First Question: In business and society, why is there a tendency to focus on large firms rather than small to medium sized firms? Do the corporate ethics scandals of the past decade affect the latter firms? If so, in what ways have these firms been affected?
Second Question: What is the greatest strength of a pluralistic society? What is the greatest weakness? Do these characteristics work for or against business?
Third Question: Identify and explain the major factors in the social environment that creates an atmosphere in which business criticism takes place and prospers. Provide examples. How are the factors related to one another? Has the revolution of rising expectations run its course, or is it still a reality among young people today?
Fourth Question: What is an example of each of the four levels of power in business? Also what is an example of each of the spheres of business power?
Fifth Question: What is the Iron Law of Responsibility and the social contract? What’s an example of a shared understanding between you as a consumer or an employee, and a firm with which you do business or for which you work. Is Congress justified in creating new regulations to govern the financial services?
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