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

2. 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

3. 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