Question

1. which of the following does Not meet the definition of a business?

A. India Resource Center

B. Uber

C. Gravity Payment

D. The Coca Cola Company

2. According to the ——————argument in defense of the stakeholder theory of the firm, taking care of stakeholders is really just the right thing to do.

A. Utilitarian

B. Instrumental

C. Normative

D. Descriptive

3. According to the ———————argument in defense of the stakeholder theory of the firm, it's in business best interest to take care of stakeholders as it serves as an effective corporate strategy.

A, Utilitarian

B. Instrumental

C. Normative

D. Descriptive

4. To develop a stakeholder map, managers would first look to the ———————of stakeholders?

A. Interests

B. Legitimacy

C. Saliency

D. Investments

5. The external environment of business, namely society is always——————.

A. engaging

B. Hostile

C. Dynamic

D. Inviting

6. A company that has developed a way to monitor issues outside of its immediate view or scope, for the purpose of getting in front of the issue, is using what method?

A. Analytic reporting

B. Financial forecasting

C. Strategic radar screens

D. Market analysis

7. What practice prioritizes stakeholders based on their impact on a company's strategic objectives?

A. Stakeholder conceptualizing

B. Shareholder ranking

C. Issue-objective analysis

D. Stakeholder materiality

8.The process for closing the performance- expectation gap is known as what?

A. Issue management

B. Stakeholder materiality

C. Stakeholder response initiative

D. Public relations

9. In which of the stages of corporate citizenship does the organization focus on philanthropic giving and communication to stakeholders from key departments?

A. Elementary stage

B. Transformative stage

C. Integrated stage

D. Engaged stage

10. Stakeholder engagement is driven by what three elements?

A. Goals, relationships and networks

B. Public forums, networks and urgency

C. Networks, Policies and organizational

D. Goals, motivation and organizational capacity

Answer 1

1> A

Reason

Indian Resource Center is a social awareness group which aims towards the bad effect of globalization in Indian market. An awareness group is not a business.

2> C

It is the normative approach because it is the way how it should be.

3> B

This argument is instrumental because it gives incentive to the business to follow that theory.

4> B

The first step is to identify who are the stakeholders and to determine that legitimacy of a stakeholder only matters.