Shareholders VS Stakeholders

Question 1

According to Freeman (1984), who is considered a stakeholder of an organization?

Accepted Answer

1

Question 2

A shareholder is someone who owns a part of a company called stock or a share.

Accepted Answer

o

Question 3

What is the primary goal of a company from a shareholder's perspective, as discussed in the text?

Accepted Answer

Profit maximization

Question 4

Which of the following is NOT a benefit of focusing on profit maximization from a shareholder perspective?

Accepted Answer

2

Question 5

The Stakeholder Theory suggests that businesses have obligations to groups beyond just their owners.

Accepted Answer

o

Question 6

From a stakeholder perspective, why is it considered morally wrong to ignore the well-being of groups like employees and communities?

Accepted Answer

Ethical responsibility

Question 7

Satisfied stakeholders can lead to all of the following EXCEPT:

Accepted Answer

3

Question 8

According to the text, who are considered primary stakeholders?

Accepted Answer

2

Question 9

Secondary stakeholders are usually actively involved in the daily operations of a company.

Accepted Answer

x

Question 10

Which of the following is an example of a physical benefit or harm a stakeholder might experience from a firm's activities?

Accepted Answer

1

Question 11

What is an example of an emotional benefit a consumer might experience?

Accepted Answer

Enjoyment of product

Question 12

A company's decision to change its working conditions is an example of a stakeholder hoping to achieve what?

Accepted Answer

2

Question 13

Stakeholder Salience Theory uses power, legitimacy, and urgency to prioritize stakeholder groups.

Accepted Answer

o

Question 14

What does 'power' mean in the context of Stakeholder Salience Theory?

Accepted Answer

Ability to influence

Question 15

Which of the following is a characteristic of 'legitimacy' in Stakeholder Salience Theory?

Accepted Answer

1

Question 16

A stakeholder claim that requires immediate attention is described as having urgency.

Accepted Answer

o

Question 17

Which type of stakeholder engagement is characterized by the motive of being informative, with examples like newsletters and briefing sessions?

Accepted Answer

2

Question 18

Consulting stakeholders through questionnaires or focus groups falls under which engagement strategy?

Accepted Answer

Two-way

Question 19

Bargaining and strategic alliances are examples of multi-way stakeholder engagement strategies.

Accepted Answer

o

Question 20

What is a key benefit of stakeholder engagement mentioned in the text?

Accepted Answer

2