Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
63.
The board at TriCom Manufacturing Corp. has decided to allocate 20 percent of the
company's shares to its workforce, at a discounted price. Apart from being a valued
investment, the plan will allow the employees to take personal responsibility for the firm's
performance. Which of the following employee incentive schemes does this best
illustrate?
64.
Which of the following statements about a firm's stakeholders is true?
65.
Which of the following would be considered a weak stakeholder strategy?
66.
Which of the following does
not
explain why activist investors have more power over a firm
than individual investors?
67.
Which of the following is step 3 in the five-step process of stakeholder impact analysis?
68.
_____ is best described as a framework that helps firms recognize and address the
economic, legal, social, and philanthropic expectations that society has of the business
enterprise at a given point in time.
69.
In stakeholder impact analysis, identifying the opportunities and threats presented by
stakeholders is immediately followed by
70.
Which of the following statements accurately describes corporate social responsibility
(CSR)?
71.
Paying taxes to local government authorities from the annual revenues generated by a firm
represents the firm's _____ responsibilities.
72.
Which of the following is typically an economic responsibility of a firm?
73.
A firm's economic responsibilities are primarily directed toward
74.
The minimum wage in the country of New Morland is $8 an hour. Odion, a restaurant in
New Morland's capital city, pays its servers $8 per hour. However, the management of the
restaurant feels that this amount is excessive for workers whose only job is to clear tables.
By continuing to adhere to the rules set by the government of New Morland, which of the
following responsibilities is Odion satisfying?
75.
The amount of xylene that can be used in household paint is legally limited to 0.03
percent. Anything beyond this amount is hazardous to health and the environment, and
considered a legal offense. Consequently, CW Paints Corp. has vouched to make its
products as safe as possible. Therefore, it manufactures xylene-free paints even though
this increases its costs and reduces the dividends paid to its shareholders in the long run.
Which of the following responsibilities is CW Paints Corp. primarily compromising in this
scenario?
76.
Van Dyke's Fashion Inc., a company that manufactures clothing, incurs higher costs
because of its refusal to build factories in countries where child labor is prevalent. This
reflects Van Dyke's Fashion's _____ responsibility.
77.
Within corporate social responsibility, _____ essentially reflects the notion of a business
voluntarily giving back to society.
78.
Which of following practices of a firm satisfies its ethical responsibilities?
79.
In the pyramid of corporate social responsibility, _____ responsibilities are the foundational
building block.
80.
The society and shareholders mandatorily require a firm to perform its _____
responsibilities.
81.
Which of the following responsibilities results from a society's mere expectations of a
business and not because the society and the shareholders mandatorily require the
business to demonstrate it?
82.
Which of the following statements is true of the social responsibilities of a business?
83.
The society and the shareholders just expect, and do not mandatorily require, a firm to
84.
In the final step of the stakeholder impact analysis, a firm
85.
The U.S. government legitimized claims by thousands of businesses and individuals in the
aftermath of the BP oil spill in the Gulf of Mexico, causing the claims to become of great
urgency to BP. This best represents the process of
86.
The _____ is a model that links strategy analysis, strategy formulation, and strategy
implementation, which together helps managers plan and implement a strategy that can
improve performance and result in competitive advantage.
