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.
b.
c.
d.
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 government.
b.
the entire 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 firm 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 of IBM 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 reciprocal 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 of the following is not an element of the 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 firm.
b.
is located in the same country in which the firm in located.
c.
is defined as an “insider” in laws regulating financial 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 environment.
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.
coercive 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
Provide a short answer to each of these questions. Be sure to fully explain your answer.
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?”
power that business has relative to other parts of society, such as government or religion.
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 of victimization philosophy 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?
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your
position and use logical arguments and content from this and other chapters in the textbook to support it.
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.