Exam 1: The Business and Society Relationship

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Provide a short answer to each of these questions.Be sure to fully explain your answer. Explain the role that television plays in creating a climate critical of business.

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Television is,by far,the most pervasive medium through which information is conveyed in our society.Thus,the content of television programming outweighs information provided by all other media.Specifically,television has spotlighted business failings on news programs,it depicts business and executives in a predominantly negative light on prime-time programs,and commercials (purchased by business)tend to exaggerate the benefits of the featured products and services.

Which of the following is not a weakness of pluralism?

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A

Technology-based advancements and progress in the applied sciences that help achieve a practical purpose is part of a firm's

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D

The concept of sustainability is derived from the notion of management development.

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

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Ethics refers to issues of right and wrong,fairness,and justice.

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The processes by which laws are enacted and government officials are elected are part of the

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

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A child's assumption that he or she will have a higher standard of living than the previous generation is called the revolution of rising expectations.

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Movies are a significant source of business criticism because

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CEOs such as Bill Gates of Microsoft or Carly Fiorina at Hewlett-Packard hold which level of power?

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When a business affects the life of a member of the surrounding community without meaning to,the company has wielded

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Business interacts with only a limited number of stakeholder groups.

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The most important stakeholders of a business are typically its

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Power is only manifest when it is used purposefully.

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An entitlement mentality is

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The set of two-way understandings that characterize the relationships between major social institutions is called the

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

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Which of the following is not a factor in the social environment that has lead to the current climate of criticism of business?

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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

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