Test Bank For Business Government And Society A Managerial Perspective 13th Edition by Steiner

Test Bank For Business Government And Society A Managerial Perspective 13th Edition by Steiner

Test Bank For Business Government And Society A Managerial Perspective 13th Edition by Steiner

Business Government And Society A Managerial Perspective 13th Edition by Steiner Test Bank

Business Government And Society A Managerial Perspective 13th Edition by Steiner

Business Government And Society A Managerial Perspective 13th Edition

Business Government And Society A Managerial Perspective

ch01
Student: ___________________________________________________________________________
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