Business and Society Sample Essay

General Motors has been called a “template for twenty-first century capitalist economy. ” True False A concern is any organisation that is engaged in doing a merchandise or supplying a service for a net income. True False Businesss and society are independent of one another. True False The stakeholder theory of the house argues that a firm’s sole intent is to make value for its stockholders. True False The instrumental statement for the stakeholder theory of the house says that companies perform better if they consider the rights and concerns of multiple groups in society. True False The normative statement for the stakeholder theory of the house says that the stakeholder position is merely a more realistic description of how companies truly work. True False Nonmarket stakeholders are those that engage in economic minutess with the company as it carries out its primary intent of supplying society with goods and services. True False Market stakeholders include nongovernmental organisations and the media. True False Each stakeholder group has merely one beginning of power in relation to a house. True False

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10. The involvements of different stakeholders frequently coincide. True False 11. Stakeholders involved with one portion of a company frequently may hold small or no engagement with another portion of the company. True False 12. Some bookmans have suggested that directors pay the most attending to stakeholders possessing the least saliency. True False 13. Urgency refers to the extent to which a stakeholders actions are seen as proper or appropriate by the broader society. True False 14. A stakeholder map is a utile tool. because it enables directors to see rapidly how stakeholders feel about an issue and whether outstanding stakeholder tend to be in favour or opposed. True False 15. The external environment of concern is inactive. True False

16. Which statement is non right about the business-society mutuality? A. Business is a portion of society. B. Business is separated from the remainder of society by clear boundaries. C. Business activities impact other activities in society. D. Actions by authoritiess seldom significantly affect concern. 17. Which of the undermentioned illustrations best illustrates the boundary exchanges a company would meet harmonizing to the general systems theory? A. An industrial company installs new equipment in its works to follow with environmental ordinances. B. A package company develops an application for a client. C. A buying section employee negotiates a monetary value on parts from a provider. D. All of the above. 18. Which of the followers is the consequence of an inseparable relationship between concern and society? A. All concern determinations have a societal impact. B. The verve of concern depends on society’s actions and attitudes. C. The endurance of concern is independent of society. D. Both A and B. but non C. 19. Which of the undermentioned statements is non true about the synergistic societal system? A. Business and society demand. every bit good as influence. each other.

B. The boundary between concern and society is clear and distinguishable. C. Business is a portion of society. and society penetrates far and frequently into the concern. D. Business and society are both separate and connected. 20. A house subscribing to the ownership theory of the house would chiefly be concerned with supplying value for its: A. Shareholders. B. Customers. C. Board of Directors. D. Community. 21. Corporations who run their operations harmonizing to the stakeholder theory of the house create value by: A. Introducing new merchandises. B. Increasing their stock monetary value. C. Developing their employees’ professional accomplishments. D. All of the above. 22. Which statement says that stakeholder direction realistically depicts how companies truly work? A. Descriptive statement. B. Instrumental statement. C. Normative statement. D. Fiduciary statement. 23. The instrumental statement says stakeholder direction is: A. A more realistic description of how companies truly work. B. More effectual as a corporate scheme. C. Simply the right thing to make. D. Determined by the sum of stock owned in the house. 24. The fiducial responsibility of directors benefit a firm’s: A. Stockholders. B. Customers. C. Employees. D. All of the above.

25. A figure of European states require public companies to include employee members on their boards of managers. so: A. The employees are available to reply inquiries. B. Management does non hold to go to the meetings. C. That their involvements will be explicitly represented. D. They have more power than any other stakeholder. 26. Stakeholder groups can include: A. Stockholders. B. The media. C. Environmental militants. D. All of the above. 27. Which one of the followers is considered to be a nonmarket stakeholder of concern? A. Customers. B. Media. C. Creditors. D. Stockholders. 28. Which of the followers is non considered to be a nonmarket stakeholder? A. Government bureaus. B. The natural environment. C. Activist groups. D. Non-governmental organisations. 29. The phenomenon of a individual or group keeping multiple stakeholder responsibilities is referred to as: A. Role sets. B. Primary Stakeholder ( s ) . C. Ownership Theory. D. None of the above.

