A number of European countries require public companies to include employee members on their boards of directors, so:
The employees are available to answer questions.
Management does not have to attend the meetings.
That their interests will be explicitly represented.
They have more power than any other stakeholder.
Stakeholders have been able to form international coalitions more successfully through use of:
The instrumental argument says stakeholder management is:
A more realistic description of how companies really work.
More effective as a corporate strategy.
Simply the right thing to do.
Determined by the amount of stock owned in the firm.
Which one of the following is considered to be anonmarketstakeholder of business?
Which of the following isnotconsidered to be a nonmarket stakeholder?
Customers can exercise economic stakeholder power by:
Voting on a proposed merger for the company and a competitor.
Boycotting products if they believe the goods are too expensive.
Attending the company’s annual meeting.
Applying for a job with the company.
Which argument says that stakeholder management realistically depicts how companies really work?
The five types of stakeholders’ power recognized by most experts are:
Voting, economic, political, legal, and informational power.
Social, legal, environmental, economic, and political power.
Social, regulatory, voting, governance, and media power.
Economic, media, legal, stockholder, and political power.
When something stands out from a background, is seen as important, or draws attention it is:
All of the following are external stakeholders of the firmexcept:
With the explosive growth of technologies that facilitate the sharing of information, this kind of stakeholder power has become increasingly important:
The phenomenon of a person or group holding multiple stakeholder duties is referred to as:
Interactions between business and society occur:
Within a finite natural ecosystem.
Only during an environmental crisis.
When business employees and the community are of similar cultural backgrounds.
When legislation is passed requiring interaction.
A stakeholder analysis:
Creates equality among all stakeholder interests.
Allows managers to examine two primary questions.
Involves understanding the nature of stakeholder interests.
Uses resources to achieve a desired decision or outcome.
When a community group sues a company for health effects caused by the unsafe disposal of toxic chemicals, this is an exercise of a stakeholder’s: