Strayer Bus475 quiz 1

uestion
1

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

Answer

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

Question 2

Stakeholders have been able to form international coalitions more successfully
through use of:

Answer

		Government regulation.
		Community involvement.
		Communications technology.
		Unions.

Question 3

The instrumental argument says stakeholder management is:

Answer

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

Question 4

Which one of the following is considered to be anonmarketstakeholder of business?

Answer

		Customers.
		Media.
		Creditors.
		Stockholders.

Question 5

Which of the following isnotconsidered to be a nonmarket
stakeholder?

Answer

		Government agencies.
		Creditors.
		Activist groups.
		Non-governmental organizations.

Question 6

Customers can exercise economic stakeholder power by:

Answer

		Voting on a proposed merger for the company and a competitor.
		Boycotting products if they believe the goods are too expensive.
		Attending the company’s annual meeting.
		Applying for a job with the company.

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

Answer

Descriptive argument.

Instrumental argument.

Normative argument.

Fiduciary argument.

Question 8

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

Answer

Voting, economic, political, legal, and informational power.

Social, legal, environmental, economic, and political power.

Social, regulatory, voting, governance, and media power.

Economic, media, legal, stockholder, and political power.

Question 9

When something stands out from a background, is seen as important, or
draws attention it is:

Answer

		Urgent.
		Salient.
		Powerful.
		Legitimate

Question 10

All of the following are external stakeholders of the firmexcept:

Answer

Managers.

Customers.

Stockholders.

Suppliers.

Question 11

With the explosive growth of technologies that facilitate the sharing of
information, this kind of stakeholder power has become increasingly
important:

Answer

		Economic power.
		Political power.
		Informational power.
		Legal power.

Question 12

The phenomenon of a person or group holding multiple stakeholder duties is
referred to as:

Answer

		Role sets.
		Primary Stakeholder(s).
		Ownership Theory.
		Agency theory.

Question 13

Interactions between business and society occur:

Answer

		Within a finite natural ecosystem.
		Only during an environmental crisis.
		When business employees and the community are of similar cultural backgrounds.
		When legislation is passed requiring interaction.

Question 14

A stakeholder analysis:

Answer

		Creates equality among all stakeholder interests.
		Allows managers to examine two primary questions.
		Involves understanding the nature of stakeholder interests.
		Uses resources to achieve a desired decision or outcome.

Question 15

When a community group sues a company for health effects caused by the unsafe
disposal of toxic chemicals, this is an exercise of a stakeholder’s:

Answer

		Legal power.
		Voting power.
		Economic power.
		Political power.

Strayer Bus475 quiz 1

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