30. A stakeholder analysis: A. Creates equality among all stakeholder involvements. B. Allows directors to analyze two primary inquiries. C. Involves understanding the nature of stakeholder involvements. D. All of the above. 31. The four types of stakeholders’ power recognized by most experts are: A. Voting. economic. political. and legal power. B. Social. legal. environmental. and political power. C. Social. regulative. vote. and media power. D. Economic. media. legal. and political power. 32. Which of the undermentioned statements is ( are ) correct about stakeholder’ power? A. Different stakeholders have different types and grades of power. B. Stockholders’ voting power is limited to the per centum of stock owned by the shareholder. C. It uses resources to accomplish a coveted determination or result. D. All of the above. 33. Customers can exert economic stakeholder power by: A. Vote on a proposed amalgamation for the company and a rival. B. Boycotting merchandises if they believe the goods are excessively expensive. C. Attending the company’s one-year meeting. D. Applying for a occupation with the company.

34. Which of the followers is non an illustration of stakeholders’ economic power? A. A toy maker arrests supplies to a client that demanded really low monetary values. B. A societal group protests a government’s determination to raise revenue enhancements. C. A local community boycotts a food market shop suspected of inaccurate weight graduated tables. D. An equal rights group refuses to make concern with a concern that has a prejudiced hiring policy. 35. When a community group sues a company for wellness effects caused by insecure toxic chemicals disposal. it is an exercising of a stakeholders’ : A. Legal power. B. Voting power. C. Economic power. D. Political power. 36. What stakeholder group ( s ) can exert legal power? A. Employees. B. Customers. C. Shareholders. D. All of the above. 37. What sort of power might a local community usage to act upon a company’s determinations? A. Publicizing an issue. B. Lobbying authorities policy shapers for ordinances. C. Challenging whether a concern activity should go on to run. D. All of the above.

38. Stakeholders have been able to organize international alliances more successfully through usage of: A. Government ordinance. B. Community engagement. C. Communications engineering. D. Unions. 39. When something stands out from a background. is seen as of import. or draws attending it is: A. Urgent. B. Salient. C. Powerful. D. Legitimate. 40. Stakeholders stand out to directors when they exhibit: A. Integrity. power. and legitimacy. B. Power. legitimacy. and urgency. C. Integrity. trueness. and power. D. Legitimacy. trueness. and urgency. 41. A stakeholder map is a utile tool because: A. It enables troughs to see rapidly how stakeholders feel about an issue. B. It allows directors to measure what results are likely sing an issue. C. It helps directors discourage or fade out stakeholder alliances. D. Both A and B. but non C. 42. Departments. or offices. within an organisation that reach across the dividing line that separated the company from groups and people in society are: A. Inter-departmental divisions. B. Geographical location countries. C. Boundary-spanning sections. D. Organizational maps.

43. Interactions between concern and society occur: A. Within a finite natural ecosystem. B. Merely during an environmental crisis. C. When concern employees and the community are of similar cultural backgrounds. D. When statute law is passed necessitating interaction. 44. Harnessing human imaginativeness to make new attacks to the concerns of modern society is an illustration of: A. Personal designation. B. Networks. C. Business net incomes. D. Technology. 45. A successful concern must run into its: A. Economic aims. B. Social aims. C. Economic and societal aims. D. Top executives’ outlooks. 46. Describe how the general systems theory can be applied to a concern.

47. Supporters of the stakeholder theory of the house make three core statements for their place. Define and supply illustrations of each.

48. Compare and contrast the relationships a house may hold with market and non-market stakeholders.

49. Discuss why a director should. or should non. be considered a stakeholder.

50. Explain the procedure called stakeholder analysis. Include a description of its four cardinal inquiries.

51. What is a stakeholder map? Why is it a utile tool?

52. Describe and give illustrations of the external forces that shape the relationship between concern and society.


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