Staryer Bus Ethics 309 Quiz 4 – Ch.4 and Ch.5 (2014) Graded

Course Business Ethics 309

Test Quiz 4 (Ch4) & (Ch5)

Question 1

5 out of 5 points

How many Americans believe that “if you work hard enough, you’ll make it?”

Question 2

5 out of 5 points

Which statement accurately describes capitalism?

Question 3

5 out of 5 points

According to one survey of cultural values

Question 4

5 out of 5 points

Evidence for the idea that American manufacturing is declining is

Question 5

0 out of 5 points

Marxism states

Question 6

0 out of 5 points

Rather than strong work ethic, a common attitude is:

Question 7

5 out of 5 points

Which of the following historical stages of capitalism came first?

Question 8

5 out of 5 points

A basic premise of Adam Smith’s invisible hand argument is

Question 9

5 out of 5 points

Karl Marx believed that

Question 10

5 out of 5 points

The concept of the “invisible hand” means

Question 11

0 out of 5 points

The profit motive

Question 12

5 out of 5 points

For the first time since the Industrial Revolution, less than _____ percent of the American workforce was employed by manufacturing.

Question 13

5 out of 5 points

The Fugger dynasty was an example of

Question 14

5 out of 5 points

Though many jobs are outsourced, most economists believe

Question 15

5 out of 5 points

An assessment of work in America is

Question 16

5 out of 5 points

Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. One of these occurs when

Question 17

0 out of 5 points

Which of the following contributed to the more relaxed incorporation procedures of modern times?

Question 18

5 out of 5 points

The best statement concerning corporations is

Question 19

5 out of 5 points

The debate over corporate moral agency hinges on which issue?

Question 20

5 out of 5 points

The “rules of the game” for corporate work are intended to

Question 21

5 out of 5 points

Melvin Anshen suggests that there is a relationship between business and society which he termed as

Question 22

0 out of 5 points

Corporations differ from partnerships and other forms of business association in two ways. One of these is that

Question 23

5 out of 5 points

A common point of contention about corporations is

Question 24

0 out of 5 points

The idea that corporations are moral agents

Question 25

5 out of 5 points

Milton Friedman’s perspective is that the only social responsibility of a business is to

Question 26

5 out of 5 points

Those with a broader view concerning business obligations believe that with power comes

Question 27

0 out of 5 points

Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in Chapter 5?

Question 28

Adam Smith proposed that in our pursuit of economic interests we are led by

Question 29

5 out of 5 points

The first corporations

Question 30

0 out of 5 points

Most Americans believe a corporation’s top obligation is to its

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