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Chapter 11 Multiple choice questions
Return to The Business Environment 4e Student Resources
Chapter 11 Multiple choice questions
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Power is not exercised in a one-way direction, and the outcome depends on the resources and actions of the stakeholders involved. This is referred to as:
A process of dialogue
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The exercise of sovereignty
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The search for consensus
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A play of power
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The 'German model' of industrial relations involving employees as 'social partners' within business is referred to as:
Right to manage
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Top-down approach
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Co-determination
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Us and them
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Any individual or group that is affected by the decisions of a business organization is known as a:
Shareholder
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Stakeholder
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Citizen
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Customer
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The acronym CSO stands for:
Civil society organization
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Civil service organization
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Confederation of service-sector organizations
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Country-side organization
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Noreena Hertz's idea of a 'power shift' refers to:
The shift of power from government to business
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The shift of power from business to government
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The shift of power from shareholders to managers
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The shift of power from business to trade unions
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What is X in this statement: 'X refers to the ability of buyer or seller to alter the terms of exchange in their own favour-to bid the price up or down, or to get more or give less. X depends largely on the number of buyers and sellers (market structure)-your X is maximized if you are the only seller (monopolist) or buyer (monopsonist)'
Price-fixing
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Exploitation
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Bargaining power
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Mis-selling
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In 2013 the UK Office of Fair Trading (OFT) imposed fines on the vehicle manufacturer Mercedes-Benz and three commercial vehicle dealers, for what reason?
Market-rigging
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Rigging vehicle emissions measurements
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Tax evasion
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Selling cars that are not fit for purpose
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The employer-employee relationship can be characterized in terms of how much pay employees receive in return for how much effort they have to put in. This can be referred to as:
'Us and them' employee relations
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The employment contract
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The wage-effort bargain
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Co-determination
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An oligopolistic market is:
Where there is only one supplier
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Where there is only one buyer
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Where there is a large number of small firms
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Dominated by a small number of large firms
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Which grass-roots movement or pressure group has campaigned against corporate tax avoidance, targeting multinational corporations including Starbucks and Vodafone?
Transparency International
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UK Uncut
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Fairtrade foundation
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Federation of Small Businesses (FSB)
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