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Study sets matching "perspectives of business and society"

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Study sets matching "perspectives of business and society"

8 terms
Words about perspectives society
discrimination
stereotype
equal
bias
treating someone different because of race, sex, age or other…
something that we think is true about a group of people
the same
not giving the same chance to one idea as another idea
discrimination
treating someone different because of race, sex, age or other…
stereotype
something that we think is true about a group of people
36 terms
Business Perspectives
General Business Theory
Management Theory
Ownership theory of the firm
The purpose of the Firm
Organisms can only be understood in relationship to their sur…
businesses firms are embedded in a large interactive enviornm…
the firm is the property of its owners (stockholders)
Maximize its long term market value
General Business Theory
Organisms can only be understood in relationship to their sur…
Management Theory
businesses firms are embedded in a large interactive enviornm…
10 terms
Business and society
kannattava
toimitusjohtaja
kulutus
yrityksen hallitus
profitable
CEO (chief executive officer)
consumption
board of directors
kannattava
profitable
toimitusjohtaja
CEO (chief executive officer)
150 terms
business and society
Business
Society
Macroenvironment
Social
Collection of private, commercially oriented organizations ra…
A community, a nation, or a broad group of people with common…
The total environment outside the firm, the comprehensive soc…
Demographics, lifestyles, culture and social values of the so…
Business
Collection of private, commercially oriented organizations ra…
Society
A community, a nation, or a broad group of people with common…
48 terms
SOCIAL Culture, Society and Perspectives
Two Components of Culture
Material Culture
Non-material Culture
Norms
Material and Non-material
This component of culture consists of human technology - all…
This component of culture consists of the totality of knowled…
They are the rules of behavior that are agreed upon and share…
Two Components of Culture
Material and Non-material
Material Culture
This component of culture consists of human technology - all…
23 terms
Drugs, Alcohol, and Society Perspectives
Drug
Drug misuse
Drug abuse
Addiction
Any substance that alters one's ability to function emotional…
The unintentional or inappropriate use of prescribed or over-…
The intentional and inappropriate use of a drug (legal or ill…
Generally refers to physical need.
Drug
Any substance that alters one's ability to function emotional…
Drug misuse
The unintentional or inappropriate use of prescribed or over-…
42 terms
Business&Society
GDP (Gross Domestic Product)
Non Profit Sector/NGOs/c3s
Public Sector/Government
Private Sector/Business
The total value of good and services produced in the US in a…
The sector of the economy comprised of organisation which hav…
The sector of the economy comprised of government organisatio…
The sector of economy comprised of businesses which buy and s…
GDP (Gross Domestic Product)
The total value of good and services produced in the US in a…
Non Profit Sector/NGOs/c3s
The sector of the economy comprised of organisation which hav…
10 terms
Business in a Global Society
Imports ... •
Exports
Balance of trade
Multinational corporation
goods & service one country buys from another country
goods & services one country sells to another country
the difference in value between how much a country imports &…
a company that does business and has facilities in many count…
Imports ... •
goods & service one country buys from another country
Exports
goods & services one country sells to another country
47 terms
Business and Society Quiz 1
business ethics
why bother teaching ethics?
Process of Ethical Decision-Making
Great Recession Direct Causes
the principles, norms and standards of conduct governing an i…
-bad apples are encouraged by bad barrels... - good character is…
ethical awareness --> ethical judgement --> ethical behavior
-shadow financial market... -subprime mortgages... -regulatory clim…
business ethics
the principles, norms and standards of conduct governing an i…
why bother teaching ethics?
-bad apples are encouraged by bad barrels... - good character is…
25 terms
Business and Society
Affluence
Business
Business ethics
Business power
Refers to the level of wealth, disposable income, and standar…
The collection of private, commercially oriented organizatio…
Focuses on ethical issues that arise in the commercial realm.
