors.
	d.	Community.