QUESTION 21

1. Quan means which of the following?

   		adherence to the past
   		philosophic tradition
   		practicality
   		insistence on protocol

0.5 points

QUESTION 22

1. What is the Descriptive Approach?

   		It is about developing the most accurate model and act on it in ways that weigh and balance these interests as fairly as possible, it has the lowest level of comprehensiveness.
   		is the fundamental basis of stakeholder theory and argues that stakeholders are ends unto themselves rather than means to an end, it has the lowest level of comprehensiveness.
   		It connects stakeholder management and financial outcomes, it it has the highest level of comprehensiveness.
   		It is about developing the most accurate model and act on it in ways that weigh and balance these interests as fairly as possible, it has the highest level of comprehensiveness.

0.5 points

QUESTION 23

1. Taking the strongest possible action to behave ethically in a given situation is

   		the stakeholder's responsibility
   		an ethical minimum
   		an ethical maximum
   		a social contract

0.5 points

QUESTION 24

1. Companies are required to provide amenities to their employees to fulfill the social contract between management and employees as stakeholders.

   		True
   		False

0.5 points

QUESTION 25

1. Which one is not one of the point to consider for identifying key stakeholders?

   		The stakeholder has a fundamental impact on your organization's performance
   		The relationship is dynamic
   		The stakeholder already been identified through another relationship
   		We can clearly identify what we want from the stakeholder

0.5 points

QUESTION 26

1. A stakeholder claim .

   		is any matter of concern for the corporation or company
   		is usually a complaint
   		is always financial
   		is the same as a lawsuit

0.5 points

QUESTION 27

1. In correct order, the stakeholder management steps adapted from the approach of the MITRE consulting firm are to .

   		build trust, identify stakeholders, prioritize claims, visualize changes, and perform triage
   		build trust, identify stakeholders, gather and analyze data, present findings to management, and communicate key messages to stakeholders conveying the company's appreciation of them
   		build trust, identify stakeholders, gather and analyze data, present results, make changes, and prepare a communication strategy
   		identify stakeholders, gather and analyze data, make changes, and present results

0.5 points

QUESTION 28

1. Stakeholder management practice ultimately is about valuing stakeholder

   		True
   		False

0.5 points

QUESTION 29

1. The concept of limited liability means .

   		The owners of corporations, directors, and managers, are protected by laws stating that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership.
   		The separation of profit and liability
   		Corporate laws
   		All of the above

0.5 points

QUESTION 30

1. Which one is not an advantage of Corporate Status?

   		Decreasing the risk of ownership
   		Preventing to be subject to a pro rata share of income taxes
   		Being subject to personal liability for business losses
   		limiting the ability of businesses to raise capital by selling stock