Question 1

The social contract is the set of rights and duties imposed on citizens by their government.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

The principal internal stakeholders of a corporation are its customers and employees.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A)  a social problem. 
B)  distributive justice. 
C)  the revolution of rising expectations. 
D)  inevitable reality.

Question 5

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

Accepted Answer

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

Question 6

Provide a short answer to each of these questions. Be sure to fully explain your answer. -The authors discuss the rights movement as a contributing factor in the climate that is critical of business. What are "rights?"

Accepted Answer

The answer of <b>Provide a short answer to each of...

Question 7

The examination of business and its relationship to society typically focuses on

Accepted Answer

A)  big business and highly visible industries. 
B)  all business and all industries. 
C)  small business and highly visible industries. 
D)  none of these.

Question 8

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

The answer of <b>Provide a short answer to each of...

Question 9

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

Accepted Answer

A)  social environment. 
B)  economic environment. 
C)  political environment. 
D)  technological environment.

Question 10

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.

Question 11

Movies depict corporate life as amoral and possibly deadly.

Accepted Answer

A) True 
 B)False

Question 12

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

The answer of <b>Utilize the knowledge you have gained to...

Question 13

Spheres of power describe the arenas in which power may be utilized.

Accepted Answer

A) True 
 B)False

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.

Question 15

An entitlement mentality is

Accepted Answer

A)  a necessary outgrowth of the welfare system. 
B)  an outgrowth of the revolution of rising expectations. 
C)  the idea that one has to work for what one gets. 
D)  the idea that each citizen owes something to society.

Question 16

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 17

The average level of formal education in the United States is

Accepted Answer

A)  rising. 
B)  dropping. 
C)  staying about the same. 
D)  unknown.

Question 18

Stakeholders are the owners of shares in a corporation.

Accepted Answer

A) True 
 B)False

Question 19

The business environment in current times can best be described as turbulent.

Accepted Answer

A) True 
 B)False

Question 20

The belief that each succeeding generation should have a higher standard of living than its predecessor and that major institutions should continually improve is known as

Accepted Answer

A)  the revolution of rising expectations. 
B)  the iron cage of rationality. 
C)  the iron law of oligarchy. 
D)  the soft bigotry of low expectations.

Exam 1: The Business and Society Relationship.

The social contract is the set of rights and duties imposed on citizens by their government.

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

The principal internal stakeholders of a corporation are its customers and employees.

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

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

Provide a short answer to each of these questions. Be sure to fully explain your answer. -The authors discuss the rights movement as a contributing factor in the climate that is critical of business. What are "rights?"

The examination of business and its relationship to society typically focuses on

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

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

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

Movies depict corporate life as amoral and possibly deadly.

Spheres of power describe the arenas in which power may be utilized.

The intermediate level of business power is found in

An entitlement mentality is

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.

The average level of formal education in the United States is

Stakeholders are the owners of shares in a corporation.

The business environment in current times can best be described as turbulent.

The belief that each succeeding generation should have a higher standard of living than its predecessor and that major institutions should continually improve is known as