The Theory That Argues That the Real Power in Corporate

question 49

Multiple Choice

The theory that argues that the real power in corporate governance lies with management who can take advantage of shareholder weakness to pursue self-interest is referred to as:

• A)stakeholder theory.
• B)management self-interest theory.
• C)managerial hegemony theory.
• D)shareholder hegemony theory.

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Definitions:

Social Structures

Social structures are the complex framework of societal institutions (such as the economy, politics, and religion) and the social practices (rules, roles, and relationships) that make up a society.

Structural Functionalism

Describes a perspective in sociology where society is viewed as a complex structure, with its various segments working in unison to uphold solidarity and ensure overall stability.

Stability of Society

The condition in which a society maintains its structure and functions without significant disruption or change over time.

Sociological Imagination

The capacity to shift from one perspective to another to understand the relationship between individual experiences and larger social influences.