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Exam 1: The Business and Society Relationship.

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Question 21

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The authors of the textbook lay the primary responsibility for business's problems on the media.

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Question 22

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The social contract is the set of rights and duties imposed on citizens by their government.

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Question 23

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The examination of business and its relationship to society typically focuses on

Gross national product, inflation, interest rates, and unemployment rates are included in a firm's

A gap between society's expectations of social conditions and the current social realities is recognized as

Provide a short answer to each of these questions. Be sure to fully explain your answer. -The authors discuss the rights movement as a contributing factor in the climate that is critical of business. What are "rights?"

Which of the following is not an element of the social contract?

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Describe the virtues of a pluralistic society.

Movies depict corporate life as amoral and possibly deadly.

The belief that each succeeding generation should have a higher standard of living than its predecessor and that major institutions should continually improve is known as

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. -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?

Stakeholders are the owners of shares in a corporation.

Spheres of power describe the arenas in which power may be utilized.

The business environment in current times can best be described as turbulent.

An entitlement mentality is

The intermediate level of business power is found in

A purposeful aggregation of people who represent a common cause or share common beliefs is called a(n)

The percentage of the U.S. population that has earned high school diplomas and college degrees has remained about the same over the last thirty years.

The principal internal stakeholders of a corporation are its customers and employees.

The average level of formal education in the United States is