Chapter 1

Question 1

Pluralism is a condition in which there is a concentration of power among society’s groups and organizations.

Answer 1

FALSE

Question 2

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

Answer 2

FALSE

Question 3

Ethics refers to issues of right and wrong, fairness, and justice.

Answer 3

TRUE

Question 4

Strengths of pluralism include all of the following except

Answer 4

includes:
* maximization of freedom of expression
* a built-in set of checks and balances
* prevention of concentration of power
IT IS NOT:
pursuit of self-interest

Question 5

tech based advancements and progress in the applied sciences that help achieve a practical purpose is part of a firm’s

Answer 5

tech environment

Question 6

which of the following is not a factor in the **social environment **that had led to the current climate of critcism of business?

Answer 6

Factors:
* affluence and edu
* the revolution of rising expectations
* an entitlement mentality
all of these are factors leading to criticism of business

Question 7

the ability to produce an effect or influence a situation is known as

Answer 7

power

Question 8

stakeholders include all of the following groups except

Answer 8

all of these:
* employees
* customers
* owners

Question 9

the most important stakeholders of a business are typically its

Answer 9

consumers

Question 10

sustainab**ility, at a simple level, is about business’s

Answer 10

ability to survive and thrive over the long term