CH1quiz - correct: d 3 Business power is: a. centered only...

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CH1 The Business and Society Relationship (Quiz) 1 A social problem is: a. a gap between society's expectations of social conditions and current social realities. b. a gap between society's expectations of social conditions and those of the federal government. c. a gap between society's expectations of social conditions and technological reality. d. a gap between society's expectations of social conditions and environmental conditions. correct: a 2 The philosophy of entitlement is the belief that: a. children in need must receive social benefits. b. ecological problems are more important than economic problems. c. company owners are entitled to preference over other stakeholders. d. a person is owed something simply because he or she is a member of society.
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Unformatted text preview: correct: d 3 Business power is: a. centered only at the individual firm level. b. most effectively used by groups of firms. c. the ability to influence or produce an effect in a given situation. d. the assurance that the firm's preferences will prevail in the marketplace. correct: c 4 Decentralization, a system of checks and balances, and diversity are characteristics of: a. the revolution of rising expectations. b. a social contract. c. business power. d. pluralism. correct: d 5 The purchasing manager at Noxious Nellie's has the authority to buy computer equipment that costs less than $5,000 without any other approval. Which sphere of power does this represent? a. Economic b. Technological c. Individual d. Environmental correct: c...
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This note was uploaded on 04/08/2010 for the course BUSINESS BUSS301 taught by Professor Wendy during the Spring '08 term at École Normale Supérieure.

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