Answer the following Review Questions:

$1.$ What are the benefits of businesses? Can a business negatively affect society? Give one example of a business that is benefiting society and one example of a negative effect.

$2.$ What are the factors of production? Is one factor more important than the others? If so$,$ which one? Why?

$3.$ What is a demand curve? A supply curve? How are they related?

$4.$ Why is inflation both good and bad? How does the government try to control demand and supply curves?

$5.$ What factors determine an individual$$s ethics? For you, which factor has been most significant?

$6.$ When making decisions, who are the stakeholders that a business should consider?

$7.$ What are the major areas of social responsibility with which businesses should be concerned?

$8.$ What are the four basic approaches to social responsibility?

$9.$ How does government shape the social responsibility of organizations?