Exam 1: The Business and Society Relationship

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People who exhibit an entitlement mentality feel they should work for everything they receive.

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False

Diversity, built-in checks and balances, and wide decentralization are key concepts in describing

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B

Ms. James has the power to fire Bob, her employee, if she feels that Bob is not performing his job adequately. Ms. James's power is in which of the following spheres?

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D

The representation of business-oriented individuals in movies and television has no impact on public perceptions of the morality of business.

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Which of the following levels of power is manifested by the actions of one firm?

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The attitude or a belief that each succeeding generation ought to have a standard living higher than that of its predecessor and that its expectations of major institutions, such as business, should be greater also is

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Which of the following is not one of the broad types or classes of social issues?

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A student expects his or her professor to be fair in grading, while the professor expects the student to be fair in evaluating the professor on teaching evaluation forms. This is an example of a

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The government, consumers, and community members belong to which stakeholder group:

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Which of the following is not one of the factors that compose the social environment?

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Although businesses are sometimes criticized for abusing power, they may use power positively.

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The revolution of rising expectations, the entitlement mentality, and factors have contributed somewhat to what might be termed as:

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A managerial approach to the business/society relationship confronts the individual manager with such questions as

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The recent spate of corporate scandals, has had what impact on public perception?

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A social problem is defined as a gap between

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Which of the following best reflects the Iron Law of Responsibility?

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Stakeholders of a business include only those people who directly own a share of the business.

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Several domestic car manufacturers lobby to pass legislation that will raise the import taxes on foreign automobiles. This is an example of which of the following levels of power?

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Which of the following is not an example of the use of power?

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Affluence and education often grow together in a society, bringing about eventual criticism of business.

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