Question 1

Adam Smith's notions of selfishness and self-interest are identical.

Accepted Answer

A) True 
 B)False

Question 2

A(n)_________________ is an association of employees that advances its members interests,including wages,benefits,work rules and other conditions of employment,through collective bargaining with an employer.

Accepted Answer

A)  oligopoly 
B)  strike 
C)  labor union 
D)  all of the above 
E)  none of the above 
A)  oligopoly 
B)  strike 
C)  labor union 
D)  all of the above 
E)  none of the above

Question 3

Philosophers including ___________________ and Friedrich Engels disputed Adam Smith's assumptions about the moral sentiments of business people,and inspired some union organizers.

Accepted Answer

A)  Karl Marx 
B)  Samuel Gompers 
C)  Milton Friedman 
D)  all of the above 
E)  none of the above 
A)  Karl Marx 
B)  Samuel Gompers 
C)  Milton Friedman 
D)  all of the above 
E)  none of the above

Question 4

The U.S.founders renounced slavery and refused to own slaves.

Accepted Answer

A) True 
 B)False

Question 5

Victory in the Revolutionary War meant abandoning England's government-controlled mercantilist system in favor of commercial laws that encouraged and protected liberty in the business sector.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following rights were not included in the Bill of Rights?

Accepted Answer

A)  right to bear arms 
B)  freedom of the press 
C)  freedom from unreasonable search and seizure 
D)  freedom to rule the colonies 
E)  freedom of religion 
A)  right to bear arms 
B)  freedom of the press 
C)  freedom from unreasonable search and seizure 
D)  freedom to rule the colonies 
E)  freedom of religion

Question 7

Huge population growth through illegal immigration,primarily from Europe,characterized the Industrial Revolution.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following early leaders was not among the authors of the Declaration of Independence?

Accepted Answer

A)  Thomas Jefferson 
B)  James Madison 
C)  Benjamin Franklin 
D)  all of the above 
E)  none of the above 
A)  Thomas Jefferson 
B)  James Madison 
C)  Benjamin Franklin 
D)  all of the above 
E)  none of the above

Question 9

The Bill of Rights outlined rights including freedom of speech,freedom of the press,and freedom from unreasonable search and seizure.

Accepted Answer

A) True 
 B)False

Question 10

According to its definition,capitalism as an economic system is characterized by which of the following?

Accepted Answer

A)  mercantilist policies 
B)  democratic policies 
C)  freedom and competition 
D)  religious freedom 
E)  selfishness at all costs 
A)  mercantilist policies 
B)  democratic policies 
C)  freedom and competition 
D)  religious freedom 
E)  selfishness at all costs

Question 11

The Bill of Rights was the original introduction to the Declaration of Independence.

Accepted Answer

A) True 
 B)False

Question 12

A B Corporation is distinct from the typical C Corporation designation because the B Corporation certification focuses on:

Accepted Answer

A)  maximizing shareholder wealth 
B)  limiting worker compensation 
C)  ethics, sustainability and social responsibility 
D)  all of the above 
E)  none of the above 
A)  maximizing shareholder wealth 
B)  limiting worker compensation 
C)  ethics, sustainability and social responsibility 
D)  all of the above 
E)  none of the above

Question 13

_____________,a Scottish philosopher,provided many of the teachings that underlie capitalist systems.

Accepted Answer

A)  James Madison 
B)  Adam Smith 
C)  John Locke 
D)  King George III 
E)  none of the above 
A)  James Madison 
B)  Adam Smith 
C)  John Locke 
D)  King George III 
E)  none of the above

Question 14

Early charters hindered groups of people from creating organizations by pooling financial resources,which enabled riskier business projects to be undertaken.

Accepted Answer

A) True 
 B)False

Question 15

Adam Smith argued that when self-regulating moral mechanisms fail,________________ must serve to protect the public from egregious immoral actions.

Accepted Answer

A)  democracy 
B)  strong justice systems 
C)  individual sanctions 
D)  all of the above 
E)  none of the above 
A)  democracy 
B)  strong justice systems 
C)  individual sanctions 
D)  all of the above 
E)  none of the above

Question 16

Living in an expanding economy hinders jobs and disposable income.

Accepted Answer

A) True 
 B)False

Question 17

Capitalism was chosen as the economic system for the newly formed United States because it was the easiest way to become competitive with Britain.

Accepted Answer

A) True 
 B)False

Question 18

Fundamental notions behind Adam Smith's concept of a fair economic system include which of the following?

