Chapter 13: Political and Economic Institutions (Sociology)

Question 1

Responsibility for handling conflicts lies with the institution where power is gotten and used

Accepted Answer

Political Institution

Question 2

firms based in highly industrialized societies with operating facilities throughout the world

Accepted Answer

multinationals

Question 3

A group organized to influence political decision making

Accepted Answer

Interest Group

Question 4

combinations of companies working together to control a market

Accepted Answer

oligopolies

Question 5

The use of physical force or threats to exert control

Accepted Answer

Coercion

Question 6

networks of unrelated businesses operating under a single corporate umbrella

Accepted Answer

conglomerates

Question 7

economic system founded on the belief that mean of production should be controlled people

Accepted Answer

socialism

Question 8

Companies that control a particular market

Accepted Answer

Monopolies

Question 9

an organization owned by shareholders

Accepted Answer

corporation

Question 10

Elected officials are responsible for fulfilling the wishes of the majority of citizens

Accepted Answer

Representative Democracy

Question 11

political clout by large corporations is multiplied through this

Accepted Answer

interlocking directorates

Question 12

Set of functions that concern the production and distribution of goods and services for society

Accepted Answer

Economic Institution

Questions 12