BUS475_Week 1_Quiz 1

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Strayer University *

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Feb 20, 2024

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  Question 1 3 out of 3 points Corporations that run their operations according to the stakeholder theory of the firm create value by: Selected Answer: All of the above. Correct Answer: All of the above. Response Feedback: Good work  Question 2 3 out of 3 points Departments, or offices, within an organization that reach across the dividing line that separates the company from groups and people in society are: Selected Answer: Boundary-spanning departments. Correct Answer: Boundary-spanning departments. Response Feedback: Good work  Question 3 3 out of 3 points The five types of stakeholders' power recognized by most experts are: Selected Answer: Voting, economic, political, legal, and informational power. Correct Answer: Voting, economic, political, legal, and informational power. Response Feedback: Good work  Question 4 3 out of 3 points

Stakeholder groups can include: Selected Answer: All of the above. Correct Answer: All of the above. Response Feedback: Good work  Question 5 3 out of 3 points Which statement is not correct about the business-society interdependence? Selected Answer: Actions by governments rarely affect business. Correct Answer: Actions by governments rarely affect business. Response Feedback: Good work  Question 6 3 out of 3 points The instrumental argument says stakeholder management is: Selected Answer: More effective as a corporate strategy. Correct Answer: More effective as a corporate strategy. Response Feedback: Good work  Question 7 3 out of 3 points Stakeholders have been able to form international coalitions more successfully through use of: Selected Answer: Communications technology.

Correct Answer: Communications technology. Response Feedback: Good work  Question 8 3 out of 3 points Which one of the following is considered to be a nonmarket stakeholder of business? Selected Answer: Nongovernmental organizations. Correct Answer: Nongovernmental organizations. Response Feedback: Good work  Question 9 3 out of 3 points What kind of power might a local community use to influence a company's decisions? Selected Answer: All of the above. Correct Answer: All of the above. Response Feedback: Good work  Question 10 3 out of 3 points All of the following are external stakeholders of the firm except: Selected Answer: Manager s. Correct Answer: Manager s.

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Response Feedback: Good work  Question 11 3 out of 3 points Which of the following is not considered to be a nonmarket stakeholder? Selected Answer: Creditor s. Correct Answer: Creditor s. Response Feedback: Good work  Question 12 3 out of 3 points Which argument says that stakeholder management realistically depicts how companies really work? Selected Answer: Descriptive argument. Correct Answer: Descriptive argument. Response Feedback: Good work  Question 13 3 out of 3 points A firm subscribing to the ownership theory of the firm would mainly be concerned with providing value for its: Selected Answer: Shareholde rs. Correct Answer: Shareholde rs. Response Feedback: Good work  Question 14 3 out of 3 points The fiduciary duty of managers benefits a firm's:

Selected Answer: All of the above. Correct Answer: All of the above. Response Feedback: Good work  Question 15 3 out of 3 points A stakeholder analysis: Selected Answer: Involves understanding the nature of stakeholder interests. Correct Answer: Involves understanding the nature of stakeholder interests. Response Feedback: Good work  Question 16 3 out of 3 points Public issues are also sometimes referred to as: Selected Answer: Both A and B. Correct Answer: Both A and B. Response Feedback: Good work  Question 17 3 out of 3 points A leadership role in addressing emerging management issues in often taken by: Selected Answer: All of the above.

Correct Answer: All of the above. Response Feedback: Good work  Question 18 3 out of 3 points Once an issue has been identified, its implications must be: Selected Answer: Analyze d. Correct Answer: Analyze d. Response Feedback: Good work  Question 19 3 out of 3 points The drivers of stakeholders of engagement are: Selected Answer: Goals, motivation, and operational capacity. Correct Answer: Goals, motivation, and operational capacity. Response Feedback: Good work  Question 20 3 out of 3 points The components of a typical issues management process include: Selected Answer: All of the above. Correct Answer: All of the above. Response Feedback: Good work  Question 21 3 out of 3 points

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Stakeholder engagement is, at its core, a: Selected Answer: Relationshi p. Correct Answer: Relationshi p. Response Feedback: Good work  Question 22 0 out of 3 points The role of special interest groups is an important element in acquiring intelligence from the: Selected Answer: Competitor environment. Correct Answer: Social environment. Response Feedback: That's not correct  Question 23 3 out of 3 points The explosive use of social media is an example of: Selected Answer: Customer environment. Correct Answer: Customer environment. Response Feedback: Good work  Question 24 3 out of 3 points Legal environmental intelligence includes: Selected Answer: Considerations of patents, copyrights, or trademarks.

Correct Answer: Considerations of patents, copyrights, or trademarks. Response Feedback: Good work  Question 25 3 out of 3 points Proactive companies are: Selected Answer: Much less likely to be blindsided by crises and negative surprises. Correct Answer: Much less likely to be blindsided by crises and negative surprises. Response Feedback: Good work  Question 26 3 out of 3 points Firms that generally act only when forced to do so, and then in a defensive manner are: Selected Answer: Reactive companies. Correct Answer: Reactive companies. Response Feedback: Good work  Question 27 3 out of 3 points Customer environmental intelligence includes: Selected Answer: Demographic factors. Correct Answer: Demographic factors. Response Feedback: Good work

 Question 28 3 out of 3 points The issues management process is a: Selected Answer: Systematic process companies use when responding to public issues that are of greatest importance to the business. Correct Answer: Systematic process companies use when responding to public issues that are of greatest importance to the business. Response Feedback: Good work  Question 29 3 out of 3 points Once an organization has implemented the issue management program, it must: Selected Answer: Study the results and make necessary adjustments. Correct Answer: Study the results and make necessary adjustments. Response Feedback: Good work  Question 30 3 out of 3 points The relevance and importance of stakeholders and their issues is known as: Selected Answer: Stakeholder materiality. Correct Answer: Stakeholder materiality. Response Feedback: Good work

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