1. Major corporate governance issues normally involve _____ decisions.
Answer
Correct Answer:
Strategic-level
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2. __________ partnerships are mechanisms for cooperation between private sector, public sector, and non-profit organizations in order to address an issue or problem.
Answer
Correct Answer:
Cross-sector
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3. Companies taking a(n) ______ approach to stakeholder engagement respond to stakeholders’ concerns only when they are forced to do so, and then do so defensively by denying and resisting concerns.
Answer
Correct Answer:
Reactive
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4. Symbolic conformity with stakeholder expectations as a means of justifying self-interested decisions by top managers is a key-ethical pitfall to avoid with ______ theory.
Answer
Correct Answer:
Stakeholder
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5. A criticism of stakeholder theory is that it is very difficult to implement because the theory ______.
Answer
Correct Answer:
Confuses managers by giving them the impossible task of trying to satisfy the interests of many different stakeholders simultaneously
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6. After it was determined that seven people died after ingesting Tylenol pills that a malevolent person had laced with cyanide, Johnson & Johnson ______.
Answer
Correct Answer:
Immediately removed the pain medication from store shelves across the world in order to protect its customers
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7. Milton Friedman had a ______ view of corporate expenditures.
Answer
Correct Answer:
Zero-sum
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8. Based on the reciprocal duties of companies and stakeholders, companies offer ______, and customers provide financial payments (company revenues).
Answer
Correct Answer:
Reliable, affordable, quality products, and services
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9. When considering the reciprocal duties of companies and stakeholders, companies offer taxes, jobs, other economic, social, and environmental benefits, and ______ provide facilities, infrastructure, competent workforce, and an operating environment conducive to profitability.
Answer
Correct Answer:
Communities and their members
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10. Stakeholders receive ______ to make their contributions to the company.
Answer
Correct Answer:
Inducements
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11. ______ theorists argue there is no tradeoff between serving shareholders and serving other stakeholders, and in fact doing the latter is good for the former.
Answer
Correct Answer:
Stakeholder
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12. Stakeholder is the theory that the responsibility of business is to create for _____ ?
Answer
Correct Answer:
Both a and b
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13. Stakeholder engagement is the ongoing process of _____ relationships with stakeholders to resolve problems of mutual concern.
Answer
Correct Answer:
All of the above
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14. Stakeholder theory is that the sole responsibility of business is to earn maximum return for shareholders, within the boundaries of society’s laws and customs.
Answer
Correct Answer:
Flase
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15. Non government–business collaborations are known as public-private partnerships.
Answer
Correct Answer:
False
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16. _____ is a collaboration that includes business, government, and nongovernmental organizations.
Answer
Correct Answer:
Multisector partnerships
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17. The strategy of having a _____ status and set of attributes that set the company’s products and services apart from those of other firms is called Differentiation.
Answer
Correct Answer:
Distinct
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18. Which of the statements is correct about Cross-sector partnership?
Answer
Correct Answer:
Private sector, Public sector, and nonprofit organizations
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19. Collaborations between _____ are called business NGO partnerships.
Answer
Correct Answer:
Business and nongovernmental organizations
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