CH1exam - CH1 The Business and Society Relationship (Quiz)...

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CH1 The Business and Society Relationship (Quiz) 1. A social problem is: a. a gap between society's expectations of social conditions and current social realities. b. a gap between society's expectations of social conditions and those of the federal government. c. a gap between society's expectations of social conditions and technological reality. d. a gap between society's expectations of social conditions and environmental conditions. correct answer: a 2. Which one of the acts described below would be considered a proactive behavior? a. A company obeys laws that have been passed limiting the amount of pollution discharged into the air. b. A company anticipates the need for a day-care center for its employees' children, and opens one adjacent to its office building. c. A company sees that its competitors are sponsoring several youth sports teams and decides that its image will be enhanced if it also sponsors some teams. d. After receiving many complaints about inferior products from their customers, a company improves the quality of its goods. correct answer: b 3. Core stakeholders are: a. vital to the organization and the particular set of threats and opportunities the firm faces. b. all stakeholders that are important to the firm's future. c. the same as primary social stakeholders. d. essential for the survival of the organization. correct answer: d 4. The most basic level of stakeholder management capability, which entails identifying stakeholders groups and their respective stakes, is known as: a. the process level. b. the transactional level. c. the identity level. d. the rational level. correct answer: d
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CH1 The Business and Society Relationship (Quiz) 5. Studies of executive compensation show that: a. executives' pay packages are closely related to the firm's financial performance. b. executives' pay packages are inversely related to the firm's financial performance.
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This note was uploaded on 04/08/2010 for the course BUSINESS BUSS301 taught by Professor Wendy during the Spring '08 term at École Normale Supérieure.

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CH1exam - CH1 The Business and Society Relationship (Quiz)...

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