Business In Society Exam Ultimate Practice Test

90 Questions | By Ad8750 | Updated: Mar 16, 2022 | Attempts: 76

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Business In Society Exam Ultimate Practice Test - Quiz

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