Test Test

1. Chapter 1—The Business and Society Relationship Question TF #1
Business can do just about anything it wants because we do not live in a socially conscious environment.

a. True
*b. False

2. Chapter 1—The Business and Society Relationship Question TF #2
The business environment in current times, the first decade of the 21st century, can best be described as turbulent.

*a. True
b. False

3. Chapter 1—The Business and Society Relationship Question TF #3
When speaking of business in the collective sense, the textbook will most often be focusing on big business.

*a. True
b. False

4. Chapter 1—The Business and Society Relationship Question TF #4
Pluralism is a condition in which there is a concentration of power among society's groups and organizations.

a. True
*b. False

5. Chapter 1—The Business and Society Relationship Question TF #5
Stakeholders are the owners of shares in a corporation.

a. True
*b. False

6. Chapter 1—The Business and Society Relationship Question TF #6
Common Cause and the U.S. Chamber of Commerce are examples of general purpose interest groups.

*a. True
b. False

7. Chapter 1—The Business and Society Relationship Question TF #7
Business interacts with only a limited number of stakeholder groups.

a. True
*b. False

8. Chapter 1—The Business and Society Relationship Question TF #8
Affluence refers to the level of wealth, disposable income, and standard of living of a society.

*a. True
b. False

9. Chapter 1—The Business and Society Relationship Question TF #9
The authors of the textbook lay the primary responsibility for business's problems on the media.

a. True
*b. False

10. Chapter 1—The Business and Society Relationship Question TF #10
The common perception of business power is that there is too little of it to provide a balance with other social institutions.

a. True
*b. False

11. Chapter 1—The Business and Society Relationship Question TF