The Relationship Between Institutional Theory (IT),Legitimacy Theory (LT)and Stakeholder Theory

question 22

Multiple Choice

The relationship between Institutional Theory (IT) ,Legitimacy Theory (LT) and Stakeholder Theory (ST) is that:

• A) IT is a normative theory while LT and ST are positive theories
• B) IT is a more detailed version of LT, and broadly consistent with ST
• C) The mechanisms IT suggests firms will use to align the perceptions of their performance with society's values could include the mechanisms suggested by LT and ST
• D) The mechanisms IT suggests firms will use to align the perceptions of their performance with society's are different from the mechanisms suggested by LT and ST

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Definitions:

Anger

An emotional state that varies in intensity from mild irritation to intense fury and rage, often triggered by perceived wrongs or frustrations.

Kübler-Ross

Elisabeth Kübler-Ross, a psychiatrist known for her theory of the five stages of grief: denial, anger, bargaining, depression, and acceptance.

Acceptance

The action of consenting to receive or undertake something offered; also, the quality of being received as adequate or suitable.

Cancer

A disease characterized by the uncontrolled division of abnormal cells in a part of the body.