The ability or capacity to produce an effect or to bring infl…
Affluence
Refers to the level of wealth, disposable income, and standar…
Business
The collection of private, commercially oriented organizatio…
11 terms
Business and society
statutory law
common law
administrative law
criminal law
written laws established by federal, state, county, or city g…
unwritten laws that are established by judicial decisions; su…
regulations established by administrative agencies
a dispute between the government and an individual over wheth…
statutory law
written laws established by federal, state, county, or city g…
common law
unwritten laws that are established by judicial decisions; su…
44 terms
Business and Society
Cognitive Dimension of public problem
Moral Dimension of public problem
Shell Gas Station
Corporation
just the facts; causual responsibility
source of pain; political responsibility
one of the biggest payouts in environmental history
a bundle of tension
Cognitive Dimension of public problem
just the facts; causual responsibility
Moral Dimension of public problem
source of pain; political responsibility
39 terms
Business and society
Ethical dilemma
Consequentialist
Utilitarianism
Deontological theory
A situation where your values conflict
The best choice nets the greatest benefit to society
The best known consequentialist theory
Based on honesty, justice, rights, promise-keeping. Focus on…
Ethical dilemma
A situation where your values conflict
Consequentialist
The best choice nets the greatest benefit to society
35 terms
Business And Society
Causally responsible
Politically resposnsible
Corporation
The compliance model
Just the facts, cognitive
Source of pain, moral
Adam smith: separation between owner and management,... 1970's m…
External pressure (NGO's)->global brands->code of conduct-> m…
Causally responsible
Just the facts, cognitive
Politically resposnsible
Source of pain, moral
16 terms
Business and Society
an entrepreneur
operations
profitability
sustainable development
yrittäjä
toimet
kannattavuus
kestävä kehitys
an entrepreneur
yrittäjä
operations
toimet
42 terms
Business and Society
affluence and education, awareness thr…
Levels of power, spheres of Power, Bal…
GDP, Inflation, interest rates, unempl…
Political/ Legal System
What are the social factors of society relevant to Business?
What are the three criticisms of business?
What are some of the aspects of the economic environment?
Focuses on the processes by which laws get passed and officia…
affluence and education, awareness thr…
What are the social factors of society relevant to Business?
Levels of power, spheres of Power, Bal…
What are the three criticisms of business?
90 terms
Business and Society
Absolute
acts and ommission
act-utilitarinism
anarchism
no matter what you will get justice (its absolute, doesnt cha…
supposed moral difference between what you do and what you al…
has the goal of identifying the consequences of a particular…
absence of government
Absolute
no matter what you will get justice (its absolute, doesnt cha…
acts and ommission
supposed moral difference between what you do and what you al…
88 terms
Business and Society
Absolute
Acts and omissions
Act utilitarianism
Anarchism
Synonym for the "categorical" in "categorical imperative"
Belief that there is a difference between making the result o…
has the goal of identifying the consequences of a particular…
Absence of Government or Authority
Absolute
Synonym for the "categorical" in "categorical imperative"
Acts and omissions
Belief that there is a difference between making the result o…
231 terms
Business and Society
an ability
to accept
an account
to achieve
kyky, taito
hyväksyä
tili
saavuttaa
an ability
kyky, taito
to accept
hyväksyä
Business & Society
The fundamental economic question?... th…
Tradition ... Command... Free Market
answer this fundamental question is re…
Adam's insights
Who does what and who gets what so we can survive and thrive?…
Tradition... - roles & tasks are what has always been done... - com…
- authority, power, and status in society... - roles and respons…
- wealth is dynamic, not static. nations that use resources e…
The fundamental economic question?... th…
Who does what and who gets what so we can survive and thrive?…
Tradition ... Command... Free Market
Tradition... - roles & tasks are what has always been done... - com…
13 terms
Business and Society
characteristics of developed countries
Contract
Tort
what employees expect from their jobs
self sufficient... diversified... significant export market... politic…
principal: courts have authority by contract... grounds for suit…
Principal: courts have to right wrongs... grounds: defendant dis…
compensation... opportunity for advancement... security... safe work e…
characteristics of developed countries
self sufficient... diversified... significant export market... politic…
Contract
principal: courts have authority by contract... grounds for suit…
29 terms
Business and Society
Only contracts that meet certain requi…
Money or something of value given in r…
A _______________ typically occurs whe…
For what reasons may a person's contra…
elements
consideration
contract
Mentally unstable, retarded , insane, Minor
Only contracts that meet certain requi…
elements
Money or something of value given in r…
consideration
45 terms
Business & Society
Absolute
Act-Utalitarianism
Carol Gilligan
Deontology (aka formalist view of ethi…
synonym for the "categorical" in "categorical imperative"
Has the goal of identifying the consequences of a particular…
According to this person, the feminine conception of morality…
Ethical theory concerned with duties and rights. Acts are inh…
Absolute
synonym for the "categorical" in "categorical imperative"
Act-Utalitarianism
Has the goal of identifying the consequences of a particular…
26 terms
Business and Society
What elements to contracts have to mee…
What is consideration?
