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PHI 445 Week 2 Quiz NEW 2016
1. According to Karl Marx, history is the record of
2. Which of the following statements is a criticism of capitalism?
3. In 2007, a defense contractor was found guilty for working with a co-
conspirator to submit bids with increased prices for a bulletproof vest contract
so that a particular company would win the contract at a lower price. This is an
example of
4. 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)
____________ .
5. One justification for government regulation of commerce is to
6. A few years ago, the Bolivian government leased water rights in some of
the country’s poor, drought-stricken regions to private companies, including the
U.S. engineering company Bechtel. Shortly after Bechtel took control in one
area, water prices tripled, sparking protests. The privatization of water is an
example of
7. In 2010, the group United Students Against Sweatshops campaigned against
the Fruit of the Loom Company because the company had closed a Honduras plant
because it unionized. The result was 1,200 lost jobs. The student campaign cost
the company $50 million in lost contracts with U.S. and British colleges. The
company eventually reopened the factory and paid $2.5 million in compensation to
the workers. This is an example of consumer
8. One feature of a corporation is that it can continue indefinitely beyond
the lives of individual managers and stockholders of the corporation. This is
called
9. You are a shareholder in a corporation that filed bankruptcy. The
liabilities will be more than the assets. What you will be required to pay will
be based on
10. Which of the following statements is true about strategic
misrepresentation?
11. The Triple Bottom Line approach measures the success of sustainable
businesses in terms of
12. The idea that corporations can be moral agents holds that