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Which statement is not correct about the business-government-society interdependence? a
Which statement is not correct about the business-government-society interdependence? a. Most business actions impact others in society. b. Few governmental actions have a direct or indirect impact on business. c. Business and government continuously affect all segments of the general public.d. It demands that managers acquire a conceptual understanding of these relationships.
Expert Solution
a. Is true because we are a capitalistic society 'of the corporation, by the corporation and for the corporation' according to Jim Cramer on CNBC.
b. Is not true; in fact, I'm having a hard time thinking of anything Congress or the President discusses that doesn't directly or indirectly affect someone's business. Examples: raising the minimum wage will affect the Wal-mart Corporation; getting out of Iraq would affect the all defense-related companies; airline security issues slow down aircraft departures where time is money, etc.
c. Oh, how true. We may be 'free' in terms of the constitution and the Bill of Rights, but we are controlled and more controlled.
d. Is true, and why we have laws about conspiracy (Enron), fraud (Enron), and more.
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