Exam 1: The Business and Society Relationship

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

What is the difference between internal and external stakeholders?

A purposeful aggregation of people who represent a common cause or share common beliefs is called a(n)

Power is only manifest when it is used purposefully.

The collection of private,commercially oriented organizations,ranging in size from sole proprietorships to large corporations is referred to as

Decentralization and diversity of power concentrations leads to

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

Gross national product,inflation,interest rates,and unemployment rates are included in a finn's

The intermediate level of business power is found in

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

Which of the following is not a sphere of power indicated in the text?

The business power wielded by an individual finn is known as

An entitlement mentality is

The average level of formal education in the United States is

The macro level of business power resides in

When a business affects the life of a member of the surrounding community without meaning to,the company has wielded

The authors of the textbook lay the primary responsibility for business's problems on the media.

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

A gap between society's expectations of social conditions and the current social realities is recognized as

The ability to produce an effect or influence a situation is known as