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WorksheetsA Stakeholder Approach to Business and Ethics
Total questions: 20
Worksheet time: 18mins
Which of the following statements is accurate?
Stockholders are the same thing as stakeholders
All stakeholders are stockholders
Stakeholders are a subset of stockholders.
Every stockholder is a stakeholder.
Which of the following is not a strategic step toward successful stakeholder management?
integrating stakeholder management into the firm's governing philosophy
setting goals for stakeholder inclusion
creating a stakeholder-inclusive values statement
implementing a stakeholder performance measurement system
Which of the following is not a strategy or action alternative in best addressing stakeholders?
Deal directly or indirectly
Take offense or defense
Collaborate or participate
Manipulate or resist
Recognition that all stakeholders depend on each other for their success and financial well-being is a concept known as
stakeholder symbiosis
mutual benefit analysis
interdependency
stakeholder synthesis
Stakeholder management capability is thought of in three levels. Which is considered the highest level?
the rational level
the process level
the intangible level
the transactional level
Which of the following is not a valid criticism of stakeholder management?
It is very time consuming
Ranking of stakeholder claims is very difficult
Managers are not trained in this type of management
It increases the complexity of decision-making
The recommended strategy for nonsupportive stakeholders is to
monitor them
defend against them
involve them
collaborate with them
Which of the firm's social responsibilities is not relevant in analyzing management's duties to stakeholders?
economic
legal
ethical
philanthropi
. Which of the following is not listed as a question to ask in order to gain the essential information needed for stakeholder management?
Who are our stakeholders?
What do our stakeholders want?
What are our stakeholders' stakes?
What opportunities and challenges do our stakeholders present to the firm?
Which of the following is not considered an important function of stakeholder management?
to lead
to understand
to analyze
to manage
The challenges of stakeholder management include all of the following except
assuring that the firm's primary stakeholders achieve their objectives
seeing to it that the firm's secondary stakeholders are treated ethically and are relatively satisfied.
making the firm profitable
maintaining strong relations with governmental stakeholders
Which of the following is not seen as a value of the stakeholder model of the firm?
It is descriptive
It is instrumental
It is judgmental
It is normative
The view of stakeholders that recognizes the firm's moral responsibilities to all stakeholders, but that they should not be seen as fiduciary obligations is called the
strategic approach
multifiduciary approach
symbiotic approach
stakeholder synthesis approach
Stakeholders that are perceived to have high levels of power, legitimacy, and urgency are referred to as
definitive stakeholders
discretionary stakeholders
demanding stakeholders
dominant stakeholders
The view of stakeholders that sees them as more than just people or groups who can wield economic or legal power is the
strategic approach
multifiduciary approach
symbiotic approach
stakeholder synthesis approach
A stakeholder's ability or capacity to produce an effect within the firm is called its
power
legitimacy
urgency
coercision
The perceived validity or appropriateness of a stakeholder's claim is referred to as
power
legitimacy
urgency
coercision
If we consider the stakeholder typology, and the three attributes of power, group number one on the top outside is called:
A dominant stakeholder
A dormant stakeholder
A demanding stakeholder
A dangerous stakeholder
Which of the views of the firm recognizes the fewest stakeholders and is the least complex?
production view
managerial view
ownership view
stakeholder view
Any type of stake can be viewed as a(n)
option
ownership position
right
duty
