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Satisfying the needs of shareholders instead of other

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17) Satisfying the needs of shareholders, instead of other stakeholders, must be paramount to abusiness becauseA) This objective is always consistent with those of other stakeholdersB) Government will put pressure on a business to do soC) Other stakeholders do not have an impact on the success of the businessD) Shareholders will always ensure that the needs of other stakeholders will be metE) If the management team does not pursue this goal, they will be replacedAnswer:E
Diff: 2Type: MCPage Ref: 8Skill:AppliedQuestion Type:Qualitative18) A mission statement reflects a company'sB
Diff: 1Type: MCPage Ref: 8-9Skill:RecallQuestion Type:Qualitative19) A mission statement often includesA
Diff: 1Type: MCPage Ref: 11Skill:RecallQuestion Type:Qualitative20) Pressure to increase returns to shareholders has
B) Grown due to the relative ease of moving funds to any opportunity in the worldC) Not changed in the past decadeD) Decreased because of the stability of the North American economyE) Decreased in response to availability of better information through technologyAnswer:BDiff: 2Type: MCPage Ref: 9Skill:AppliedQuestion Type:Quantitative21) Wealth maximization is consistent with ethical behavior becauseA) Managers tend to focus on long-term results not immediate performanceB) All unethical behavior by managers is known and ethical shareholders will not hold shares intheir companiesC) Any unethical behavior always results in legal proceedings against the companyD) Low wages and poor working conditions do not produce quality, innovative productsE) In the short term, ethical behavior is always more cost-effective than unethical behaviorAnswer:

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