- In a _, the business is formed by an agreement entered into by its first members.
- Economist Milton Friedman believed as long as a business meets minimal requirements of morality, it is free to single-mindedly pursue profit. Which of the following is Friedman a proponent of?
- If a company has _, that means the members are financially accountable for the debts of the organization.
- A company that is vertically integrated:
- Which philosopher asserted that humans are entitled to the results of their labor?
- A socially responsible company should take responsibility for the effects its corporate decision making have on:
- Which of the following economic systems supports the natural right to own and oversee property?
- Which of the following best describes the concept of outsourcing?
- Which of the following principles relates to the notion that the self-interest of individuals in a capitalist market would direct the market, essentially selecting the best products, prices, and suppliers?
- A publicly held company:
- The idea of institutionalizing ethics within corporations suggests that businesses:
- Which of the following statements is a criticism of capitalism?
- Which of the following moral principles underscores capitalism?
- Which of the following is an aspect of corporate culture?
- Critics of __ point out that with self-interest being so prevalent, the capacity for morality and concern for larger social interests is devalued.
- Which of the following is an accurate statement about capitalism?
- Which of the following statements about the broader view of corporate responsibility is true?
- Manufacturing was once at the center of the American economy. Roughly, what is the current percentage of the American workforce employed in manufacturing?
- A corporation consists of investors who own all of the outstanding shares, whereas a corporation has stock which may be traded among the general public.
- Which of the following is an argument that supports government laws and regulations controlling corporations?
- Economist Kenneth Arrow would be a proponent of which of the following statements?
- Which of the following is an accurate statement about socialism?
- Critics of capitalism argue that:
- Which of the following occurs in a free market when suppliers begin to overproduce a given product?
- A company with minimum work quotas may create:
- Which of the following is true of capitalist systems?
- Which of the following principles lies at the heart of the concept of the Invisible Hand?
- Which of the following do corporations NOT fall under?
- Which of the following events in the history of capitalism occurred FIRST?
- Proponents of the narrow view of corporate responsibility reject the __ argument because what may be good for corporations is not necessarily what’s always best for society.
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