business and society
Chapter 1
MULTIPLE CHOICE
1. Which of the following is not listed as a general issue involving social or ethical ramifications within the relationship between business and society?
a. downsizing pension programs
b. toxic waste disposal
c. insider trading
d. death penalties
ANS: D PTS: 1 REF: 4
NAT: AACSB Ethics | Ethical Responsibilities
2. The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as
a. the third sector.
b. government.
c. business.
d. the free market economy.
ANS: C PTS: 1 REF: 5
NAT: AACSB Analytic | Environmental Influence
3. Which of the following characteristics of an industry does not add to the creation of visible and controversial social problems?
a. intense advertising
b. creation of pollution
c. geographic location
d. products that affect health
ANS: C PTS: 1 REF: 6
NAT: AACSB Analytic | Environmental Influence
4. A community, nation, or broad grouping of people having common traditions, values, institutions, and collective activities and interests is a
a. society.
b. culture.
c. population.
d. network.
ANS: A PTS: 1 REF: 6
NAT: AACSB Analytic | Environmental Influence
5. A purposeful aggregation of people who represent a common cause or share common beliefs is called a(n)
a. special interest group.
b. general interest group.
c. interest group.
d. clique.
ANS: C PTS: 1 REF: 6
NAT: AACSB Analytic | Environmental Influence
6. Segments of business's macroenvironment include all of the following except
a. the social environment.
b. the natural environment.
c. the economic environment.
d. the political environment.
ANS: B PTS: 1 REF: 7
NAT: AACSB Analytic | Environmental Influence
7. The demographics, lifestyles, and social values of a society determine the firm's
a. social environment.
b. economic environment.
c. political environment.
d. technological
MULTIPLE CHOICE
1. Which of the following is not listed as a general issue involving social or ethical ramifications within the relationship between business and society?
a. downsizing pension programs
b. toxic waste disposal
c. insider trading
d. death penalties
ANS: D PTS: 1 REF: 4
NAT: AACSB Ethics | Ethical Responsibilities
2. The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as
a. the third sector.
b. government.
c. business.
d. the free market economy.
ANS: C PTS: 1 REF: 5
NAT: AACSB Analytic | Environmental Influence
3. Which of the following characteristics of an industry does not add to the creation of visible and controversial social problems?
a. intense advertising
b. creation of pollution
c. geographic location
d. products that affect health
ANS: C PTS: 1 REF: 6
NAT: AACSB Analytic | Environmental Influence
4. A community, nation, or broad grouping of people having common traditions, values, institutions, and collective activities and interests is a
a. society.
b. culture.
c. population.
d. network.
ANS: A PTS: 1 REF: 6
NAT: AACSB Analytic | Environmental Influence
5. A purposeful aggregation of people who represent a common cause or share common beliefs is called a(n)
a. special interest group.
b. general interest group.
c. interest group.
d. clique.
ANS: C PTS: 1 REF: 6
NAT: AACSB Analytic | Environmental Influence
6. Segments of business's macroenvironment include all of the following except
a. the social environment.
b. the natural environment.
c. the economic environment.
d. the political environment.
ANS: B PTS: 1 REF: 7
NAT: AACSB Analytic | Environmental Influence
7. The demographics, lifestyles, and social values of a society determine the firm's
a. social environment.
b. economic environment.
c. political environment.
d. technological