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Exam 1: The Business and Society Relationship.

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Question 41

Multiple Choice

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The sheer numbers of relationships that business has with other segments of society indicate the ____ of its social environment.

A) simplicity
B) size
C) divisiveness
D) complexity

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Question 42

Multiple Choice

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Major institutions in a pluralistic, special-interest society will inevitably receive

A) praise.
B) special favors.
C) analysis and criticism.
D) tax advantages.

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Question 43

True/False

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The Iron Law of Responsibility states that people who use power wisely will be rewarded with more power.

Pluralism is a condition in which there is a concentration of power among society's groups and organizations.

Segments of business's macroenvironment include all of the following except

Which of the following is not listed as a general issue involving social or ethical ramifications within the relationship between business and society?

The macro level of business power resides in

Which of the following characteristics of an industry does not add to the creation of visible and controversial social problems?

A community, nation, or broad grouping of people having common traditions, values, institutions, and collective activities and interests is a

The concept of sustainability is derived from the notion of management development.

Carrying the idea of a pluralistic society to an extreme leads to

Provide a short answer to each of these questions. Be sure to fully explain your answer. -The authors of the textbook say that, at a general level, they will be discussing the role of business in society. What do they mean by "the role of business in society?"

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Explain the rationale that is the foundation of The Iron Law of Responsibility.

The common perception of business power is that there is too little of it to provide a balance with other social institutions.

An internal stakeholder is a person or group who

Which of the following is not a weakness of pluralism?

Provide a short answer to each of these questions. Be sure to fully explain your answer. -What is the difference between internal and external stakeholders?

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Explain the role that television plays in creating a climate critical of business.

Provide a short answer to each of these questions. Be sure to fully explain your answer. -The authors state, "the of victimizationphilosophy is intimately related to and sometimes inseparable from the rights movement and the entitlement mentality." Explain how these three concepts are related.