Question 1

The countervailing forces model states that society is governed primarily by economic forces.

Accepted Answer

A) True 
 B)False

Question 2

_____ is an ideology which says that workers should revolt against property-owning capitalists who exploit them,replacing economic and political domination with more equal and democratic socialist institutions.

Accepted Answer

A)  Populism 
B)  Marxism 
C)  Laissez-faire 
D)  Global corporatism 
A)  Populism 
B)  Marxism 
C)  Laissez-faire 
D)  Global corporatism

Question 3

_____ is a statement or vision that creates insight by describing patterns or relationships in a diffuse subject matter.

Accepted Answer

A)  idea 
B)  value 
C)  theory 
D)  postulate 
A)  idea 
B)  value 
C)  theory 
D)  postulate

Question 4

What is Marxism?

Accepted Answer

Marxism is an ideology which says that w

Question 5

What is meant by "managerial capitalism"?

Accepted Answer

Managerial capitalism is a mar

Question 6

The dominance model believes that society is undemocratic in its operations.

Accepted Answer

A) True 
 B)False

Question 7

Proponents of the dominance model:

Accepted Answer

A)  focus on the defects and inefficiencies of capitalism. 
B)  believe that corporations are exposed to societal pressures holding them responsible. 
C)  believe that market forces are adequate to ensure ethical management. 
D)  emphasize that businesses and governments are dominated by the masses. 
A)  focus on the defects and inefficiencies of capitalism. 
B)  believe that corporations are exposed to societal pressures holding them responsible. 
C)  believe that market forces are adequate to ensure ethical management. 
D)  emphasize that businesses and governments are dominated by the masses.

Question 8

The public generally believes that a business has social responsibilities beyond merely making a profit.

Accepted Answer

A) True 
 B)False

Question 9

Institutions are formal patterns of relations that link people together to accomplish a goal.

Accepted Answer

A) True 
 B)False

Question 10

In the _____ model,the _____ acts as a buffer between business and non-market forces.

Accepted Answer

A)  stakeholder;market 
B)  countervailing forces;government 
C)  dominance;management 
D)  market capitalism;market 
A)  stakeholder;market 
B)  countervailing forces;government 
C)  dominance;management 
D)  market capitalism;market

Question 11

Who wrote "The Wealth of Nations"?

Accepted Answer

A)  Karl Marx 
B)  Émile Durkheim 
C)  Adam Smith 
D)  Max Weber 
A)  Karl Marx 
B)  Émile Durkheim 
C)  Adam Smith 
D)  Max Weber

Question 12

A concern with the stakeholder theory is that it is not always clear who or what a legitimate stakeholder is.

Accepted Answer

A) True 
 B)False

Question 13

The stakeholder model states that the immediate priority of a corporation is to benefit its investors.

Accepted Answer

A) True 
 B)False

Question 14

What is the countervailing forces model in the BGS relationship?

Accepted Answer

The countervailing forces model depicts

Question 15

Which of the following statements about the laissez-faire concept is true?

Accepted Answer

A)  It stands for the belief that government intervention in the market is desirable. 
B)  It lessens the efficiency with which free enterprise operates to benefit consumers. 
C)  It is necessary because market forces are benevolent. 
D)  It opines that businesses are responsible for correcting social problems. 
A)  It stands for the belief that government intervention in the market is desirable. 
B)  It lessens the efficiency with which free enterprise operates to benefit consumers. 
C)  It is necessary because market forces are benevolent. 
D)  It opines that businesses are responsible for correcting social problems.

Question 16

What conclusions can be drawn from the countervailing forces model in the BGS relationship?
A.Business is deeply integrated into an open society and must respond to many forces,both economic and noneconomic.It is not isolated from any part of society,nor is it always dominant.
B.Business is a major force acting on government,the public,and environmental factors.Business often defeats labor,wins political battles,and shapes public opinion.It consumes natural resources.
C.To maintain broad public support,business must adjust to social,political,and economic forces it can influence but not control.
D.BGS relationships evolve as changes take place in the ideas,institutions,and processes of society.

Accepted Answer

The major conclusions that can be drawn

Question 17

Define the term "stakeholders".

Accepted Answer

A stakeholder is an entity that is benef

Question 18

The dominance model states that corporations act primarily for the good of most of the people in the society.

Accepted Answer

A) True 
 B)False

Question 19

The study of phenomena that move through time is called __.

Accepted Answer

A)  history 
B)  ideology 
C)  time slip 
D)  horology 
A)  history 
B)  ideology 
C)  time slip 
D)  horology

Question 20

In the market capitalism model,the "market" acts as a buffer between business and nonmarket forces.

Accepted Answer

A) True 
 B)False

The countervailing forces model states that society is governed primarily by economic forces.

_____ is an ideology which says that workers should revolt against property-owning capitalists who exploit them,replacing economic and political domination with more equal and democratic socialist institutions.

_____ is a statement or vision that creates insight by describing patterns or relationships in a diffuse subject matter.

What is Marxism?

What is meant by "managerial capitalism"?

The dominance model believes that society is undemocratic in its operations.

Proponents of the dominance model:

The public generally believes that a business has social responsibilities beyond merely making a profit.

Institutions are formal patterns of relations that link people together to accomplish a goal.

In the _ model,the _ acts as a buffer between business and non-market forces.

Who wrote "The Wealth of Nations"?

A concern with the stakeholder theory is that it is not always clear who or what a legitimate stakeholder is.

The stakeholder model states that the immediate priority of a corporation is to benefit its investors.

What is the countervailing forces model in the BGS relationship?

Which of the following statements about the laissez-faire concept is true?

Define the term "stakeholders".

The dominance model states that corporations act primarily for the good of most of the people in the society.

The study of phenomena that move through time is called __.

In the market capitalism model,the "market" acts as a buffer between business and nonmarket forces.

The Dynamic Environment

Business Power

Critics of Business

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters

Exam 1: The Study of Business, Government, and Society

The countervailing forces model states that society is governed primarily by economic forces.

_____ is an ideology which says that workers should revolt against property-owning capitalists who exploit them,replacing economic and political domination with more equal and democratic socialist institutions.

_____ is a statement or vision that creates insight by describing patterns or relationships in a diffuse subject matter.

What is Marxism?

What is meant by "managerial capitalism"?

The dominance model believes that society is undemocratic in its operations.

Proponents of the dominance model:

The public generally believes that a business has social responsibilities beyond merely making a profit.

Institutions are formal patterns of relations that link people together to accomplish a goal.

In the _____ model,the _____ acts as a buffer between business and non-market forces.

Who wrote "The Wealth of Nations"?

A concern with the stakeholder theory is that it is not always clear who or what a legitimate stakeholder is.

The stakeholder model states that the immediate priority of a corporation is to benefit its investors.

What is the countervailing forces model in the BGS relationship?

Which of the following statements about the laissez-faire concept is true?

Define the term "stakeholders".

The dominance model states that corporations act primarily for the good of most of the people in the society.

The study of phenomena that move through time is called __.

In the market capitalism model,the "market" acts as a buffer between business and nonmarket forces.

The Dynamic Environment

Business Power

Critics of Business

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters

In the _ model,the _ acts as a buffer between business and non-market forces.