Question 1

The government, consumers, and community members belong to which stakeholder group:

Accepted Answer

The government, consumers, and community members are external stakeholders as they are not directly involved in managing the organization but have an impact on its operations and are affected by its decisions. Internal stakeholders include employees, shareholders, and managers. The term "manager" is not a stakeholder group but rather a role within an organization.

Question 2

The recent spate of corporate scandals, has had what impact on public perception?

Accepted Answer

The wording "recent spate of corporate scandals" implies that there have been multiple scandals in a short period of time, which would likely lead to a worsening public perception of business ethics. Choices A and B are unlikely because if there were no change in perception or if the press were to blame for over-reporting, we would not expect to see a recent spate of scandals. Choice C is also unlikely because it suggests that organizations that weren't caught are behaving ethically, which we cannot necessarily assume.

Question 3

Internal stakeholder refers to

Accepted Answer

Internal stakeholders are those individuals or groups within an organization that have a direct interest in the success or failure of that organization. This includes employees, managers, shareholders, and board members. While government, consumers, and community members may have an indirect interest in the organization, they are considered external stakeholders.

Question 4

Which of the following is not one of the factors that compose the social environment?

Accepted Answer

All of the options listed (demographics, lifestyles, and social values of the society) are factors that compose the social environment. Therefore, D is not a valid answer as it includes all the options.

Question 5

The attitude or a belief that each succeeding generation ought to have a standard living higher than that of its predecessor and that its expectations of major institutions, such as business, should be greater also is

Accepted Answer

The concept of revolution of rising expectations refers to the belief that each generation should have higher living standards and greater expectations of major institutions than their predecessors. This idea has been linked to social and political changes as people become more aware of what they could achieve and demand more from their leaders and institutions. This attitude has had significant implications for businesses as well, as they are expected to act more responsibly and contribute to the broader social and environmental goals of society. Therefore, option C is the correct answer.

Question 6

Which of the following is not one of the broad types or classes of social issues?

Accepted Answer

Both A and B describe types of issues that organizations might face, but they do not encompass the broad classes of social issues, which are typically categorized by their societal impact and nature, such as inequality, environmental issues, health concerns, etc.

Question 7

The managerial approach consists of

Accepted Answer

The managerial approach consists of clarifying the nature of the social or ethical issues that affect organizations and suggesting alternative managerial responses to these issues in a rational and ethical fashion. Therefore, both options B and C are correct. Option A is not a characteristic of the managerial approach.

Question 8

The revolution of rising expectations, the entitlement mentality, and factors have contributed somewhat to what might be termed as:

Accepted Answer

The revolution of rising expectations and entitlement mentality have contributed to a push for recognition of rights, leading to various rights movements such as civil rights and LGBTQ rights movements.

Question 9

Which of the following is not an element if the social contract?

Accepted Answer

The answer of Which of the following is not an...

Question 10

The level of wealth, disposable income, and standard of living of the of the society is

Accepted Answer

Affluence refers to the level of wealth and disposable income within a society, which can affect the standard of living and expectations for material goods and services. Education and television are not directly related to these factors.

Quiz 1: The Business and Society Relationship