1.)Some analysts believe that business’s social legitimacy is fragile. True Fals

Question

1.)Some analysts believe that business’s social legitimacy is fragile.

True
False

2.)Shareholders’ control is manifested primarily in the right to select the CEO of the company.

True
False

3.)The major condition of modern corporations that contributes to the corporate governance problem is the separation of ownership from control.

True
False

4.)Wages have grown faster than CEO salaries over the past decade.

True
False

5.)The issue at the heart of the Sarbanes-Oxley Act is protection for whistle blowers.

True
False

6.)Congruence between the organization’s activities and society’s expectations is called

A.)Alignment
B.)Legitimacy
C.)Social norms
d.)Acceptability

7.)The dynamic process by which business seeks to perpetuate its acceptance is called

Advertising
Marketing
Legitimation
Embedding

8.)The method by which a firm is being governed, directed, administered, or controlled is

Corporate governance
Management
Management by objectives
Management by decree

9.)Shareholders are

Owners of the corporation
Creditors of the corporation
Anyone who is affected by the corporation
Employees of the corporation

10.)The group that is elected by shareholders to govern and oversee management is the

Investment council
Board of directors
Board of trustees
Governing council

Explanation / Answer

1.) The correct answer is true.

Social legitimacy refers to the process where the norms and values of the society make the process, act or idea legitimate. This make the ideas, actor process acceptable to the audience. Business's social legitimacy is fragile becuase the existence of business depends on the soceity because society has given theat right and as the society change the social legitimacy of business may also change.

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