Exam 11: Does Business Have Too Much Power

In the 'German model' of business, employers and employees are conceived as 'social partners'.

In 2010 a Groceries Supplies Code of Practice (GSCOP) was introduced in the UK to protect suppliers in the groceries market, such as farmers.

What activity can be defined as 'personal allocation of funds, including consumption and investment, where choice has been informed by a particular issue-be it human rights, social justice, the environment, or animal welfare'?

Which of the following are included in the four-dimensional concept of power used by Forbes magazine? Please select all that apply.

In the 1950s the president of General Motors famously claimed that 'what was good for the country was good for General Motors and vice versa'.

Complete this sentence: 'In a democracy political power, and sovereignty, is supposed to be in the hands of…'

During the 1980s and 1990s private sector employers in the UK generally faced a trade union movement with growing membership and power.

Complete this sentence: 'Because the market is based on …… it places power in the hands of businesses, which are able to make decisions about the use of resources'.

Lindblom argues that business enjoys a 'privileged position' in policymaking. Which of the following points are used in his argument? Please select all that apply.

David Cameron, as leader of the UK Conservative Party in 2010, argued that although lobbying can be 'perfectly reasonable' when it is 'open and transparent', it constitutes the next big scandal waiting to happen. He identified a number of problems, including: Please select all that apply.

Which of the following phenomena have been associated with globalization of business? Please select all that apply.

What concept does Kay use to describe acceptance by the public of the exercise of economic power by business?

According to Forbes magazine who was the most powerful person in the world in 2016?

The supermarket sector in the UK is dominated by just four very large companies, including: Please select all that apply.

Which of the following may be regarded as stakeholders in business? Please select all that apply.

Most trade union members are employed in the private sector of the UK economy, and men and low-paid workers are more likely to be members of trade unions than women or professionals

In the market system decisions are made in conditions of uncertainty in which competition determines which experiments are successful or unsuccessful. This process is described by Kay as:

Luger likens corporate power to a form of 'private government'.

What percentage of employees in the UK in 2016 were members of a trade union?

Which magazine produces a list of the world's most powerful people-those 'who truly run the world'?