Stakeholder Interaction Model Essay

1742 Words7 Pages
ONLINE SOC RESP TEST ONE CHAPTERS 1-4 Scroll down (33 questions total) Name ___________________________________________ 1. Which of the following best describes social responsibility? ______ a. | A corporation's rights, such as due process in a court of law, freedom of speech, and privacy | b. | Adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders | c. | A company's attempt to maximize its profits in order to benefit stockholders | d. | All the policies of a company that promote ethical business practices | e. | All businesses except those with less than 50 employees | 2. To which of the following forms of business…show more content…
| Government | 11. Which of the following best describes the rationale of the stakeholder interaction model? _____ a. | The customer receives most of the value because investors, suppliers, and employees are compensated at a reasonable level. | b. | This model involves a two-way relationship with the firm's stakeholders. | c. | A company basically produces at a level equal to the amount of input received from investors, suppliers, and employees. | d. | Open communication between employees and management creates the input-output flow in an organization. | e. | In order to create final products or output, an organization must have several different inputs. | 12. The ____ model explicitly acknowledges the dialog that exists between a firm's internal and external environments. __________ a. | Output | b. | Input | c. | Societal | d. | Shareholder | e. | stakeholder interaction | 13. Which of the following does not describe the treatment of stakeholders on a worldwide basis? _____ a. | Large and progressive companies in most economically developed nations have embraced the stakeholder model. | b. | As more businesses enter the global market, they encounter the complexity of balancing stakeholders' relationships with other business operations and decisions.
Open Document