1 In order for a business corporation to be sustainable tha

1. In order for a business corporation to be sustainable - that is, to be sucessful over a long period of time - it must satisfy______.

A. all of its? economic, legal,? ethical, and discretionary responsibilties.

B. all of its? ethical, discretionary,? societal, and economic.

C. all of its? economic, legal, and societal responsibilities

D. all of its ethical and societal responsibilities.

E. both economic and legal responsibilities.

2. In order to determine which? group\'s interest has? priority, the corporation may need to craft? a(an) ________________, an overarching strategy that explicitly articulates the? firm\'s ethical relationship with its stakeholders.

A. mission statement

B. ethical code of conduct

C. mission, vision, and statement of ethical responsibilties

D. enterprise strategy

E. vision statement

3. Stakeholder analysis is the identification and evaluation of corporate stakeholders. The first step in stakeholder analysis is to identify primary stakeholders. All of the following statements are correct about primary stakeholders in stakeholder analysis EXCEPT? ____________.

A. determining exactly who constitutes the? firm\'s customers and exactly what they want is a complex but not difficult task

B. primary stakeholders have sufficient bargaining power to directly affect corporate activities

C. primary stakeholders include? customers, employees,? suppliers, shareholders, and creditors

D. primary stakeholders have a direct connection with the corporation. have sufficient bargaining power to directly affect corporate activities

E. the relationship between a firm and many of its primary stakeholders is regulated by written or verbal agreements and laws

4. The third step in stakeholder analysis is to estimate the effect on? __________________________________ from any particular strategic decision.

A. primary stakeholders

B. the global community

C. stakeholders, such as vendors

D. secondary stakeholders

E. each stakeholder group

5. Moral relativism claims that morality is relative to some? personal, social, or cultural standard and that there is no method for deciding whether one decision is better than another. Which of the following is NOT a form of moral? relativism?

A. cultural relativism

B. role relativism

C. social group relativism

D. societal relativism

E. naive relativism

6. A? person\'s _______________is affected by his or her level of moral? development, certain personality? variables, and such situational factors as the job? itself, the? supervisor, and the organizational culture.

A. ethical behavior

B. code of conduct

C. personal vision statement

D. business behavior

E. moral behavior

7. ?________ constitutes? one\'s rules of personal behavior based on religious or philosophical grounds.? ________ is defined as the consensually accepted standards of behavior for an? occupation, a? trade, or a profession.

A. morality; law

B. morality; ethics

C. law; ethics

D. ethics; law

E. law; morality

8. ?________ is defined as the consensually accepted standards of behavior for an? occupation, a? trade, or a? profession; whereas? ________ constitutes? one\'s rules of personal behavior based on religious or philosophical grounds.

A. law; morality

B. law; ethics

C. ethics; law

D. ethics; morality

E. morality; law

Solution

1). Answer - A

Carroll proposes that the managers of business organizations have four responsibilities: Economic,2. Legal, Ethical and Discretionary

2). Answer - D

3). Answer - E

Because the corporation\'s relationship with each of these stakeholders is usually not covered by any written or verbal agreement.

4). Answer - E

analysis is to estimate the effect on each stakeholder group from any particular strategic decision.
Because the primary decision criteria are typically economic, this is the point where secondary stakeholders may be ignored or discounted as unimportant.

5). Answer - D

6). Answer - A

7). Answer - B

8). Answer - D