Business Ethics MAC

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Karl Marx believed that

under capitalism workers are alienated in several ways

Externalities are

unintended side-effects

The first corporations

were towns, universities, and ecclesiastic orders

Which statement best describes capitalism?

Capitalism is an economic system that operates under the profit motive

Which of the following historical stages of capitalism came first?

Mercantile

Which of the following contributed to the more relaxed incorporation procedures of modern times?

The idea that incorporation is a by-product of the people's right to associate, not a gift from the state

More Americans are putting aside job success to...

be with their families

Marxism states

capitalism leads to a concentration of property and thus a concentration of resources and power in relatively few hands

Many economists are concerned that the growing trade deficit makes the U.S. vulnerable to

economic extortion

Capitalism operates on the debatable assumption that human beings find increased well-being through

greater material consumption

The narrow view of corporate social responsibility argues companies must make money within the "rules of the game" which rules out all of the following except for:

harm

An exclusive focus on short-term performance

has helped to create a high-pressure environment conducive to fraud

Milton Friedman's perspective is that the only responsibility of a business is to

make money for its owners

For employees who are paid handsomely for their efforts, Marx said their work would ultimately prove to be

meaningless to them

The "rules of the game" for corporate work are intended to

promote open and free competition

Those with a broader view concerning business obligations believe that with power comes

social responsibility

In Citizens United v. Federal Election Commission, the U.S. Supreme Court ruling included

support for corporations' First Amendment right to participate in the political process

Momentum for the corporate organization of business really gained momentum after which war?

the Civil War

Though many jobs are outsourced, most economists believe

the economy will create new jobs


संबंधित स्टडी सेट्स

Chapter 20 Managerial accounting

View Set

chapter 4 terms & concepts review

View Set

Kohlberg's Theory of Moral Development Issue: A student has decided to cheat on a test and believes this was the correct thing to do. How would you justify his/her thinking from each stage?

View Set

Learning Theory (Practice Exams 1-8)

View Set

NCLEX Questions Substance Abuse, Eating disorders and Impulse control disorders

View Set

CompTIA A+ Exam 220-1001 - RAM Quiz

View Set

Macroeconomics-exam question review

View Set

CSS50 Module 9 Address Resolution

View Set