What occurs when one party makes an of…
For what reasons may a persona contrac…
contract elements (legal purpose, consideration, voluntary ag…
money or something of value given in return for fulfilling a…
voluntary agreement
parties must have legal ability to enter into a contract
What elements to contracts have to mee…
contract elements (legal purpose, consideration, voluntary ag…
What is consideration?
money or something of value given in return for fulfilling a…
35 terms
Business and Society
what element do contracts that are enf…
money or something of value given in e…
for what reasons might someones contra…
what happens when one party makes an o…
contract elements
consideration
being a minor, be mentally unstable, being intoxicated
voluntary agreement
what element do contracts that are enf…
contract elements
money or something of value given in e…
consideration
19 terms
Business and Society
Weber
Marx
Plato
Kant
Rentability of capitalism-effiency
Social revolution, communism
Virtue-ethics, wants a just society
Relativism, Universal Moral law, duty-ethics, deontological.…
Weber
Rentability of capitalism-effiency
Marx
Social revolution, communism
41 terms
Business and society
pluralistic society
4 levels of power
Iron law of Responsibility
What is the triple bottom line?
prevents power from going only to a few
Micro, Macro, Individual, intermediate
those who do not use power in a manner, society considers res…
Economic, social, environmental
pluralistic society
prevents power from going only to a few
4 levels of power
Micro, Macro, Individual, intermediate
11 terms
Business in society
Brick and mortar
Builders
E-tailers
Manufacturer
A business that operates out of a physical facility (instead…
A type of producer that constructs roads, bridges, buildings,…
Retailers who operate solely online
A type of producer that changes the shapes or forms of materi…
Brick and mortar
A business that operates out of a physical facility (instead…
Builders
A type of producer that constructs roads, bridges, buildings,…
42 terms
Business and Society
affluence and education, awareness thr…
Levels of power, spheres of Power, Bal…
GDP, Inflation, interest rates, unempl…
Political/ Legal System
What are the social factors of society relevant to Business?
What are the three criticisms of business?
What are some of the aspects of the economic environment?
Focuses on the processes by which laws get passed and officia…
affluence and education, awareness thr…
What are the social factors of society relevant to Business?
Levels of power, spheres of Power, Bal…
What are the three criticisms of business?
10 terms
business and society
anarchism
capitalism
communism
conservatism
belief in the abolition of all government and the organizatio…
an economic and political system in which the country's trade…
advocates class war and a society in which all property is pu…
favors tradition instead of radical social change
anarchism
belief in the abolition of all government and the organizatio…
capitalism
an economic and political system in which the country's trade…
10 terms
Business and society
Yritys perustettiin vuonna 2000.
Tuotevalikoimaa laajennettiin kaksi vu…
Pääkonttori rakennettiin Espooseen vuo…
Yhteensä 500 uutta työntekijää on palk…
The company was founded in two thousand.
The product range was expanded two years later.
Head office built in Espoo in a year 2007.
Overall five hundred new employees have been hired since 2005
Yritys perustettiin vuonna 2000.
The company was founded in two thousand.
Tuotevalikoimaa laajennettiin kaksi vu…
The product range was expanded two years later.
