Test Bank For Business And Society Ethics And Stakeholder Management 1st Canadian Edition by Len Karakowsky

Chapter 1—The Business and Society Relationship

TRUE/FALSE

1. Business includes large corporations as well as partnerships and proprietorships.

ANS:  T

2. Some people feel that a disadvantage of pluralism is that it encourages the extreme pursuit of self-interest by individual institutions.

ANS:  T

3. Affluence and education often grow together in a society, bringing about eventual criticism of business.

ANS:  T

4. Newspapers and magazines serve as a stronger medium for public awareness than television.

ANS:  F

5. Businesses generally feel that news coverage of their activities is negatively biased.

ANS:  T

6. The recent spate of business scandals has had no impact on public perceptions of business ethics.

ANS:  F

7. Social problems in our society have decreased over the past three decades.

ANS:  F

8. People who exhibit an entitlement mentality feel they should work for everything they receive.

ANS:  F

9. Although businesses are sometimes criticized for abusing power, they may use power positively.

ANS:  T

10. The macro level of power is at the level of the individual firm.

ANS:  F