FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 4: Corporate Organization and the Role of Stakeholders

Show Answer

Share

---

All types

Filters

Study Flashcards

Question 41

Multiple Choice

Review LaterAdd Note

Review Later

By law, food products sold in the United States must include a list of ingredients on labels or packaging. Ingredients are listed based on the amount present within the food item. Some manufacturers provided this information prior to it becoming law. By doing this, organizations were using what model when providing ingredient information?

A) stakeholder primacy
B) shareholder perspective
C) instrumental stakeholder
D) intrinsic stakeholder

Correct Answer

verified

Show Answer

Question 42

Multiple Choice

Review LaterAdd Note

Review Later

Patagonia's founder Yves Chouinard has prioritized preserving the natural environment over profits for his business, ever since he started his first venture. Patagonia decided to use only organic cotton for its clothing production to avoid the use of harmful chemicals and pesticides. The company pledged to donate 1 percent of its sales revenue to environmental organizations, and it encouraged consumers to buy only products that they need. These decisions represent concern for which set of stakeholder groups?

A) shareholders, suppliers, and community
B) government, management, and employees
C) the general public, world society, and creditors
D) future generations, animal species, and the environment

Correct Answer

verified

Show Answer

Question 43

Essay

Review LaterAdd Note

What are two specific benefits of the instrumental stakeholder model?

B-Corporations put emphasis on the following stakeholders except

Why would an organization be formed as a philanthropic enterprise? What is the intention of the individual(s) who form such a business?

Chu's Shoes is considering expanding its operations by leasing and retrofitting a former shopping center. The closing of the shopping center affected the local community, and thus it welcomes the expansion. Chu's has also pledged to add 150 new jobs with the expansion. Which one of the following statements best describes the plans of Chu's Shoes?

If an organization wants to be strategic and profitable, but also sees the value in being responsive to stakeholders, which of the following choices states what the organization should do?

Describe the main difference between C-Corps and B-Corporations.

Explain the difference between a dormant stakeholder, discretionary stakeholder, and demanding stakeholder. In your opinion, which stakeholder does an organization give more concern about their needs? Explain.

Several requirements must be met to become a B-Lab-certified B-Corporation. Which of the following choices are not among these requirements?

There is a spectrum of stakeholder involvement in business decisions. Which types of firms usually include extensive stakeholder involvement?

A dependent stakeholder is one that a company views as having merit to their claim, but they do not have _______, which makes their claims less likely to been viewed as important enough to create change.

Businesses were once formed with the sole purpose of filling a specific need and making money. If the firm was no longer needed, it was dissolved. What are the positives of this process?

Costco is viewed as an employee-friendly company. Costco provides its employees with competitive compensation and benefits. The company also prefers to promote from within, providing opportunity for many of its employees and helping to minimize employee turnover. Choose the option below that best describes the stakeholder groups that most benefit from these employment practices.