BUSINESS TECHNOLOGY AND SOCIETY
FINAL PAPER COMPLETE QUESTIONS AND
ANSWERS EXPERT REVIEWED
●● What is the significance of a social responsibility pledge in higher
education?
Answer: It encourages students to consider the social, economic, and
environmental consequences of their behaviors and promotes a
sustainable and just society.
●● What societal factors influence business expectations?
Answer: Society's expectations are driven by a more informed, affluent,
and litigious society, along with technological advances that facilitate
misinformation and increase scrutiny on businesses.
●● What does VUCA stand for?
Answer: Volatile, Uncertain, Complex, Ambiguous.
●● What are some of the world's problems mentioned in the text?
Answer: Ecosystem decline, climate change, inequality-poverty gap, and
corruption.
●● What are the three aspects of good management in relation to ethics?
, Answer: Good Management links ethics to management, Good
Organization manages ethics inside the organization, and Good
Citizenship goes beyond organizational boundaries.
●● What defines a pluralistic society?
Answer: A pluralistic society consists of diverse groups with various
values, backgrounds, and aspirations, where members may not always
agree.
●● What is the role of small and medium-sized enterprises in Canada?
Answer: They account for 99% of all businesses, employ 88% of
Canadians, and contribute 52% of GDP.
●● What is the concept of 'social licence' in business?
Answer: The privilege of operating in society with minimal formal
restrictions, based on maintaining public trust and doing what is
acceptable to stakeholders.
●● What is the relationship between business and society referred to as?
Answer: A symbiotic relationship that fosters sustainable growth, shared
prosperity, and positive impacts on well-being.
●● What is the definition of ethics in business?
FINAL PAPER COMPLETE QUESTIONS AND
ANSWERS EXPERT REVIEWED
●● What is the significance of a social responsibility pledge in higher
education?
Answer: It encourages students to consider the social, economic, and
environmental consequences of their behaviors and promotes a
sustainable and just society.
●● What societal factors influence business expectations?
Answer: Society's expectations are driven by a more informed, affluent,
and litigious society, along with technological advances that facilitate
misinformation and increase scrutiny on businesses.
●● What does VUCA stand for?
Answer: Volatile, Uncertain, Complex, Ambiguous.
●● What are some of the world's problems mentioned in the text?
Answer: Ecosystem decline, climate change, inequality-poverty gap, and
corruption.
●● What are the three aspects of good management in relation to ethics?
, Answer: Good Management links ethics to management, Good
Organization manages ethics inside the organization, and Good
Citizenship goes beyond organizational boundaries.
●● What defines a pluralistic society?
Answer: A pluralistic society consists of diverse groups with various
values, backgrounds, and aspirations, where members may not always
agree.
●● What is the role of small and medium-sized enterprises in Canada?
Answer: They account for 99% of all businesses, employ 88% of
Canadians, and contribute 52% of GDP.
●● What is the concept of 'social licence' in business?
Answer: The privilege of operating in society with minimal formal
restrictions, based on maintaining public trust and doing what is
acceptable to stakeholders.
●● What is the relationship between business and society referred to as?
Answer: A symbiotic relationship that fosters sustainable growth, shared
prosperity, and positive impacts on well-being.
●● What is the definition of ethics in business?