Accepted Answer

A)  reason and liberty 
B)  freedom and religious control 
C)  selfishness and justice 
D)  all of the above 
E)  none of the above 
A)  reason and liberty 
B)  freedom and religious control 
C)  selfishness and justice 
D)  all of the above 
E)  none of the above

Question 19

One method that may assist in more equitable levels of executive pay that limits incentives for stock price manipulation is:

Accepted Answer

A)  extended payout periods for stock options 
B)  lump-sum stock option payouts 
C)  elimination of stock options 
D)  all of the above 
E)  none of the above 
A)  extended payout periods for stock options 
B)  lump-sum stock option payouts 
C)  elimination of stock options 
D)  all of the above 
E)  none of the above

Question 20

Income inequality is unique to capitalist societies.

Accepted Answer

A) True 
 B)False

Adam Smith's notions of selfishness and self-interest are identical.

A(n)_________________ is an association of employees that advances its members interests,including wages,benefits,work rules and other conditions of employment,through collective bargaining with an employer.

Philosophers including ___________________ and Friedrich Engels disputed Adam Smith's assumptions about the moral sentiments of business people,and inspired some union organizers.

The U.S.founders renounced slavery and refused to own slaves.

Victory in the Revolutionary War meant abandoning England's government-controlled mercantilist system in favor of commercial laws that encouraged and protected liberty in the business sector.

Which of the following rights were not included in the Bill of Rights?

Huge population growth through illegal immigration,primarily from Europe,characterized the Industrial Revolution.

Which of the following early leaders was not among the authors of the Declaration of Independence?

The Bill of Rights outlined rights including freedom of speech,freedom of the press,and freedom from unreasonable search and seizure.

According to its definition,capitalism as an economic system is characterized by which of the following?

The Bill of Rights was the original introduction to the Declaration of Independence.

A B Corporation is distinct from the typical C Corporation designation because the B Corporation certification focuses on:

_____________,a Scottish philosopher,provided many of the teachings that underlie capitalist systems.

Early charters hindered groups of people from creating organizations by pooling financial resources,which enabled riskier business projects to be undertaken.

Adam Smith argued that when self-regulating moral mechanisms fail,________________ must serve to protect the public from egregious immoral actions.

Living in an expanding economy hinders jobs and disposable income.

Capitalism was chosen as the economic system for the newly formed United States because it was the easiest way to become competitive with Britain.

Fundamental notions behind Adam Smith's concept of a fair economic system include which of the following?

One method that may assist in more equitable levels of executive pay that limits incentives for stock price manipulation is:

Income inequality is unique to capitalist societies.

Unethical Behaviors in Organizations and Human Nature

Hiring Ethical People

Codes of Ethics and Codes of Conduct

Ethical Decision Making

Ethics Training

Respecting Employee Diversity

Ethics Reporting Systems

Managers as Ethical Leaders and Role Models

Engaging and Empowering Ethical Employees

Environmental Management

Community Outreach and Respect

Filters

Exam 2: A Historical Perspective on Business Ethics

Adam Smith's notions of selfishness and self-interest are identical.

A(n)_________________ is an association of employees that advances its members interests,including wages,benefits,work rules and other conditions of employment,through collective bargaining with an employer.

Philosophers including ___________________ and Friedrich Engels disputed Adam Smith's assumptions about the moral sentiments of business people,and inspired some union organizers.

The U.S.founders renounced slavery and refused to own slaves.

Victory in the Revolutionary War meant abandoning England's government-controlled mercantilist system in favor of commercial laws that encouraged and protected liberty in the business sector.

Which of the following rights were not included in the Bill of Rights?

Huge population growth through illegal immigration,primarily from Europe,characterized the Industrial Revolution.

Which of the following early leaders was not among the authors of the Declaration of Independence?

The Bill of Rights outlined rights including freedom of speech,freedom of the press,and freedom from unreasonable search and seizure.

According to its definition,capitalism as an economic system is characterized by which of the following?

The Bill of Rights was the original introduction to the Declaration of Independence.

A B Corporation is distinct from the typical C Corporation designation because the B Corporation certification focuses on:

_____________,a Scottish philosopher,provided many of the teachings that underlie capitalist systems.

Early charters hindered groups of people from creating organizations by pooling financial resources,which enabled riskier business projects to be undertaken.

Adam Smith argued that when self-regulating moral mechanisms fail,________________ must serve to protect the public from egregious immoral actions.

Living in an expanding economy hinders jobs and disposable income.

Capitalism was chosen as the economic system for the newly formed United States because it was the easiest way to become competitive with Britain.

Fundamental notions behind Adam Smith's concept of a fair economic system include which of the following?

One method that may assist in more equitable levels of executive pay that limits incentives for stock price manipulation is:

Income inequality is unique to capitalist societies.

Unethical Behaviors in Organizations and Human Nature

Hiring Ethical People

Codes of Ethics and Codes of Conduct

Ethical Decision Making

Ethics Training

Respecting Employee Diversity

Ethics Reporting Systems

Managers as Ethical Leaders and Role Models

Engaging and Empowering Ethical Employees

Environmental Management

Community Outreach and Respect

Filters