The "Systems Approach" to Business and Society Builds on Which

question 39

Multiple Choice

The "systems approach" to business and society builds on which of the following stakeholder theory insights?

• A) That firms have relationships with many constituent groups, which both affect and are affected by the actions of the firm.
• B) That firms have relationships with many constituent groups, and that these groups must be managed to best promote value to stockholders.
• C) That although firms have relationships with many constituent groups, these groups have little impact on the ongoing management of business firms.
• D) That firms have relationships with only a few groups, such as employees, that are directly connected with business operations.

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Definitions:

Win-lose strategy

A negotiation approach where one party's gain is perceived to directly correlate with the other party's loss, suggesting a competitive outlook.

Distributive strategies

Approaches used in negotiations that focus on dividing a fixed amount of resources, often leading to a win-lose outcome.

Tangible issues

Problems or matters that can be quantified or measured, often having a physical dimension or concrete implications.

Intangible issues

Issues that are not easily quantified or measured, often related to emotional, psychological, or cultural factors.