BUS 309 BUS309 Quiz 4 (STRAYER)

BUS 309 Quiz 4

1. Many economists are concerned that the growing trade deficit makes the U.S. vulnerable to
2. A basic premise of Adam Smith's invisible hand argument is
3. Evidence for the idea that American manufacturing is declining is
4. A basic tenet of capitalism is that
5. Which statement accurately describes capitalism?
6. Some critics of capitalism believe that it rests on a flawed view of human beings because
7. How many Americans believe that “if you work hard enough, you'll make it?”
8. Karl Marx believed that
9. According to one survey of cultural values
10. Marxism states
11. For the first time since the Industrial Revolution, less than _____ percent of the American workforce was employed by manufacturing.
12. An exclusive focus on short-term performance
13. One reason for believing that in practice capitalism fails to live up to its own ideal of competition is
14. For employees who are paid handsomely for their efforts, Marx said their work would ultimately prove to be
15. Which of the following historical stages of capitalism came first?
16. Milton Snoeyenbos argues that
17. The best statement concerning corporations is
18. Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in Chapter 5?
19. Momentum for the corporate organization of business really gained momentum after which war?
20. The first corporations
21. Externalities are
22. A common point of contention about corporations is
23. The statement that accurately describes corporations is
24. Which of the following do advocates of the broader view of corporate social responsibility believe?
25. The idea that corporations are moral agents
26. In the corporate world, the board of directors will typically
27. Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. One of these occurs when
28. Adam Smith proposed that in our pursuit of economic interests we are led by
29. Milton Friedman’s perspective is that the only social responsibility of a business is to
30. In Citizens United v. Federal Elections Commission, the U.S. Supreme Court