Chapter 01: The Business and Society Relationship 1. Business may be defined as the collection of private, commercially oriented (profit-oriented) organizations, ranging in size from one-family proprietorships to corporate giants. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: 1.1 - Define and explain business and society as foundational concepts. Describe how society is viewed as the macroenvironment. NATIONAL STANDARDS: United States - BUSPROG: Analytic United States - BUSPROG: Reflective Thinking STATE STANDARDS: United States - GA - DISC: Ethical Responsibilities KEYWORDS: Bloom's: Knowledge 2. The definition for society may be thought of as a community, a nation, or a broad grouping with common traditions, values, institutions, and collective activities and interests. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: 1.1 - Define and explain business and society as foundational concepts. Describe how society is viewed as the macroenvironment. NATIONAL STANDARDS: United States - BUSPROG: Analytic United States - BUSPROG: Reflective Thinking STATE STANDARDS: United States - GA - DISC: Environmental Influence KEYWORDS: Bloom's: Comprehension 3. Pluralism is a condition in which there is a concentration of power among very few of society's groups and organizations. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: True / False HAS VARIABLES: False