CH3exam - CH3 The Stakeholder Approach to Business,...

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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. The multiple bottom-line perspective holds that: a. the financial bottom line is irrelevant, so other bottom lines should be utilized. b. companies should report their results of operations on the bases of both historical cost and current values. c. both financial and ecological results should be reported to the public. d. there are three key spheres of sustainability -- economic, social, and environmental. correct answer: d 3. 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 4. Which of the following is not one of the five major questions that capture the essential information needed for stakeholder management? a. Who are our stakeholders? b. What are our stakeholders' stakes? c. What opportunities and challenges do the stakeholders present to the firm? d. What responsibilities do the stakeholders have to the firm? correct answer: d 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. c. executives' pay packages often go up even if the firm's financial performance falls. d. executives' pay packages have remained level for the past decade.
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CH3exam - CH3 The Stakeholder Approach to Business,...

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