Question 1

The social contract in the modern era is changing rapidly and dramatically.

Accepted Answer

A) True 
 B)False

Question 2

The macro level of business power resides in

Accepted Answer

A) the Federal government. 
B) the overall corporate system. 
C) corporate CEOs. 
D) particular industries. 
A) the Federal government. 
B) the overall corporate system. 
C) corporate CEOs. 
D) particular industries.

Question 3

Provide a short answer to each of these questions.Be sure to fully explain your answer.
Describe the virtues of a pluralistic society.

Accepted Answer

lists five virtues of a pluralistic soci

Question 4

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

Accepted Answer

A) special interest group. 
B) general interest group. 
C) interest group. 
D) clique. 
A) special interest group. 
B) general interest group. 
C) interest group. 
D) clique.

Question 5

An internal stakeholder is a person or group who

Accepted Answer

A) exist outside the boundaries of the firm. 
B) is located in the same country in which the firm in located. 
C) is defined as an "insider" in laws regulating financial markets. 
D) is "inside" the company,such as employees and owners. 
A) exist outside the boundaries of the firm. 
B) is located in the same country in which the firm in located. 
C) is defined as an "insider" in laws regulating financial markets. 
D) is "inside" the company,such as employees and owners.

Question 6

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

Accepted Answer

A) downsizing pension programs 
B) toxic waste disposal 
C) insider trading 
D) death penalties 
A) downsizing pension programs 
B) toxic waste disposal 
C) insider trading 
D) death penalties

Question 7

Provide a short answer to each of these questions.Be sure to fully explain your answer.
Describe what the authors mean by the managerial approach taken in the textbook.

Accepted Answer

Business managers are judged almost excl

Question 8

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

Accepted Answer

The rights movement generally seeks to i

Question 9

The government,consumers,and members of the community are examples of

Accepted Answer

A) stockholders. 
B) the technological environment. 
C) external stakeholders. 
D) primary stakeholders. 
A) stockholders. 
B) the technological environment. 
C) external stakeholders. 
D) primary stakeholders.

Question 10

Strengths of pluralism include all of the following except

Accepted Answer

A) pursuit of self-interest. 
B) prevention of concentrations of power. 
C) a built-in set of checks and balances. 
D) maximization of freedom of expression. 
A) pursuit of self-interest. 
B) prevention of concentrations of power. 
C) a built-in set of checks and balances. 
D) maximization of freedom of expression.

Question 11

"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

Accepted Answer

A) The Iron Law of Oligarchy. 
B) The Iron Cage of Rationality. 
C) The Iron Law of Responsibility. 
D) The Peter Principle. 
A) The Iron Law of Oligarchy. 
B) The Iron Cage of Rationality. 
C) The Iron Law of Responsibility. 
D) The Peter Principle.

Question 12

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.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) intense advertising 
B) creation of pollution 
C) geographic location 
D) products that affect health 
A) intense advertising 
B) creation of pollution 
C) geographic location 
D) products that affect health

Question 14

The intermediate level of business power is found in

Accepted Answer

A) corporate headquarters. 
B) the boards of individual corporations. 
C) groups of corporations acting in concert. 
D) medium-sized corporations. 
A) corporate headquarters. 
B) the boards of individual corporations. 
C) groups of corporations acting in concert. 
D) medium-sized corporations.

Question 15

Which of the following is not an element of the social contract?

Accepted Answer

A) laws 
B) employment contracts 
C) regulations 
D) shared understandings 
A) laws 
B) employment contracts 
C) regulations 
D) shared understandings

Question 16

Utilize the knowledge you have gained to respond to the following essay questions.Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
The textbook says that when power gets out of balance,other forces are brought to bear so that balance is restored.Name some of the other forces that are used to balance business power.Describe how effective each of those other forces is in combating business power.

Accepted Answer

John Kenneth Galbraith,one of the most i

Question 17

Television raises our level of awareness about business in all of the following ways except

Accepted Answer

A) news programs. 
B) prime-time programs. 
C) pay-per-view programs. 
D) commercials. 
A) news programs. 
B) prime-time programs. 
C) pay-per-view programs. 
D) commercials.

Question 18

When speaking of business in the collective sense,the textbook will most often be focusing on big business.

Accepted Answer

A) True 
 B)False

Question 19

Utilize the knowledge you have gained to respond to the following essay questions.Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
The key elements of a pluralistic society are decentralization and diversity of power.Using what you know about American society,do you consider it to be a pluralistic society? Why or why not?

Accepted Answer

Whether students say American society is

Question 20

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

Accepted Answer

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

The social contract in the modern era is changing rapidly and dramatically.

The macro level of business power resides in

Provide a short answer to each of these questions.Be sure to fully explain your answer. Describe the virtues of a pluralistic society.

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

An internal stakeholder is a person or group who

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

Provide a short answer to each of these questions.Be sure to fully explain your answer. Describe what the authors mean by the managerial approach taken in the textbook.

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

The government,consumers,and members of the community are examples of

Strengths of pluralism include all of the following except

"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

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.

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

The intermediate level of business power is found in

Which of the following is not an element of the social contract?

Television raises our level of awareness about business in all of the following ways except

When speaking of business in the collective sense,the textbook will most often be focusing on big business.

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

Corporate Citizenship: Social Responsibility, Responsiveness, and Performance

The Stakeholder Approach to Business, Society, and Ethics

Corporate Governance: Foundational Issues

Strategic Management and Corporate Public Affairs

Issues Management and Crisis Management

Business Ethics Fundamentals

Personal and Organizational Ethics

Business Ethics and Technology

Ethical Issues in the Global Arena

Business,Government,and Regulation

Business Influence on Government and Public Policy

Consumer Stakeholders: Information Issues and Responses

Consumer Stakeholders: Product and Service Issues

The Natural Environment As Stakeholder

Business and Community Stakeholders

Employee Stakeholders and Workplace Issues

Employee Stakeholders: Privacy, safety, and Health

Employment Discrimination and Affirmative Action

Filters

Exam 1: The Business and Society Relationship

The social contract in the modern era is changing rapidly and dramatically.

The macro level of business power resides in

Provide a short answer to each of these questions.Be sure to fully explain your answer. Describe the virtues of a pluralistic society.

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

An internal stakeholder is a person or group who

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

Provide a short answer to each of these questions.Be sure to fully explain your answer. Describe what the authors mean by the managerial approach taken in the textbook.

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

The government,consumers,and members of the community are examples of

Strengths of pluralism include all of the following except

"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

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.

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

The intermediate level of business power is found in

Which of the following is not an element of the social contract?

Television raises our level of awareness about business in all of the following ways except

When speaking of business in the collective sense,the textbook will most often be focusing on big business.

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

Corporate Citizenship: Social Responsibility, Responsiveness, and Performance

The Stakeholder Approach to Business, Society, and Ethics

Corporate Governance: Foundational Issues

Strategic Management and Corporate Public Affairs

Issues Management and Crisis Management

Business Ethics Fundamentals

Personal and Organizational Ethics

Business Ethics and Technology

Ethical Issues in the Global Arena

Business,Government,and Regulation

Business Influence on Government and Public Policy

Consumer Stakeholders: Information Issues and Responses

Consumer Stakeholders: Product and Service Issues

The Natural Environment As Stakeholder

Business and Community Stakeholders

Employee Stakeholders and Workplace Issues

Employee Stakeholders: Privacy, safety, and Health

Employment Discrimination and Affirmative Action

Filters