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BUS 309 Quiz 4 Ch.4 and Ch.5 NEW

  1. How many Americans believe that “if you work hard enough, you’ll make it?”
  2. Which statement accurately describes capitalism?
  3. According to one survey of cultural values
  4. Evidence for the idea that American manufacturing is declining is
  5. Marxism states
  6. Rather than strong work ethic, a common attitude is:
  7. Which of the following historical stages of capitalism came first?
  8. A basic premise of Adam Smith’s invisible hand argument is
  9. Karl Marx believed that
  10. The concept of the “invisible hand” means
  11. The profit motive
  12. For the first time since the Industrial Revolution, less than _ percent of the American workforce was employed by manufacturing.
  13. The Fugger dynasty was an example of
  14. Though many jobs are outsourced, most economists believe
  15. An assessment of work in America is
  16. Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. One of these occurs when
  17. Which of the following contributed to the more relaxed incorporation procedures of modern times?
  18. The best statement concerning corporations is
  19. The debate over corporate moral agency hinges on which issue?
  20. The “rules of the game” for corporate work are intended to
  21. Melvin Anshen suggests that there is a relationship between business and society which he termed as
  22. Corporations differ from partnerships and other forms of business association in two ways. One of these is that
  23. A common point of contention about corporations is
  24. The idea that corporations are moral agents
  25. Milton Friedman’s perspective is that the only social responsibility of a business is to
  26. Those with a broader view concerning business obligations believe that with power comes
  27. Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in Chapter 5?
  28. Adam Smith proposed that in our pursuit of economic interests we are led by
  29. The first corporations
  30. Most Americans believe a corporation’s top obligation is to its

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