QUESTIONS FOR REVIEW AND CRITICAL THINKING/ANSWERS
1. What are some theories offered to explain aspects of your field of business?
Students’ responses will vary depending on their major. Some management theories include
2. Reflect on your own social network. How are the nodes in your social network linked? What
social capital do you gain from your social network?
Students’ responses will vary, but they will likely discuss their family, friends, religious, and
3. How do propositions and hypotheses differ?
Propositions are statements concerned with the relationships among concepts. They explain the
4. How do concepts differ from variables?
A concept (or construct) is a generalized idea about a class of objects, attributes, occurrences, or
5. What does the statement “There is nothing so practical as a good theory” mean? Do you
agree with this statement?
Theories allow us to generalize beyond individual facts or isolated situations and provide a
6. The seventeenth-century Dutch philosopher Benedict Spinoza said, “If the facts conflict with
a theory, either the theory must be changed or the facts.” What is the practical meaning of
this statement?
The two purposes of theory are understanding and predicting. Thus a theory enables us to predict
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