Question 11 pts
_________ claimed that if businesses were allowed to follow their own self-interest, the economy of the country would improve.
Milton Friedman
Karl Marx
Adam Smith
David Hume

Flag this QuestionQuestion 21 pts
Which revolution motivated Marx and Engels to write The Communist Manifesto?

Flag this QuestionQuestion 31 pts
A _______ is when the government gives financial support to a company who is having financial difficulty.

Flag this QuestionQuestion 41 pts
Which of the following statements is a criticism of capitalism?
It allows too much government intervention for the purpose of monitor businesses.
Centralization is an ineffective way to structure the economy.
It allows large and powerful businesses to lobby the government against consumer interests.
Consumers have a difficult time taking advantage of return policies or suing for wrongdoing.

Flag this QuestionQuestion 51 pts
After Superstorm Sandy hit New Jersey, some businesses such as gasoline stations and car repair stores raised prices to bring in windfall profits off desperate customers. This is an example of price

Flag this QuestionQuestion 61 pts
In 2001, the government said it would sue to stop the 4.3 billion dollar merger of American Airlines and U.S. Airways that would create the world’s largest airline. The government was concerned that the merger would create a(an) ____________ .
illegal acquisition
competitive environment
increase in air routes

Flag this QuestionQuestion 71 pts
Rehabilitation, retribution, and ________ are reasons that society has for punishing individuals for crimes.

Flag this QuestionQuestion 81 pts
“To create content that educates, informs, and inspires” is an example of the ___________ statement from National Public Radio.

Flag this QuestionQuestion 91 pts
The idea that corporations can be moral agents holds that
individuals are making decisions for themselves, not for the corporation.
intentions can only occur within the conscious human mind.
corporations do not have the same legal liability as individuals do.
individual are making decisions for the corporation, not for themselves.

Flag this QuestionQuestion 101 pts
Which of the following is a criticism of using a community service order as punishment for a corporation?
It may actually improve the company’s reputation in the community.
It benefits the wider community.
It puts companies at a financial risk.
It embarrasses the employees in the company.

Flag this QuestionQuestion 111 pts
________ is the idea that an investor’s liability is no greater than his or her financial stake in the business.
Limited liability
Legal standing
Investor liability
Limited investment

Flag this QuestionQuestion 121 pts
According to economist Milton Friedman
corporations should focus on being socially responsible.
officers of a corporation should consider the interests of all stakeholders.
corporations should consider environmental issues as part of the decision-making process.
a corporation should only be focused on making a profit and staying within the law.

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