Canadian Business & Society Ethics,
Responsibilities And Sustainability 4Th Edition
By by Robert Sexty – Test Bank
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Sample Test
Chapter 03
Identifying Stakeholders and Issues
True / False Questions
1. In a pluralistic society, business enterprises are completely dependent
on government.
FALSE
Difficulty: Medium
Learning Objective: 03-01 Recognize business as one institution in society
and understand that its activities are influenced by other institutions and
individuals referred to as stakeholders.
Topic: 03-01 The Stakeholder Concept and Business
2. Organizations must identify their stakeholders to obtain their resources
and maintain their legitimacy.
TRUE
Difficulty: Medium
Learning Objective: 03-01 Recognize business as one institution in society
and understand that its activities are influenced by other institutions and
individuals referred to as stakeholders.
Topic: 03-01 The Stakeholder Concept and Business
3. A stakeholder is an individual, or group, who can influence and/or is
influenced by the achievement of an organization’s purpose.
TRUE
Difficulty: Easy
Learning Objective: 03-01 Recognize business as one institution in society
and understand that its activities are influenced by other institutions and
individuals referred to as stakeholders.
Topic: 03-01 The Stakeholder Concept and Business
4. Corporations must understand how their activities influence
stakeholders but not how stakeholders can influence their activities.
FALSE
Difficulty: Easy
Learning Objective: 03-01 Recognize business as one institution in society
and understand that its activities are influenced by other institutions and
individuals referred to as stakeholders.
Topic: 03-01 The Stakeholder Concept and Business [Show Less]