Exam 3: Business Power

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The ability of businesses to influence the values and habits of people in a society is called:

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According to Karl Marx:

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The ability of businesses to influence the laws of the society in which they operate is called:

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The impact of a company on nature is called its:

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Which theory holds that business power is exercised in a society in which other institutions such as markets,government,labor unions,advocacy groups,and public opinion also have great power?

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The grounds of legitimacy of business power are the same in all societies.

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Which theory of business power is the basis of the countervailing forces model of the business-government-society relationship?

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Which of the following is true about power?

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Within a pluralistic society,the authoritative entity has an overriding power over all other entities.

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What are merger waves? What was the main impetus for the 1895-1904 wave?

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According to the dominance theory,business abuses the power its size and wealth confer in a number of ways.

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All of the following are norms of social values EXCEPT:

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There are five major boundaries on managerial power: government and laws,social interest groups,social values,markets and economic stakeholders,and demographics of the society in which the managerial power wants to operate.

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The idea that business is preeminent in American society,primarily because of its control of wealth,and that its power is both excessive and inadequately checked is based on the _____ theory of business power.

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_____ exists on a wide spectrum ranging from coercion at one extreme to weak influence at the other.

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One of the arguments that supports this theory is that there is a small group of individuals that exist,by virtue of wealth and position,control the nation and act in undemocratic ways.

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