46. An entitlement mentality is
a. a necessary outgrowth of the welfare
system.
b. an outgrowth of the revolution of rising expectations.
c. the idea that one has to work for what one
gets.
d. the idea that each citizen owes something to
society.
47. The is a result of the growing numbers of individuals and groups who see themselves as having
been
victimized by society.
a. Rights
Movement
b. Entitlement Mentality
c. Revolution of Rising Expectations
d.
Victimization
philosophy
48. The ability to produce an effect or influence a situation is known as
a. authority.
b.
abuse.
c.
power.
d. dictatorship.
49. The levels of power include all of the following
except
a. the macro
level.
b. the micro level.
c. the institutional level.
d. the individual level.
50. The macro level of business power resides
in
a. the Federal
goverrnnent.
b. the overall corporate
system.
c. corporate
CEOs.
d. particular industries.
51. The intermediate level of business power is found in
a. corporate
headquarters.
b. the boards of individual corporations.
c. groups of corporations acting in concert.
d. medium-sized corporations.
52. The business power wielded by an individual finn is known as
a. macro level
power.
b. intermediate level
power.
c. micro level
power.
d. individual level power.
53. CEOs such as Virginia Rometty
ofiBM
or Tim Cook of Apple hold which level of
power?
a. macro
b. micro
c. individual
d. intermediate
54. Which of the following is not a sphere of power indicated in the text?
a.
economic
b. technological
c. political
d. intermediate
55. The set of two-way understandings that characterize the relationships between major social institutions is called
the
a. implied contract.
b. unilateral binding accord.
c. social
contract.
d. procedural justice
agreement.
56. Which oftbe following is not an element
oftbe
social
contract?
a. laws
b. employment contracts
c. regulations
d. shared
understandings
57. Stakeholders include all of the following groups
except
a.
owners.
b. employees.
c. customers.
d. all of these are stakeholder
groups.
58. An internal stakeholder is a person or group
who
a. exist outside the boundaries of the
finn.
b. is located in the same country in which the firm in located.
c. is defmed as an “insider” in laws regulating fmancial
markets.
d. is “inside” the company, such as employees and
owners.
59. The government, consumers, and members of the community are examples
of
a. stockholders.
b. the technological envirornnent.
c. external
stakeholders.
d. primary
stakeholders.
60. “In the long run, those who do not use power in a manner which society considers responsible will tend to lose it” is
the description
of
a. The Iron Law of
Oligarchy.
b.
The Iron Cage of
Rationality.
c. The Iron Law of Responsibility.
d. The Peter
Principle.
61. The examination of business and its relationship to society typically focuses
on
a. big business and highly visible industries.
b. all business and all industries.
c. small business and highly visible industries.
d. none of
these.
62. The most important stakeholders of a business are typically its
a. employees.
b. government.
c. consumers.
d.
owners.
63. When a business affects the life of a member of the surrounding community without meaning to, the company
has
wielded
a. coerc1ve
power.
b. deliberate
power.
c. hidden
power.
d. unintentional power.
64. Sustainability, at a simple level, is about business’s:
a. ability to survive and thrive over the long
term
b. approach to only the natural
environment
c. preservation of the environment in the present
generation
d. ability to meet the needs of the present while compromising future generations
65. The authors of the textbook say that, at a general level, they will be discussing the role of business in society.
What
do they mean by “the role of business in
society?”
66. Why does discussion of the institution of business tend to focus on big
business?
67. Describe the virtues of a pluralistic
society.
68. Explain the role that television plays in creating a climate critical of business.
69. The authors discuss the rights movement as a contributing factor in the climate that is critical of business. What
are
“rights?”
70. The authors state, “the philosophy of victimization is intimately related to and sometimes inseparable from the rights
movement and the entitlement mentality.” Explain how these three concepts are related.
71. Explain what is meant by spheres of
power.
72. Explain the rationale that is the foundation of The Iron Law of Responsibility.
73. Describe what the authors mean by the managerial approach taken in the
textbook.
74. What is the difference between internal and external
stakeholders?
75. The key elements of a pluralistic society are decentralization and diversity of power. Using what you know
about
American society, do you consider it to be a pluralistic society? Why or why
not?
76. If “rights” are the entitlement to certain life chances and freedom from certain limitations that are accorded to
persons simply because they have been born and are alive, what else does the existence of rights
imply?
77. The textbook says that when power gets out of balance, other forces are brought to bear so that balance is
restored.
Name some of the other forces that are used to balance business power. Describe how effective each of
those
other forces is in combating business
power.
78. Choose a particular corporation and describe the power it wields in different
spheres.
79. Using the managerial approach discussed in the textbook, discuss the topic of ecological damage and sustainability as
they relate to
business.