What stakeholder group(s) can exercise legal power? - Customers, Employees,
Shareholders
Which statement is not correct about the business-society
... [Show More] interdependence? - Actions
by governments rarely affect business.
Corporations that run their operations according to the stakeholder theory of the firm
create value by: - Increasing stock price, developing employee professional skills,
innovating new products.
Which of the following statements is not true about the interactive social system? - The
boundary between business and society is clear and distinct.
Stakeholder groups can include: - Environmental activists, shareholders, business
support groups
Which one of the following is considered to be a nonmarket stakeholder of business -
Nongovernmental organizations.
Customers can exercise economic stakeholder power by: - Boycotting products if they
believe the goods are too expensive.
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: - Legal Power
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, Lobbying government policy makers for regulations.
Which of the following is not an example of stakeholders' economic power? - A social
group protests a government's decision to raise taxes.
Once an issue has been identified, its implications must be: - Analyzed
Over time, the nature of business's relationship with its stakeholders often: - Evolves
through a series of stages.
Stakeholder engagement is: - The process of ongoing relationship building between a
business and its stakeholders.
The issues management process is a - Systematic process companies use when
responding to public issues that are of greatest importance to the business.
Contemporary issue management: - Is an interactive, forward thinking processThe components of a typical issues management process include: - Identifying the
issue, generating options, taking actions
Proactive companies are: - Much less likely to be blindsided by crises and negative
surprises.
The role of special interest groups is an important element in acquiring intelligence from
the: - Social environment
Because of the risks and opportunities public issues present, organizations need: - A
systematic way of identifying, monitoring, and selecting public issues.
An analysis of the stability or instability of a government is an example of scanning the: -
Political Environment
Which of the following examples does not show a company guided by enlightened selfinterest? - A company breaking past records by maximizing quarterly profits.
Which of the following is an argument against corporate social responsibility? - Requires
skills businesses may lack.
Companies demonstrate global corporate citizenship by: - Finding business
opportunities that serve society.
Integrating concern for both financial and social performance.
The costs of corporate social responsibility may ultimately be passed on to the: -
Consumer through high prices.
Good corporate citizens: - Strive to conduct all business dealings in an ethical manner.
Work to protect the environment
Make a concerted effort to balance the needs of all stakeholders.
Some companies have created a department of corporate citizenship: - Centralize
under common leadership wide-ranging corporate citizenship functions.
Positive reputation can be valued as an intangible corporate: - Asset
When undertaking social initiatives, a company: - May sacrifice short term profits.
Corporate power refers to: - The capability of corporations to influence government, the
economy, and society, based on their organizational resources.
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. [Show Less]