Exam 1: The Business and Society Relationship

Common Cause and the U.S.Chamber of Commerce are examples of general purpose interest groups.

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

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

News shows are the only type of programming on television that has contributed to criticism of business.

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

Explain what is meant by spheres of power.

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

Describe what the authors mean by the managerial approach taken in the textbook.

Spheres of power describe the arenas in which power may be utilized.

Sustainability,at a simple level,is about business's:

Some businesses are socially responsible;other businesses do just about anything they want.

The percentage of the U.S.population that has earned high school diplomas and college degrees has remained about the same over the last thirty years.

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

Technology-based advancements and progress in the applied sciences that help achieve a practical purpose is part of a ftnn's

The is a result of the growing numbers of individuals and groups who see themselves as having been victimized by society.

An internal stakeholder is a person or group who

The most important stakeholders of a business are typically its

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

"In the long run,those who do not use power in a manner which society considers responsible will tend to lose it" is the description of

Explain the role that television plays in creating a climate critical of business.