Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act quizlet?

According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims?

A. normative, descriptive, and decision-making approaches

B. stakeholder, decision-making, and descriptive approaches

C. normative, descriptive, and instrumental approaches

D. ideological, stakeholder, and environmental approaches

Not
A, B, D

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Terms in this set (25)

Which of the following is a resource made available to employees, in addition to salary?

amenities

Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act?

It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers

Which of the following best describes the interplay of promises of businesses to stakeholders and vice versa?

on-time delivery and responsiveness

Which of the following are stakeholders?

entities and people invested and influential in the success of an organization

Which of the following is the lesson learned from the Edsel story?

Stakeholder perceptions have a large impact on success

Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? (Select all that apply.)

Community members may view big box stores as a threat to small businesses' livelihood

Consumers support big box stores that offer quality goods and reasonable prices

What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people?

triple bottom line

Which of the following best relates to prioritizing stakeholders?

Customers are considered high-priority stakeholders

Which of the following examples best demonstrates the burden of the social contract that companies have with stakeholders?

Samsung's recall paid refunds and limited potential lawsuits

Which of the following are the duties of the board of directors? (Select all that apply.)

Evaluating the salary and benefits of senior management

Which does a company listed on the Dow Jones Sustainability Indices exemplify?

operating and preserving resources in an ecologically responsible manner

Which of the following are Starbucks' stakeholders? (Select all that apply.)

milk producers

urban and suburban communities

coffee and tea growers

Which of the following major historical periods did not shape business ethics?

the Middle Ages

Even in business, ethics is not about human morality but rather about human consumption.

f

Business ethics exists on which of the following three levels? Select the best answer.

individual, organizational, and societal

"Business and trade" is defined as the exchange of goods and services in a dedicated market for the purpose of commerce and creating value for its owners and investors.

T

Which of the following definitions best describes mercantilism?

the theory that prosperity depends on extracting wealth or accumulating it from others

Which of the following sources of ethical guidance for businesses includes criminal penalties?

federal law

Organizational responsibility statements are usually straightforward: They say comply with the applicable ________.

local, state, national, and international laws and regulations

It is in a business's best interest to promote human flourishing within the organization by providing ________. Select the best answer.

comprehensive training

The fact that KFC (Kentucky Fried Chicken) is branded in Quebec as PFK (Poulet Frit Kentucky) is an example of ________.

acculturation

Most business organizations hold three different kinds of beliefs about themselves. Which of the following is not a belief that businesses hold?

the belief that business is not culturally neutral

Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact?

the "purchase" of Manhattan

Which of the following definitions best describes moral agency?

the freedom and ability to make choices based on one's perception of right and wrong

Which seven-step guidelines are designed to help organizations with compliance and reporting?

Federal Sentencing Guidelines

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Which of the following is considered a primary internal stakeholder of a corporation?

A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.

Which of the following are steps in the Mitre stakeholder process?

Steps in the MITRE stakeholder management process are to establish trust, identify stakeholders, gather and analyze appropriate data, present information to management, and let stakeholders know they matter.

Which of the following are stakeholders?

In business, a stakeholder is any individual, group, or party that has an interest in an organization and the outcomes of its actions. Common examples of stakeholders include employees, customers, shareholders, suppliers, communities, and governments.

Which of the following are not stakeholders of a company?

Excluded stakeholders are those such as children or the disinterested public, originally as they had no economic impact on business. Now as the concept takes an anthropocentric perspective, while some groups like the general public may be recognized as stakeholders others remain excluded.