Three assumptions of the stakeholder analysis approach

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1. Which of the following approaches does the following statement represent: This approach takes into account non-market forces that affect organizations and individuals, such as moral, political, legal, and technological interests, as well as economic factors.

Stakeholder approach

Stockholder approach

2. Which of the following approaches does the following statement represent: This approach focuses solely on financial and economic relationships, with stockholders/owners as primary beneficiaries of managerial decisions.

Stakeholder approach

Stockholder approach

3. The owners of a corporation are the

primary stakeholders.

secondary stakeholders.

4. The media is a

primary stakeholder.

secondary stakeholder.

5. Employees are

primary stakeholders.

secondary stakeholders.

6. Consumer groups are

primary stakeholders.

secondary stakeholders.

7. The stakeholder theory argues that organizations should treat all their constituencies

ethically

legally

fairly

rightly

8. If organizations treat their constituencies fairly, they can enable the companies to perform __________ in the marketplace.

worse

better

about the same

9. The stockholder approach focuses solely on _________________ relationships, with stockholders or owners as primary beneficiaries of managerial decisions. [Choose all that apply]

financial

legal

ethical

cultural

economic

10. Which of the following is not one of the three assumptions of the stakeholder analysis approach?

Profit maximization is constrained by justice

Regard for individual rights should be extended to all constituencies that have a stake in a business

Capitalism encourages organizations to focus primarily on the stakeholder analysis when making decision.

Organizations are not only "economic" in nature but can act in socially responsible ways, not only because it is the "right thing to do," but also to ensure their legitimacy

Reference no: EM132275862

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