1. A set of propositions or concepts that seeks to explain or predict something is known as ?
Answer
Correct Answer:
Theory
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2. Creating value for society beyond a pure monetary benefit for shareholders, sometimes referred to as there being a moral obligation to work toward addressing the needs of customers, employees, suppliers, and the local community as well as shareowners, and keeping these needs and interests in balance is known as ?
Answer
Correct Answer:
Stakeholder Theory
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3. A stakeholder group’s ability to stand out or apart from something else by possessing power, legitimacy, and urgency is known as ?
Answer
Correct Answer:
Stakeholder Salience
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4. Any stakeholder identifiable group or organization who can affect the achievement of an organization’s objectives or who is affected by the achievement of an organization’s objectives.
Answer
Correct Answer:
False
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5. A kind of interest in or claim on something of value is known as ?
Answer
Correct Answer:
Shake
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6. A shareholder-oriented view of the firm’s responsibilities that managers should spend capital, given to them by shareholders initially, in ways that have been authorized by shareholders and act in the shareholders’ interests is known as?
Answer
Correct Answer:
Shareholder Theory
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7. A shareholder person, individual owning one of stock in a corporation.
Answer
Correct Answer:
False
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8. The power ability or potential of a group to influence another and to secure a desired income.
Answer
Correct Answer:
False
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9. Legitimacy has some form of acceptance of a stakeholder’s claim or of the group itself.?
Answer
Correct Answer:
True
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10. The trust that one party will act in the best interests of another, owing them a duty of loyalty and care is known as ?
Answer
Correct Answer:
Fiduciary Duty
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11. _________ have rules, processes, and procedures as outlined by an organization’s board of directors to ensure accountability, fairness, and transparency among all parties with a claim in the organization?
Answer
Correct Answer:
Corporate Governance
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12. A claim is illegal entitlement or a never right to be treated in a certain way.?
Answer
Correct Answer:
False
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