BUS 309 Week 5 Chapters 4 and 5
Quiz  
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•             Question
1
5 out of 5 points
                Marxism
states                                 
                Selected
Answer:              
capitalism leads to a concentration of property and thus a
concentration of resources and power in relatively few hands.
•             Question
2
5 out of 5 points
                An
exclusive focus on short-term performance                                 
•             Question
3
5 out of 5 points
                An
assessment of work in America is                                      
•             Question
4
5 out of 5 points
                Which
statement accurately describes capitalism?                                            
•             Question
5
5 out of 5 points
                The
profit motive                                             
•             Question
6
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
7
5 out of 5 points
                According
to one survey of cultural values                                            
•             Question
8
5 out of 5 points
                Which
of the following is an accurate statement?                                             
•             Question
9
5 out of 5 points
                Though
many jobs are outsourced, most economists believe                                      
•             Question
10
5 out of 5 points
                Which
of the following accurately reflects the concept of Marxism?                                         
•             Question
11
5 out of 5 points
                For
employees who are paid handsomely for their efforts, Marx said their work would
ultimately prove to be                                    
•             Question
12
5 out of 5 points
                One of
the key features of capitalism is                                 
•             Question
13
5 out of 5 points
                Rather
than strong work ethic, a common attitude is:                                     
•             Question
14
5 out of 5 points
                Evidence
for the idea that American manufacturing is declining is                                              
•             Question
15
5 out of 5 points
                A basic
tenet of capitalism is that                                              
•             Question
16
5 out of 5 points
                Those
with a broader view concerning business obligations believe that with power
comes                                         
•             Question
17
5 out of 5 points
                The
statement that accurately describes corporations is                                                
•             Question
18
5 out of 5 points
                The
debate over corporate moral agency hinges on which issue?                                              
•             Question
19
5 out of 5 points
                A
common point of contention about corporations is                                      
•             Question
20
5 out of 5 points
                Milton
Snoeyenbos argues that                                                
•             Question
21
5 out of 5 points
                Which
of the following do advocates of the broader view of corporate social
responsibility believe?                                        
•             Question
22
5 out of 5 points
                Momentum
for the corporate organization of business really gained momentum after which
war?                                          
•             Question
23
5 out of 5 points
                The
“rules of the game” for corporate work are intended to                                        
•             Question
24
5 out of 5 points
                One of
the three important "limits to what the law can do" discussed by
Christopher Stone is                      
•             Question
25
5 out of 5 points
                Melvin
Anshen suggests that there is a relationship between business and society which
he termed as                                 
•             Question
26
5 out of 5 points
                Some
argue for the narrow view of corporate social responsibility on the ground that
managers have a fiduciary responsibility to maximize the profits of their
shareholders. As discussed in Chapter 5, one problem with this argument is that                                        
•             Question
27
5 out of 5 points
                Corporations
differ from partnerships and other forms of business association in two ways.
One of these is that                                                
•             Question
28
5 out of 5 points
                In the
corporate world, the board of directors will typically                                           
•             Question
29
5 out of 5 points
                The
idea that corporations are moral agents                                        
•             Question
30
5 out of 5 points
                The
first corporations                                     
•             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
Question 1 
0 out of 5 points
                One reason for believing that in
practice capitalism fails to live up to its own ideal of competition is
 Question 2 
5 out of 5 points
                How many Americans believe that
“if you work hard enough, you'll make it?”
 Question 3 
5 out of 5 points
                The profit motive
 Question 4 
5 out of 5 points
                Marxism states
 Question 5 
5 out of 5 points
                Which of the following accurately
reflects the concept of Marxism?
 Question 6 
5 out of 5 points
                Some critics of capitalism
believe that it rests on a flawed view of human beings because
 Question 7 
5 out of 5 points
                The concept of the
"invisible hand" means
 Question 8 
5 out of 5 points
                Evidence for the idea that
American manufacturing is declining is
 Question 9 
5 out of 5 points
                The Fugger dynasty was an example
of
 Question 10 
0 out of 5 points
                For employees who are paid
handsomely for their efforts, Marx said their work would ultimately prove to be
 Question 11 
5 out of 5 points
                Karl Marx believed that
 Question 12 
5 out of 5 points
                Many economists are concerned
that the growing trade deficit makes the U.S. vulnerable to
 Question 13 
5 out of 5 points
                Though many jobs are outsourced,
most economists believe
 Question 14 
5 out of 5 points
                An assessment of work in America
is
 Question 15 
5 out of 5 points
                One of the key features of
capitalism is
 Question 16 
5 out of 5 points
                The statement that accurately
describes corporations is
 Question 17 
5 out of 5 points
                Externalities are
 Question 18 
0 out of 5 points
                In the corporate world, the board
of directors will typically
 Question 19 
5 out of 5 points
                Which of the following do
advocates of the broader view of corporate social responsibility believe?
 Question 20 
5 out of 5 points
                The best statement concerning
corporations is
 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 
5 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
                In Citizens United v. Federal
Elections Commission, the U.S. Supreme Court
 Question 24 
5 out of 5 points
                Milton Friedman’s perspective is
that the only social responsibility of a business is to
 Question 25 
5 out of 5 points
                A common point of contention
about corporations is
 Question 26 
5 out of 5 points
                The debate over corporate moral
agency hinges on which issue?
 Question 27 
5 out of 5 points
                Momentum for the corporate organization
of business really gained momentum after which war?
 Question 28 
5 out of 5 points
                Milton Friedman argues that
 Question 29 
5 out of 5 points
                Those with a broader view
concerning business obligations believe that with power comes
 Question 30 
5 out of 5 points
                One of the three important
"limits to what the law can do" discussed by Christopher Stone is
Question 1
5 out of 5 points
Correct 
For the first time since the Industrial Revolution, less
than _____ percent of the American workforce was employed by manufacturing.
Question 2
5 out of 5 points
Correct 
Karl Marx believed that
Question 3
5 out of 5 points
Correct 
Though many jobs are outsourced, most economists believe
Question 4
5 out of 5 points
Correct 
A basic premise of Adam Smith's invisible hand argument is
Question 5
5 out of 5 points
Correct 
The Fugger dynasty was an example of
Question 6
5 out of 5 points
Correct 
An assessment of work in America is
Question 7
5 out of 5 points
Correct 
The concept of the "invisible hand" means
Question 8
5 out of 5 points
Correct 
The profit motive
Question 9
5 out of 5 points
Correct 
Marxism states
Question 10
5 out of 5 points
Correct 
A basic tenet of capitalism is that
Question 11
5 out of 5 points
Correct 
One reason for believing that in practice capitalism fails
to live up to its own ideal of competition is
Question 12
5 out of 5 points
For employees who are paid handsomely for their efforts,
Marx said their work would ultimately prove to be
Question 13
5 out of 5 points
How many Americans believe that “if you work hard enough,
you'll make it?”
Question 14
5 out of 5 points
Correct 
According to one survey of cultural values
Americans typically value things like their children's
education and a satisfactory love life more than work.
 Question 30 
5 out of 5 points
                Which of the following do
advocates of the broader view of corporate social responsibility believe?
Chapter 4—The Nature of Capitalism
MULTIPLE CHOICE
                1.            Which of the following historical
stages of capitalism came first?
a.            financial               b.            mercantile          c.             industrial             d.            state
welfare
                2.            The profit motive
a.            is a
fundamental feature of all societies.
b.            is no
longer a key feature of capitalism.
c.             must be
checked by competition if society is to benefit.
d.            is
basically immoral.
                3
…………………………..
All Questions Solution Included 
 
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