Question 1

Stakeholders involved with one part of a company often may have little or no involvement with another part of the company.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following examples best illustrates the boundary exchanges a company would encounter according to the general systems theory?

Accepted Answer

A)   An industrial company installs new equipment in its plant to comply with environmental regulations.
B)   A software company develops an application for a client.
C)   A purchasing department employee negotiates a price on parts from a supplier.
D)   All of the above.E) B) and D)
F) A) and D)

Question 3

Which of the following statements is(are) correct about stakeholders' power?

Accepted Answer

A)   Different stakeholders have different types and degrees of power.
B)   Stockholders' voting power is limited to the percentage of stock owned by the stockholder.
C)   It uses resources to achieve a desired decision or outcome.
D)   All of the above.E) A) and C)
F) A) and D)

Question 4

Customers can exercise economic stakeholder power by:

Accepted Answer

A)   Voting on a proposed merger for the company and a competitor.
B)   Boycotting products if they believe the goods are too expensive.
C)   Attending the company's annual meeting.
D)   Applying for a job with the company.E) None of the above
F) All of the above

Question 5

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

Accepted Answer

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.E) A) and B)
F) B) and C)

Question 6

A stakeholder analysis:

Accepted Answer

A)   Creates equality among all stakeholder interests.
B)   Allows managers to examine two primary questions.
C)   Involves understanding the nature of stakeholder interests.
D)   All of the above.E) B) and D)
F) B) and C)

Question 7

All of the following are external stakeholders of the firm except:

Accepted Answer

A)   Managers.
B)   Customers.
C)   Stockholders.
D)   Suppliers.E) B) and C)
F) None of the above

Question 8

The instrumental argument says stakeholder management is:

Accepted Answer

A)   A more realistic description of how companies really work.
B)   More effective as a corporate strategy.
C)   Simply the right thing to do.
D)   Determined by the amount of stock owned in the firm.E) A) and B)
F) A) and C)

Question 9

The fiduciary duty of managers benefits a firm's:

Accepted Answer

A)   Stockholders.
B)   Customers.
C)   Employees.
D)   All of the above.E) C) and D)
F) B) and D)

Question 10

Government can be considered both a market and nonmarket stakeholder.

Accepted Answer

A) True 
 B)False

Question 11

Which one of the following is considered to be a nonmarket stakeholder of business?

Accepted Answer

A)   Customers.
B)   Media.
C)   Creditors.
D)   Stockholders.E) None of the above
F) C) and D)

Question 12

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

Accepted Answer

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.E) None of the above
F) A) and D)

Exam 1: The Corporation and Its Stakeholders

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

Correct Answer
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Which of the following statements is(are) correct about stakeholders' power?

Correct Answer
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All of the following are external stakeholders of the firm except:

Correct Answer
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Customers can exercise economic stakeholder power by:

Correct Answer
verified

Which one of the following is considered to be a nonmarket stakeholder of business?

Correct Answer
verified

Which of the following examples best illustrates the boundary exchanges a company would encounter according to the general systems theory?

Correct Answer
verified

Government can be considered both a market and nonmarket stakeholder.

Correct Answer
verified

Stakeholders involved with one part of a company often may have little or no involvement with another part of the company.

Correct Answer
verified

The instrumental argument says stakeholder management is:

Correct Answer
verified

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

Correct Answer
verified

The fiduciary duty of managers benefits a firm's:

Correct Answer
verified

A stakeholder analysis:

Correct Answer
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Exam 1: The Corporation and Its Stakeholders

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

Correct AnswerverifiedShow Answer

Which of the following statements is(are) correct about stakeholders' power?

Correct AnswerverifiedShow Answer

All of the following are external stakeholders of the firm except:

Correct AnswerverifiedShow Answer

Customers can exercise economic stakeholder power by:

Correct AnswerverifiedShow Answer

Which one of the following is considered to be a nonmarket stakeholder of business?

Correct AnswerverifiedShow Answer

Which of the following examples best illustrates the boundary exchanges a company would encounter according to the general systems theory?

Correct AnswerverifiedShow Answer

Government can be considered both a market and nonmarket stakeholder.

Correct AnswerverifiedShow Answer

Stakeholders involved with one part of a company often may have little or no involvement with another part of the company.

Correct AnswerverifiedShow Answer

The instrumental argument says stakeholder management is:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The fiduciary duty of managers benefits a firm's:

Correct AnswerverifiedShow Answer

A stakeholder analysis:

Correct AnswerverifiedShow Answer

Correct Answer
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