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BUS 309 WEEK 5 QUIZ • Question 1 A basic premise of Adam Smith’s invisible hand argument is • Question 2 Which statement best describes capitalism? • Question 3 The profit motive • Question 4 Marxism states • Question 5 Which of the following is an accurate statement? • Question 6 An exclusive focus on short-term performance • Question 7 Evidence for the idea that American manufacturing is declining is • Question 8 For employees who are paid handsomely for their efforts, Marx said their work would ultimately prove to be • Question 9 Some critics of capitalism believe that it rests on a flawed view of human beings because • Question 10 According to one survey of cultural values • Question 11 The concept of the “invisible hand” means • Question 12 Though many jobs are outsourced, most economists believe • Question 13 Rather than strong work ethic, a common attitude is: • Question 14 Which of the following accurately reflects the concept of Marxism? • Question 15 Many economists are concerned that the growing trade deficit makes the U.S. vulnerable to • Question 16 Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in Chapter 5? • Question 17 The best statement concerning corporations is • Question 18 Corporations differ from partnerships and other forms of business association in two ways. One of these is that • Question 19 Which of the following contributed to the more relaxed incorporation procedures of modern times? • Question 20 Melvin Anshen suggests that there is a relationship between business and society which he termed as • Question 21 In the corporate world, the board of directors will typically • Question 22 The “rules of the game” for corporate work are intended to • Question 23 Most Americans believe a corporation’s top obligation is to its • Question 24 In Citizens United v. Federal Elections Commission, the U.S. Supreme Court • Question 25 Momentum for the corporate organization of business really gained momentum after which war? • Question 26 A common point of contention about corporations is • Question 27 Those with a broader view concerning business obligations believe that with power comes • Question 28 Adam Smith proposed that in our pursuit of economic interests we are led by • Question 29 Which of the following do advocates of the broader view of corporate social responsibility believe? • Question 30 The statement that accurately describes corporations is

BUS/309 BUS309 BUS 309 WEEK 5 QUIZ

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