Stakeholders in Ethical Decision-Making MCQs
Stakeholders in Ethical Decision-Making MCQs
Answer these 10+ Stakeholders in Ethical Decision-Making MCQs and assess your grip on the subject of Stakeholders in Ethical Decision-Making.
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1: Collaborations between _____ are called business NGO partnerships.
A. Business and nongovernmental organizations
B. Business and governmental organizations.
C. Non business and nongovernmental organizations.
D. Non business and governmental organizations.
2: Which of the statements is correct about Cross-sector partnership?
A. Profit organizations and public sector
B. Private sector and Non Profit organizations.
C. Private sector, Public sector, and nonprofit organizations
D. Private sector and Public sector,profit organizations
3: The strategy of having a _____ status and set of attributes that set the company’s products and services apart from those of other firms is called Differentiation.
A. Distinct
B. Same
C. Both a and b
D. All of the above
4: _____ is a collaboration that includes business, government, and nongovernmental organizations.
A. Public partnership
B. Private partnership
C. Public-private partnerships
D. Multisector partnerships
5: Non government–business collaborations are known as public-private partnerships.
A. True
B. False
6: Stakeholder theory is that the sole responsibility of business is to earn maximum return for shareholders, within the boundaries of society’s laws and customs.
A. True
B. Flase
7: Stakeholder engagement is the ongoing process of _____ relationships with stakeholders to resolve problems of mutual concern.
A. Interacting
B. Building
C. Connecting
D. All of the above
8: Stakeholder is the theory that the responsibility of business is to create for _____ ?
A. Stakeholders
B. Shareholders
C. Both a and b
D. None of the above
9: ______ theorists argue there is no tradeoff between serving shareholders and serving other stakeholders, and in fact doing the latter is good for the former.
A. Social exchange
B. Stakeholder
C. Social learning
D. Population ecology
10: Stakeholders receive ______ to make their contributions to the company.
A. Supplies
B. Bargaining chips
C. Capital expenditures
D. Inducements
11: When considering the reciprocal duties of companies and stakeholders, companies offer taxes, jobs, other economic, social, and environmental benefits, and ______ provide facilities, infrastructure, competent workforce, and an operating environment conducive to profitability.
A. Suppliers
B. Communities and their members
C. Customers
D. Employees
12: Based on the reciprocal duties of companies and stakeholders, companies offer ______, and customers provide financial payments (company revenues).
A. Taxes, jobs, other economic, social, and environmental benefits
B. Reliable, affordable, quality products, and services
C. Wages, benefits job security, and opportunities
D. Financial gain (e.g., dividends, increase in stock price)
13: Milton Friedman had a ______ view of corporate expenditures.
A. Geometric
B. Redundant
C. Additive
D. Zero-sum
14: After it was determined that seven people died after ingesting Tylenol pills that a malevolent person had laced with cyanide, Johnson & Johnson ______.
A. Attempted to hide the scandal to reduce damage to the bottom line
B. Immediately removed the pain medication from store shelves across the world in order to protect its customers
C. Hired a Chief Ethics Officer to run its ethics programs
D. Sold the brand to a competitor to avoid customer backlash
15: A criticism of stakeholder theory is that it is very difficult to implement because the theory ______.
A. Ignores the rights of stakeholders.
B. Focuses mainly on the development of sustainable business practices
C. Confuses managers by giving them the impossible task of trying to satisfy the interests of many different stakeholders simultaneously
D. Complicates the process of stakeholder management by ignoring the role of time management in the optimization of stakeholder relationships
16: Symbolic conformity with stakeholder expectations as a means of justifying self-interested decisions by top managers is a key-ethical pitfall to avoid with ______ theory.
A. Resource dependency
B. Population ecology
C. Stakeholder
D. Shareholder
17: Companies taking a(n) ______ approach to stakeholder engagement respond to stakeholders’ concerns only when they are forced to do so, and then do so defensively by denying and resisting concerns.
A. Inactive
B. Interactive
C. Reactive
D. Proactive
18: __________ partnerships are mechanisms for cooperation between private sector, public sector, and non-profit organizations in order to address an issue or problem.
A. Interactive
B. Cross-purpose
C. Symbiotic
D. Cross-sector
19: Major corporate governance issues normally involve _____ decisions.
A. Strategic-level
B. Tactical-level
C. Divisional-level
D. Marketing-level
E. Accounting-level
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Stakeholders in Ethical Decision-Making MCQs
