Examen

BSNS111 (Business and Society) - Exam Practice

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Cours
BSNS111

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Ashford University

What are the major themes in BSNS111? - ANS- - Pluralistic Society - Shareholder vs economic, social, environmental wealth - Ethics - Sustainability - Corporate Social Responsibility (CSR) - Stakeholder management - Interdependent nature of Business/Industry and Society What is corporate soc...

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Publié le 16 décembre 2024
Nombre de pages 6
Écrit en 2024/2025
Type Examen
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bsns111 business and society exam practice 202

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Cours BSNS111

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BSNS111 (Business and Society) - Exam
Practice 2024-2025

What are the major themes in BSNS111? - ANS- - Pluralistic Society
- Shareholder vs economic, social, environmental wealth
- Ethics
- Sustainability
- Corporate Social Responsibility (CSR)
- Stakeholder management
- Interdependent nature of Business/Industry and Society

What is corporate social responsibility? (CSR) - ANS- The belief that organisations
and businesses should maximise their positive impacts while minimising their
harmful ones.
- give back to the community, take part in philanthropic causes, and provide positive
social value

What does philanthropic mean? - ANS- private initiatives, for the public good,
focusing on quality of life
- a person or organisation seeking to promote the welfare of others; generous and
benevolent

What are the three interacting elements between Business, Government and
Society? - ANS- 1. Ideas
2. Institutions
3. Material things
- land, natural resources, infrastructure and manufactured goods.

What is capitalism? - ANS- An economic system based on private property and free
enterprise.
- capitalism is assumed to be inevitable
- companies: businesses exist separately from owners

Profit Motive? (Free markets and capitalism) - ANS- Crucial assumption about
human nature motivated by monetary interests

Competition? (Free markets and capitalism) - ANS- makes individual pursuit of self
interest beneficial

Private property - ANS- Private ownership of the major means of production

Nested/Bullseye model - ANS- system of how business and society interacts
- Stakeholder, pluralism and system theory

, Pluralism - ANS- A theory of government that holds that open, multiple, and
competing groups can check the asserted power by any one group.
- society, system of government, or organisation that has different groups that keep
their identities while existing with other groups or a more dominant group.

Systems theory - ANS- theory that describes the interconnected elements of a
system in which a change in one element affects all of the other elements

Characteristics of an indigenous economy - ANS- 1. the philosophical space driving
economic activity is associated with the respective Indigenous worldview; and
2. an approach that values 'accumulation of sharing' (equitable distribution of wealth
amongst the community)

Utilitarian - ANS- Actions are "Good" if they create a greater balance of pleasure
over pain for the greatest
number. Focus on observable outcomes

- definition: practical

Friedman Doctrine - ANS- The business of business is business. There is one & only
one social responsibility of business. To use its resources & engage in activities
designed to increase its profits so long as it stays within the rules of the game, which
is to say, engages in open & free competition without deception or fraud.

The Invisible Hand - ANS- If everyone acts in their own shellfish interest, a positive
result will result for society (only justification for free markets)

The Social Contract - ANS- A set of understandings that characterise the relationship
between two major institutions.

Philanthropy: - ANS- contributions to charity & other worthy causes

Philanthropic responsibilities - ANS- are not literal responsibilities they are perceived
as
responsibilities as they reflect current expectations of business by the public. It is the
dairy industries philanthropic responsibility to clean up New Zealand.

Conscious Capitalism - ANS- To choose a business strategy that aids in the welfare
of individuals & the environment

CSR Greenwashing - ANS- intentionally seeking to convey the image of a socially
responsible firm when their isn't
evidence to support it

Corporate citizenship: - ANS- How companies deliver their core values in a way that
minimises harm & maximises benefits and being aware of how you are making your
money.

sustainable development - ANS- Resource use that meets human needs whilst
preserving the environment so that the needs can be met for future generations

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