BUS 309 Week 5 Quiz

Which of the following accurately reflects the concept of Marxism?

The Fugger dynasty was an example of

Many economists are concerned that the growing trade deficit makes the U.S. vulnerable to

One of the key features of capitalism is

An assessment of work in America is

Karl Marx believed that

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

Which of the following is an accurate statement?

Though many jobs are outsourced, most economists believe

According to one survey of cultural values

Rather than strong work ethic, a common attitude is:

The profit motive

Which statement best describes capitalism?

Evidence for the idea that American manufacturing is declining is

Some critics of capitalism believe that it rests on a flawed view of human beings because

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

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

Which of the following do advocates of the broader view of corporate social responsibility believe?

One of the three important "limits to what the law can do" discussed by Christopher Stone is

Externalizes are

Momentum for the corporate organization of business really gained momentum after which war?

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

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

The statement that accurately describes corporations is

The idea that corporations are moral agents

In the corporate world, the board of directors will typically

A common point of contention about corporations is

The debate over corporate moral agency hinges on which issue?

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

The first corporations