19 terms
Business and Society
business
Society
general systems theory
interactive social system
any organization that is engaged in making a product or provi…
human beings and the social structures they collectively create
argues all organisms are open to and interact with their exte…
business and society each need the other and influence each o…
business
any organization that is engaged in making a product or provi…
Society
human beings and the social structures they collectively create
24 terms
Business and Society
ownership theory of the firm
stakeholder theory of the firm
3 core arguments for the stakeholder t…
market stakeholders
also called property or finance theory; the purpose of the fi…
argues that corporations serve a broad public purpose which i…
descriptive: stakeholder view is simply a more realistic desc…
those that engage in economic transactions with the company a…
ownership theory of the firm
also called property or finance theory; the purpose of the fi…
stakeholder theory of the firm
argues that corporations serve a broad public purpose which i…
69 terms
Business and Society
Social Environment
Pluralistic Society
Victimization Philosophy
Levels of Power
the demographics, lifestyles, and social values of a society
decentralization of power to concentration leads to this
result of growing numbers of individuals and groups who see t…
Macro, micro and individual level.
Social Environment
the demographics, lifestyles, and social values of a society
Pluralistic Society
decentralization of power to concentration leads to this
56 terms
Business and Society
Gross Domestic Product (GDP)
Non Profit Sector/NGOs/c3s
Public Sector/Government
Private Sector/Business
"The Economy"... the total value of good and services produce…
The sector of the economy comprised of organizations which ha…
The sector of the economy comprised of government organizatio…
The sector of the economy comprised of businesses which buy a…
Gross Domestic Product (GDP)
"The Economy"... the total value of good and services produce…
Non Profit Sector/NGOs/c3s
The sector of the economy comprised of organizations which ha…
31 terms
Business and Society
stakeholder theory of the firm
core arguments of stakeholder theory
owners theory
market stakeholders
corporations serve a broad public purpose which is to create…
descriptive: just a way to describe what a company really doe…
firm is seen as property of its owners... purpose is to maximize…
engage in economic transactions with the company as it carrie…
stakeholder theory of the firm
corporations serve a broad public purpose which is to create…
core arguments of stakeholder theory
descriptive: just a way to describe what a company really doe…
68 terms
Business and Society
Human Resources Management (HRM)
Job analysis
Job description
Job specification
All the activities involbed in determining an organization's…
The determination, through observation and study of pertinent…
A FORMAL written explanation of a specific job, usually inclu…
A description of the qualifications necessary for a specific…
Human Resources Management (HRM)
All the activities involbed in determining an organization's…
Job analysis
The determination, through observation and study of pertinent…
51 terms
Business + Society
Absolute
Act-utilitarianism
Carol Gilligan
Deontology
Synonym for the 'categorical' in 'categorical imperative'
has the goal of identifying the consequences of a particular…
According to this person, the feminine conception of morality…
Ethical theory concerned with the duties and rights. Acts are…
Absolute
Synonym for the 'categorical' in 'categorical imperative'
Act-utilitarianism
has the goal of identifying the consequences of a particular…
54 terms
Business and Society - Exam 1
Pluralism
Iron law of responsibility
Stakeholders
Entitlement mentality
diffusion of power among society's many groups and organizati…
those who do not wield power properly will lose it
anyone impacted in any way by the business; sometimes may hav…
the idea that everyone owes me something
Pluralism
diffusion of power among society's many groups and organizati…
Iron law of responsibility
those who do not wield power properly will lose it
77 terms
Society & Business
Social Responsibility
Stakeholders
Stakeholder Orientation
Crisis Management
The adoption by a business of a strategic focus for fulfillin…
Constituents that have a stake in, or claim on, some aspect o…
The degree to which a firm understand and addresses stakehold…
The process of handling a high-impact even categorized by amb…
Social Responsibility
The adoption by a business of a strategic focus for fulfillin…
Stakeholders
Constituents that have a stake in, or claim on, some aspect o…
16 terms
Business society
economic utility
characteristics of entrepreneurs:
what is business ecology?
