Chapter 01: The Business and Society Relationship

Chapter 01: The Business and Society Relationship

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• Business may be defined as the collection of private, commercially oriented (profit-oriented) organizations, ranging in

size from one-family proprietorships to corporate giants.

• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.1 - Define and explain business and society as foundational concepts. Describe how society is viewed as the macroenvironment.NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Ethical Responsibilities KEYWORDS: Bloom's: Knowledge

• The definition for society may be thought of as a community, a nation, or a broad grouping with common traditions,

values, institutions, and collective activities and interests.

• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.1 - Define and explain business and society as foundational concepts. Describe how society is viewed as the macroenvironment.NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Environmental Influence KEYWORDS: Bloom's: Comprehension

• Pluralism is a condition in which there is a concentration of power among very few of society's groups and

organizations.

• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.2 - Explain the characteristics of a pluralistic society. Describe pluralism and identify its attributes, strengths, and weaknesses.NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Environmental Influence (Business & Society Ethics, Sustainability & Stakeholder Management, 11e Archie Carroll, Jill Brown) (Test Bank Latest Edition 2023-24, Grade A+, 100% Verified) 1 / 4

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KEYWORDS: Bloom's: Comprehension

• When speaking of business in its relationship with society in the collective sense, the textbook will most often be

focusing on big business.

• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.3 - Clarify what is a special-interest society and how it poses special challenges for business.NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Environmental Influence KEYWORDS: Bloom's: Knowledge

• Nongovernmental organizations (NGOs) are citizens’ groups that may be organized on a local, national, or international

level.

• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.3 - Clarify what is a special-interest society and how it poses special challenges for business.NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - Southeast - DISC: Environmental Influence KEYWORDS: Bloom's: Knowledge

• Environmentalists are best understood as one of the many subgroups of society.
• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.3 - Clarify what is a special-interest society and how it poses special challenges for business.NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Environmental Influence 2 / 4

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KEYWORDS: Bloom's: Comprehension

• Affluence refers to the level of wealth, disposable income, and standard of living of a society.
• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.4 - Identify, discuss, and illustrate the factors leading up to business criticism and corporate response. What is the general criticism of business? How may the balance of power and responsibility be resolved?NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Environmental Influence KEYWORDS: Bloom's: Knowledge

• Powerful media is the major cause for business's problems.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.4 - Identify, discuss, and illustrate the factors leading up to business criticism and corporate response. What is the general criticism of business? How may the balance of power and responsibility be resolved?NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Ethical Responsibilities KEYWORDS: Bloom's: Knowledge

• The common perception of business power is that there is too little of it to provide a balance with other social

institutions.

• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.4 - Identify, discuss, and illustrate the factors leading up to business criticism and corporate response. What is the general criticism of business? How may the balance of power and responsibility be resolved?NATIONAL STANDARDS: United States - BUSPROG: Analytic 3 / 4

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United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Environmental Influence KEYWORDS: Bloom's: Knowledge

• Power only manifests when it is used purposefully.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.4 - Identify, discuss, and illustrate the factors leading up to business criticism and corporate response. What is the general criticism of business? How may the balance of power and responsibility be resolved?NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Ethical Responsibilities KEYWORDS: Bloom's: Comprehension

• The Iron Law of Responsibility states that people who use power wisely will be rewarded with more power.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.4 - Identify, discuss, and illustrate the factors leading up to business criticism and corporate response. What is the general criticism of business? How may the balance of power and responsibility be resolved?NATIONAL STANDARDS: United States - BUSPROG: Analytic

United States - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - GA - DISC: Ethical Responsibilities KEYWORDS: Bloom's: Comprehension

• The percentage of the U.S. population that has earned high school diplomas and college degrees has remained about

the same over the last 30 years.

• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: 1.4 - Identify, discuss, and illustrate the factors leading up to business criticism and corporate response. What is the general criticism of business? How may the

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