Exam 3: Business Power

On which of the following levels does corporate power shape society over time through the aggregate changes of industrial growth?

On the _____ of legal power,big corporations have formidable legal resources that intimidate opponents.

Explain in brief the concept of business power.

When businesses give money to candidates and lobby legislation,they are attempting to use:

How did the introduction of railroads change American politics?B.Anthony took trains to all parts of the country,spreading her rhetoric and unifying the cause.

At this level,the workings of corporate power are unplanned,unpredictable,indirect,and irregular,but they are constant and far more significant.

For the largest companies in each era,economies of scale and _____ in markets led to high profits and prolonged their dominance.

Predictable and strong forces in a pluralistic,free market society limit business power.

What are the two major perspectives on business power?

The ability of a business to influence government is called:

Discuss sociologistC.Wright Mill's views on the theory of the power elite. The modern impetus for the theory of elite dominance comes from the sociologist C.Wright Mills,who wrote a scholarly book in 1956 describing a "power elite" in American society.He saw American society as a pyramid of power and status.At the top was a tiny elite in command of the economic,political,and military domains.Just below was a group of lieutenants who carried out the elite's policies.They included professional managers of corporations,politicians beholden to the elite for their election,and bureaucrats appointed by the politicians.The large base of the pyramid was composed of a mass of powerless citizens,including feeble groups and associations with little policy impact.Mills did not see America as a democracy and thought that the elite simply used government "as an umbrella under whose authority they do their work."

Discuss the concept of power.

Define the concept of elite dominance.C.Wright Mills,who wrote a scholarly book in 1956 describing a "power elite" in American society.

The force to act or to compel another person or entity to act is called:

Discuss the concept of legitimacy.Explain how it is applicable to business power.

The dominance theory holds that business is preeminent in American society,primarily because of its control of wealth,and that its power is both excessive and inadequately checked.

Define a pluralistic society.

On both the surface and deep levels,business power is exercised in spheres corresponding to the seven business environments.Discuss with examples.

Activity in the environmental sphere is the primary force for change.

Democratic values are one of the features of a pluralistic society.