How does legal political environment i…
Form utility... converting a given raw material from its origi…
Drive and energy... High achievers... Liking of challenge... Self con…
Business ecology is a management imperative to optimize busin…
a) Law and regulations- some countries have a history of unst…
economic utility
Form utility... converting a given raw material from its origi…
characteristics of entrepreneurs:
Drive and energy... High achievers... Liking of challenge... Self con…
65 terms
Business & Society
Free enterprise
Manufacturing businesses
Service businesses
Sales revenue-Expenses
Individuals are free to decide what to produce, how to produc…
Goods producing
Service providing
=Profit
Free enterprise
Individuals are free to decide what to produce, how to produc…
Manufacturing businesses
Goods producing
27 terms
business society
entrepreneur
three characteristics of entrepreneuri…
innovating
running a business
someone who identifies a business opportunity and assumes the…
innovating, running a business, and risk taking
entrepreneur offers a new product, applies a new technique or…
entrepreneurship means setting up a business to make a profit…
entrepreneur
someone who identifies a business opportunity and assumes the…
three characteristics of entrepreneuri…
innovating, running a business, and risk taking
50 terms
Business in Society
Adam Smith
Invisible hand
Wealth of Nations(1776)
Mercantilism
Father of economics... Invisible hand... No economic development wi…
Idea of never interfering with the market... liberal economies
Adam Smith... Mercantlism, absolute advantage, comparative advan…
Wealth of the world was fixed, international trade=zero-sum g…
Adam Smith
Father of economics... Invisible hand... No economic development wi…
Invisible hand
Idea of never interfering with the market... liberal economies
30 terms
Business & Society
Promotions
Place
Wholesale
Retail
the activities used to communicate the product's benefits and…
putting the right product, at the right price, at the right t…
a store that sells products to other wholesale stores or to r…
sells directly to the consumer, and must carefully consider t…
Promotions
the activities used to communicate the product's benefits and…
Place
putting the right product, at the right price, at the right t…
27 terms
Business and Society
Which of these is not one of the top t…
The Utilitarian method of ethical reas…
The limitations of the rights method o…
Which of the following is not true of…
low management awareness
net benefits exceed net costs
difficult to balance conflicting rights
middle managers are an "area of strength" within companies be…
Which of these is not one of the top t…
low management awareness
The Utilitarian method of ethical reas…
net benefits exceed net costs
6 terms
Business Connections (Business and Society)
Brick and mortar
Builders
E-tailers
Manufacturer
A business that operates out of a physical facility (instead…
A type of producer that constructs roads, bridges, buildings,…
Retailers who operate solely online
A type of producer that changes the shapes or forms of materi…
Brick and mortar
A business that operates out of a physical facility (instead…
Builders
A type of producer that constructs roads, bridges, buildings,…
7 terms
Perspectives on society, family and education
Marxist
Feminist
Liberal feminist
Marxist feminist
Believe that capitalism can only develop well from the exploi…
Believe that gender is socially constructed, learnt roles fro…
Believe there has been a progress in women's role, equal pay,…
Believe capitalism is the reason for inequality towards women…
Marxist
Believe that capitalism can only develop well from the exploi…
Feminist
Believe that gender is socially constructed, learnt roles fro…
16 terms
Business and Society- Chapter 12
political involvement
lobbying*
umbrella organizations*
trade associations*
Participation in the formulation and execution of public poli…
The process of influencing public officials to promote or sec…
The broadest level of lobbying organizations, which represent…
Organizations of many firms in a given industry or line of bu…
political involvement
Participation in the formulation and execution of public poli…
lobbying*
The process of influencing public officials to promote or sec…
13 terms
Business and Society 101 - Business
Revenues/Sales
Expenses/Costs
Profit/Income/Net Income
Types of Expenses: ... COGS (Cost of Good…
The amount of money earned from the sale of a product or serv…
The amount of money it costs to make and sell a product or se…
Revenues - expenses
the amount of money it costs to produce or manufacture a prod…
Revenues/Sales
The amount of money earned from the sale of a product or serv…
Expenses/Costs
The amount of money it costs to make and sell a product or se…
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