Stakeholders and Business Ethics

BUS475 Week 3 Knowledge Check

Personalized Study Guide Results: Score: 17 / 18
Concepts Mastery Questions
Stakeholder Influence
67%
123
Ethical Differences
100%
456
Rules of Ethical Decision Making
100%
789
Laws Affecting Business Commerce
100%
101112
Laws Affecting Business Occupation
100%
131415
Laws Affecting Business Organization
100%
161718
Concept: Stakeholder Influence

Mastery
67%
Questions
123
Materials on the concept:

Stakeholders and Business Ethics
1.
Which of the following people or groups supply a company with productive resources and are affected by the way a company does business?
A.
Stakeholders
B.
Customers
C.
Employees
D.
Managers
Correct :
“Stakeholders (are) people or groups of people who supply a company with its productive resources and thereby have an interest in how the company behaves” (Jones, 2007, p. 144).

Materials
Stakeholders and Business Ethics
2.
Who has a claim on a company because they own shares?
A.
Employees
B.
Stockholders
C.
Customers
D.
Managers
Correct :
Stockholders own shares (stock) of a company; therefore, they have a claim on the company’s profits in the form of dividends.

Materials
Stakeholders and Business Ethics
3.
Important issues can arise concerning how and when payments are made to this group of stakeholders?
A.
Stockholders
B.
Customers
C.
Employees
D.
Suppliers and distributors
Incorrect :
Many issues are dependent on business ethics, one of which is making sure that suppliers and distributers get paid in a timely manner for the inputs they supply to a company.

Materials
Stakeholders and Business Ethics
Concept: Ethical Differences

Mastery
100%
Questions
456
Materials on the concept:

Rules for Ethical Decision Making
Business Ethics
Societal Ethics
4.
Which of the following impact ethical practices in business at home and abroad?
A.
Societal ethics, occupational ethics, individual ethics, and organizational ethics
B.
Legal ethics, environmental ethics, individual ethics, and organizational ethics
C.