Business ethics - Chapter 2
Question for Chapter 2
Question for Chapter 2
Set of flashcards Details
| Flashcards | 33 |
|---|---|
| Language | English |
| Category | Micro-Economics |
| Level | University |
| Created / Updated | 07.01.2024 / 15.01.2025 |
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Some economists believe that if companies address economic and legal issues, they are satisfying the demands of society, and thattrying to anticipate and meet additional needs would be almost impossible. Which economist’s theory are they following mostclosely with this belief?
The term used to express how a firm meets its stakeholder expectations of its economic, legal, ethical, and philanthropic responsibilities is
In corporate governance, is the process of auditing and improving organizational decisions and actions.
Accountability, oversight, and control all fall under the definition and implementation of corporate
Which of the following is a major ethical concern among corporate boards of directors?
One policy to address the issue of executive pay was implemented by J.P. Morgan, it stated that
The specific steps for implementing the stakeholder perspective do not include which of the following?
What are the four levels of social responsibility?
The model is founded in classic economic precepts.
Which of the following are not typically secondary stakeholders?
Which of the following are not typically primary stakeholders?
Why do critics argue that high compensation for boards of directors is a bad thing?
Board members being linked to more than one company is an example of
What is the first step in implementing a stakeholder perspective in an organization?
A stakeholder orientation is not complete unless it includes
Those who have a claim in some aspect of a firm's products, operations, markets, industry, and outcomes are known as
Stakeholders' power over businesses stems from their
Which of the following do not typically engage in transactions with a company and thus are not essential for its survival?
A firm that makes use of a ___ recognizes other stakeholders beyond investors, employees, and suppliers, and explicitly acknowledges the two-way dialog that exists between a firm's internal and external environments.
The degree to which a firm understands and addresses stakeholder demands can be referred to as
Which of the following industries tends to generate a high level of trust from consumers and stakeholders?
Which of the following is not a benefit that primary stakeholders tend to provide to organizations?
A stakeholder group that is absolutely necessary for a firm’s survival is defined as
When unethical acts are discovered in a firm, in most instances
Which of the following is not a method typically employed by firms when researching relevant stakeholder groups?
A stakeholder orientation can be viewed as a(n)
Shareholders provide resources to an organization that are critical to long term success. Which of the following does the booksuggest that suppliers offer?
Which of the following is not associated with the stakeholder interaction model?
The first of the three activities that are associated with the stakeholder orientation is the
Public health and safety and support of local organizations are issues most relevant to which stakeholder group?
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