BUS 100 Lesson 10 Reading Quiz

The relationship between business and the community is accurately described by: a) It is one of mutual interdependence. b) Business has more responsibility toward community than the community does toward business. c) Communities possess more social power than businesses do. d) All of these answers are correct.

A

The term civic engagement describes: a) The active involvement of businesses and individuals in improving communities. b) A competitive, free market environment. c) Strong governmental regulation to control businesses at the municipal level. d) A close and collaborative business-government relationship.

A

What is one reason that firms partner with communities to increase economic development? a) To expand environmental sustainability. b) To develop workplace skills. c) To control the rate of entrepreneurship. d) To avoid paying higher taxes.

B

Another term for corporate giving is corporate: a) Welfare. b) Goodwill. c) Philanthropy. d) Citizenship.

C

Business depends on the community for: a) Education. b) Public services. c) Transportation systems. d) All of these answers are correct.

D

Communities depend on business for: a) Schools. b) Health care. c) The arts. d) All of the above.

D

Social capital is a phrase that refers to all of the following, except: a) The goodwill that is engendered by the fabric of social relations. b) A close relationship between companies and groups in the community. c) The norms and networks that enable collective action. d) Funds set aside for company events.

D

Which of the following is not a reason for businesses to establish community relations departments? a) Working with local governments. b) Managing donations of goods and services. c) Encouraging employee volunteerism. d) Managing international relations projects for economic development.

D

Which type of business community consists of people who work near the company? a) Site community. b) Virtual community. c) Community of interest. d) Employee community.

D

Why should businesses get involved in the community? a) To win local support for business activity. b) To build social capital. c) To meet stakeholder demands. d) All of these answers are correct.

D