Business In Society Exam Ultimate Practice Test

90 Questions | Total Attempts: 54

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Business In Society Exam Ultimate Practice Test - Quiz

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Questions and Answers
  • 1. 
    … is composed of the social, political, and legal arrangements that structure interactions outside of, but in conjunction with, markets and contracts.
    • A. 

      Non-Market Enviroment

    • B. 

      Market Enviroment

  • 2. 
    … includes those interactions between firms, suppliers, and customers that are governed by markets and contracts.
    • A. 

      Market Enviroemnt

    • B. 

      Non-Market Enviroment

  • 3. 
    –Piaget’s stages of reasoning (developmental psychology)
    • A. 

      Concrete operational logical reasoning (begins around age 7)

    • B. 

      Intuitive reasoning (begins after child learns to speak)

    • C. 

      Intuitive reasoning (begins after child learns to speak) Formal operational logical reasoning (begins in adolescence)

    • D. 

      Some of the above

    • E. 

      All of the above

    • F. 

      None of the above

  • 4. 
    –overseeing top management
    • A. 

      Appointment, supervision, and removal of corporate officers/high level managers

    • B. 

      Determination of compensation

    • C. 

      Deciding on business direction

    • D. 

      Having a future game plan

  • 5. 
    –Dimensions of external affairs design
    • A. 

      Breadth

    • B. 

      Depth

    • C. 

      Width

    • D. 

      Area

  • 6. 
    –Attempting to change the organization to fit the environment
    • A. 

      Buffering

    • B. 

      Bridging

    • C. 

      Chaining

    • D. 

      Collecting

  • 7. 
    –Attempting to change the environment to fit the organization
    • A. 

      Collecting

    • B. 

      Chaining

    • C. 

      Bridging

    • D. 

      Buffering

  • 8. 
    _______________Nonmarket strategies are more important the more opportunities are controlled by the government
    • A. 

      Governmant Control

    • B. 

      Market Control

  • 9. 
    _______ is a concerted pattern of actions taken in the market enviroment to create value by improving the economic perofrmace of the firm
    • A. 

      Non-Market Strategy

    • B. 

      Market Strategy

    • C. 

      Business Strategy

    • D. 

      Govt Strategy

  • 10. 
    ______ is a concerted pattern of actions taken in the nonmarket enviroment to create value by improving overall performance.
    • A. 

      Business Strategy

    • B. 

      Govt Strategy

    • C. 

      Market Strategy

    • D. 

      Non-Market Strategy

  • 11. 
    Which policies are incresingly choosen over pulbic plicies
    • A. 

      Private

    • B. 

      Corporate

    • C. 

      Governemntal

    • D. 

      Business

  • 12. 
    When can the free rider problem be overcome Privileged group
    • A. 

      When it would pay one large member of the group to absorb the full cost

    • B. 

      When a group is relatively small, because individual contributions are meaningful and can be monitored

    • C. 

      When selective incentives can be provided

  • 13. 
    When can the free rider problem be overcome Latent group
    • A. 

      When selective incentives can be provided

    • B. 

      When a group is relatively small, because individual contributions are meaningful and can be monitored

    • C. 

      When it would pay one large member of the group to absorb the full cost of the collective good

  • 14. 
    When can the free rider problem be overcome Intermediate group
    • A. 

      When a group is relatively small, because individual contributions are meaningful and can be monitored

    • B. 

      When it would pay one large member of the group to absorb the full cost of the collective good

    • C. 

      When selective incentives can be provided

  • 15. 
    What is the conventional wisdom about pulbic policy
    • A. 

      Benifits are centered, Costs are dispersed

    • B. 

      Benifits are dispered, Costs are centered

  • 16. 
    Tipping point that triggers firms to move toward strategic CSR
    • A. 

      Cultural environment

    • B. 

      Current economic status of company

    • C. 

      Overall ethical state of economy

    • D. 

      Industry and competitor’s actions

    • E. 

      CEO's stance of ethics

    • F. 

      Cultural environment

  • 17. 
    Third face of power controls?
    • A. 

      Control of public consciousness

    • B. 

      Control of the public agenda

  • 18. 
    The modern origins of social responsibility date back to the "organization man" era
    • A. 

      Started with the "organization men" themselves

    • B. 

      Started with the business leaders

    • C. 

      Started with the government

  • 19. 
    The greater its moral intensity, the more likely an issue will…
    • A. 

      Result in ethical behavior

    • B. 

      Result in higher outcomes

    • C. 

      Result in moral intent

    • D. 

      Effect all those related to situation

    • E. 

      Elicit sophisticated moral reasoning

    • F. 

      Make better examples for others

    • G. 

      Be recognized as moral

  • 20. 
    The functions of business and government must
    • A. 

      Kept separate lest they coalesce into a "single power" unopposed and unopposable

    • B. 

      Social responsibility

    • C. 

      The consequence will be a "monolithic society

  • 21. 
    The characteristics of a moral issue itself will effect
    • A. 

      The ethical decision process

    • B. 

      The overall decision process

    • C. 

      The ego decision process

    • D. 

      The reasoning decision process

  • 22. 
    Temporal pragmatism
    • A. 

      Political power of business fluctuates over time

    • B. 

      Business sector made up of many different organizations and groupings

    • C. 

      Each has own set of objectives which they pursue

  • 23. 
    Stages of a crysis
    • A. 

      Ratification

    • B. 

      Identification

    • C. 

      Understanding

    • D. 

      Escalation

    • E. 

      Completion

    • F. 

      Intervention

    • G. 

      Resolution

  • 24. 
    Stages of a crysis
    • A. 

      Ratification

    • B. 

      Identification

    • C. 

      Understanding

    • D. 

      Escalation

    • E. 

      Completion

    • F. 

      Intervention

    • G. 

      Resolution

  • 25. 
    Separation of ownership and control (Berle & Means, 1932)
    • A. 

      Companies no longer operated by owners, but by professional managers

    • B. 

      Managers have discretion if little discipline from product and financial markets (Williamson, 1964)

    • C. 

      Started with the "organization men" themselves

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