The Study of Business, Government, and Society Essay Example
Chapter 01
The Study of Business, Government, and Society
True / False Questions
1. The business-government-society (BGS) field is the study of this environment and its importance for managers.
True False
2. The primary purpose of a business is to make a profit by providing products that satisfy human needs.
True False
3. The structures and processes in a society that make and apply policies and rules are called businesses.
True False
4. An enduring belief about which basic choices in a society are "correct" is called an idea.
True False
5. Institutions are formal patterns of relations that link people together to accomplish a goal.
True False
6. A business uses society's resources to create new wealth.
True False
7. The public generally believes that a business has social responsibilities beyond merely making a profit.
True False
8. The broad duties of a business that are needed to obtain the support of society are called its social contract.
True False
9. In the market capitalism model, the "market" acts as a buffer between business and nonmarket forces.
True False
10. The dominance model represents business primarily based on the economic forces that affect it.
True False
11. The dominance model states that corporations act primarily for the good of most of the people in the society.
True False
12. The dominance model believes that society is undemocratic in its operations.
True False
13. The countervailing forces model states that society is governed primarily by economic forces.
True False
14. The countervailing forces model accepts the absolute primacy of business as in the dominance model.
True False
15. The countervailing forces model is essentially the same as the market capitalism model.
True False
16. The stakeholder model states that the immediate
The Study of Business, Government, and Society
True / False Questions
1. The business-government-society (BGS) field is the study of this environment and its importance for managers.
True False
2. The primary purpose of a business is to make a profit by providing products that satisfy human needs.
True False
3. The structures and processes in a society that make and apply policies and rules are called businesses.
True False
4. An enduring belief about which basic choices in a society are "correct" is called an idea.
True False
5. Institutions are formal patterns of relations that link people together to accomplish a goal.
True False
6. A business uses society's resources to create new wealth.
True False
7. The public generally believes that a business has social responsibilities beyond merely making a profit.
True False
8. The broad duties of a business that are needed to obtain the support of society are called its social contract.
True False
9. In the market capitalism model, the "market" acts as a buffer between business and nonmarket forces.
True False
10. The dominance model represents business primarily based on the economic forces that affect it.
True False
11. The dominance model states that corporations act primarily for the good of most of the people in the society.
True False
12. The dominance model believes that society is undemocratic in its operations.
True False
13. The countervailing forces model states that society is governed primarily by economic forces.
True False
14. The countervailing forces model accepts the absolute primacy of business as in the dominance model.
True False
15. The countervailing forces model is essentially the same as the market capitalism model.
True False
16. The stakeholder model states that the immediate