bus61_test_1 - Business 61 Test 1 Chapters 1 6 Please...

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Business 61 – Test 1 Chapters 1 – 6 Please submit your answers in the designated drop box. 1. A profit-making activity that provides products that are intended to satisfy human needs is called a(n) a. business. b. NGO c. government d. society 2. The structures and processes in a society that make and apply policies and rules are called: a. ideas b. ideologies c. government d. institutions 3. The network of human relations that consists of ideas, institutions and material is called: a. ideology b. society c. theory d. government 4. An enduring belief about making important and correct life choices is called a(n) a. value b. ideology c. society d. idea 5. A formal pattern of relationships that links people together in order to accomplish a goal is called a(n) a. society b. idea c. institution d. ideology 6. The basic agreement between a business and its society that defines the broad duties of the business that are needed to retain the support of society is called a(n) a. social contract b. ideology c. institution d. idea
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7. Who wrote about “an invisible hand” that worked toward the collective good of society as a whole? a. Karl Marx b. John D. Rockefeller c. Adam Smith d. Steven Jobs 8. A market economy that contains large businesses that are managed by salaried managers is called: a. socialism b. managerial capitalism c. Marxism d. Democracy 9. The Gini Index ranges between: a. zero and one hundred b. zero and minus one c. minus one to plus zero d. minus one to zero 10. Capital that is invested by private companies outside of their home countries is called a. an historical force b. foreign direct investment c. HDI d. foreign indirect investment 11. The form of government that includes popular sovereignty, political liberty, and majority rule is called: a. socialism b. democracy c. communism d. none of these 12. A system of shared knowledge, values, norms, and customs that are acquired by social is called a(n): a. democracy b. socialist society c. culture d. communist society 13. The force to act or to compel another person or entity to act is called: a. power b. legitimacy c. the doctrine of natural rights
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d. pluralism 14. The force behind a company’s actions is called its a. pluralism b. economic power c. business power d. social contract
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This note was uploaded on 02/26/2011 for the course BUSINESS Bus061 taught by Professor Hidi during the Spring '11 term at West Valley.

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bus61_test_1 - Business 61 Test 1 Chapters 1 6 Please...

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