1. Which of the following is an argument for increased social responsibilities?

a) because business is part of our society, it cannot ignore social issues

b) management must be concerned with providing a return on owner's investments

c) corporate time and money should be used to maximize profits

d) individual businesses should not be expected to solve society's problems

e) social issues are the responsibility of government officials

2. Which of the following items is not a part of planning?

a) strategic plan

b) tactical plan

c) objective plan

d) contingency plan

e) operational plan

3. American Airlines has established a goal of increasing its profits by 1.2% next year to ensure that the goal is reached, management monitors profits on a monthly basis after 3 months comma if profits have not increased by 3% management will take connective action to get the company on track. By doing so management is carrying out its ____ function(s)

a) planning

b) leading and motivating

c) goal setting and planning

d) organizing

e) controlling