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Environment of Business - Exam 1 Flashcards | StudBud
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Environment of Business - Exam 1
Environment of Business - Exam 1
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1
___________ are enduring beliefs about which fundamental choices in personal and social life are correct
norms
culture
standards
values
2
_____________ consist of four groups: managers, owners or shareholders, employees, and boards of directors.
economic environment
cultural environment
global environment
internal environment
3
Profit-making activity that provides products and services to satisfy human needs
government
institution
value
business
4
_______ intangible objects of thought, include values and ideologies.
values
norms
ideas
none of the above
5
________ represents primarily the perspective of business critics.
dominance model
pluralist theory
stakeholder model
countervailing market model
6
The number of children a woman must have on average to ensure that one daughter survives to reproductive age is called
control fertility rate
none of the above
replacement fertility rate
total fertility rate
7
The social contract, while unequivocal, is plain, not fixed concise or concrete.
True
False
8
Entertainment entries are no longer covered in our expense policy is an example of
passive
active
9
Using the direct style is best for reducing resentment and keeping employees open to receiving bad news constructively.
True
False
10
___________ formal patterns of relations that link people to accomplish a goal.
companies
institutions
business
behavioral contracts