38.Discussthedifferencebetweenprimaryandsecondarystakeholdersin thestakeholderinteractionmodelandgive examplesforeachtype. Thestakeholderinteractionmodelacknowledgestherearereciprocalrelationships ANSWER: betweenthecompanyandseveralprimaryandsecondarystakeholders. Themodel alsoacknowledgesthedialoguebetweenthecompany'sinternalandexternal environments. Primarystockholdersareessentialtothecompany'ssurvivaland include: employees,shareholders,suppliers,community,governmentregulatory agenciesandcustomers. Secondarystakeholdersarenotessentialtothecompany's survivalandinclude: specialinterestgroups,the massmedia,competitorsandtrade associations. 1 POINTS: Moderate DIFFICULTY: REFERENCES: stakeholderinteractionmodel p.35, figure2-2 2.1: Identify stakeholders’ roles in business ethics LEARNINGOBJECTIVES: UnitedStates-BUSPROG:Ethics NATIONALSTANDARDS: UnitedStates- NONE- DISC:EthicalResponsibilities-EthicalResponsibilities STATESTANDARDS: Blooms:Comprehension KEYWORDS: 39.Whydo somebusinesspeopleandscholarsquestionwhetherethicsshouldhavearoleinbusiness? Manybusinesspeopleandscholarsquestionthe roleofethicsandsocialresponsibility ANSWER: inbusiness. Legalandeconomicresponsibilitiesaregenerallyacceptedas themost importantdeterminantsof performance. "Ifthisiswelldone,"sayclassiceconomic theorists,"profitsaremaximizedmoreorlesscontinuouslyand firmscarryout their majorresponsibilitiestosociety." 1 POINTS: Easy DIFFICULTY: p.39 REFERENCES: 2.3: Examine the relationship between stakeholder orientation and social responsibility LEARNINGOBJECTIVES: UnitedStates- NONE- DISC:EthicalResponsibilities-EthicalResponsibilities STATESTANDARDS: Blooms:Comprehension KEYWORDS:
38.Discussthedifferencebetweenprimaryandsecondarystakeholdersin thestakeholderinteractionmodelandgive examplesforeachtype. ANSWER: Thestakeholderinteractionmodelacknowledgestherearereciprocalrelationships betweenthecompanyandseveralprimaryandsecondarystakeholders. Themodel alsoacknowledgesthedialoguebetweenthecompany'sinternalandexternal environments. Primarystockholdersareessentialtothecompany'ssurvivaland include: employees,shareholders,suppliers,community,governmentregulatory agenciesandcustomers. Secondarystakeholdersarenotessentialtothecompany's survivalandinclude: specialinterestgroups,the massmedia,competitorsandtrade associations. POINTS: 1 DIFFICULTY: Moderate REFERENCES: stakeholderinteractionmodel p.35, figure2-2 LEARNINGOBJECTIVES: 2.1: Identify stakeholders’ roles in business ethics NATIONALSTANDARDS: UnitedStates-BUSPROG:Ethics STATESTANDARDS: UnitedStates- NONE- DISC:EthicalResponsibilities-EthicalResponsibilities KEYWORDS: Blooms:Comprehension 39.Whydo somebusinesspeopleandscholarsquestionwhetherethicsshouldhavearoleinbusiness? ANSWER: Manybusinesspeopleandscholarsquestionthe roleofethicsandsocialresponsibility inbusiness. Legalandeconomicresponsibilitiesaregenerallyacceptedas themost importantdeterminantsof performance. "Ifthisiswelldone,"sayclassiceconomic theorists,"profitsaremaximizedmoreorlesscontinuouslyand firmscarryout their majorresponsibilitiestosociety." POINTS: 1 DIFFICULTY: Easy REFERENCES: p.39 LEARNINGOBJECTIVES: 2.3: Examine the relationship between stakeholder orientation and social responsibility STATESTANDARDS: UnitedStates- NONE- DISC:EthicalResponsibilities-EthicalResponsibilities KEYWORDS: Blooms:Comprehension
Test%20Bank%20for%20Business%20Ethics%20Ethical%20Decision%20Making%20and%20Cases%2010th%20Edition%20Ferrell,%20Fraedrich,%20Ferrell.docx