Which Theory Holds That Business Power Is Exercised in a Society

question 65

Multiple Choice

Which theory holds that business power is exercised in a society in which other institutions such as markets,government,labor unions,advocacy groups,and public opinion also have great power?

• A) State autonomy theory
• B) Elite theory
• C) Pluralist theory
• D) Dominance theory

---

Definitions:

Operating Activities

Involves the primary revenue-generating activities of an organization, such as sales and services, as reflected in its cash flow.

Selling Merchandise

The process of offering goods for sale to customers, often in a retail setting, which constitutes the primary revenue-generating activity of merchandising companies.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or during the normal operation cycle of the business, whichever is longer.