Test Test

1. Chapter 1? The Business and Society Relationship Question TF #1 Business can do just about anything it wants because we do not live in a socially conscious environment. a. True *b. False 2. Chapter 1? The Business and Society Relationship Question TF #2 The business environment in current times, the first decade of the 21st century, can best be described as turbulent. *a. True b. False 3. Chapter 1? The Business and Society Relationship Question TF #3 When speaking of business in the collective sense, the textbook will most often be focusing on big business. *a. True b. False 4. Chapter 1?

The Business and Society Relationship Question TF #4 Pluralism is a condition in which there is a concentration of power among society’s groups and organizations. a. True *b. False 5. Chapter 1? The Business and Society Relationship Question TF #5 Stakeholders are the owners of shares in a corporation. a. True *b. False 6. Chapter 1? The Business and Society Relationship Question TF #6 Common Cause and the U. S. Chamber of Commerce are examples of general purpose interest groups. *a. True b. False 7. Chapter 1? The Business and Society Relationship Question TF #7 Business interacts with only a limited number of stakeholder groups. . True *b. False 8. Chapter 1? The Business and Society Relationship Question TF #8 Affluence refers to the level of wealth, disposable income, and standard of living of a society. *a. True b. False 9. Chapter 1? The Business and Society Relationship Question TF #9 The authors of the textbook lay the primary responsibility for business’s problems on the media. a. True *b. False 10. Chapter 1? The Business and Society Relationship Question TF #10 The common perception of business power is that there is too little of it to provide a balance with other social institutions. a. True *b. False 11. Chapter 1?

The Business and Society Relationship Question TF #11 Power is only manifest when it is used purposefully. a. True *b. False 12. Chapter 1? The Business and Society Relationship Question TF #12 The social contract is the set of rights and duties imposed on citizens by their government. a. True *b. False 13. Chapter 1? The Business and Society Relationship Question TF #13 The social contract in the modern era is changing rapidly and dramatically. *a. True b. False 14. Chapter 1? The Business and Society Relationship Question TF #14 Ethics refers to issues of right and wrong, fairness, and justice. *a. True

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