Question 1

Which of the following is true regarding the civilizations of ancient Greece and Rome?

Accepted Answer

A)  Both the civilizations were based on industrial activities. 
B)  Economic activity by merchants,bankers,and manufacturers was at a maximum. 
C)  Inaccurate economic doctrines were put forward to explain commercial activities. 
D)  Philosophers reasoned that profit seeking was the best motive. 
A)  Both the civilizations were based on industrial activities. 
B)  Economic activity by merchants,bankers,and manufacturers was at a maximum. 
C)  Inaccurate economic doctrines were put forward to explain commercial activities. 
D)  Philosophers reasoned that profit seeking was the best motive.

Question 2

_____ is a term that denotes both the ideology of using markets to organize society and a set of policies to free markets from state intrusion.

Accepted Answer

A)  Neoliberalism 
B)  Embedded liberalism 
C)  Social liberalism 
D)  Liberalism 
A)  Neoliberalism 
B)  Embedded liberalism 
C)  Social liberalism 
D)  Liberalism

Question 3

The popular theoretician of the rising capitalist spirit was _____ who published the first annual "Poor Richard's Almanack",an eclectic book of facts,information,and self-help advice.

Accepted Answer

A)  Thomas Jefferson 
B)  Adam Smith 
C)  Benjamin Franklin 
D)  John Locke 
A)  Thomas Jefferson 
B)  Adam Smith 
C)  Benjamin Franklin 
D)  John Locke

Question 4

What is the Protestant ethic?

Accepted Answer

Protestant ethic is the belief

Question 5

The philosophy of an open society in which the state does not interfere with rights of the individuals is known as:

Accepted Answer

A)  neoliberalism. 
B)  embedded liberalism. 
C)  liberalism. 
D)  racism. 
A)  neoliberalism. 
B)  embedded liberalism. 
C)  liberalism. 
D)  racism.

Question 6

The political reform movement that arose among U.S.farmers in the late 1800s was the:

Accepted Answer

A)  populist movement. 
B)  progressive movement. 
C)  libertarian movement. 
D)  socialistic movement. 
A)  populist movement. 
B)  progressive movement. 
C)  libertarian movement. 
D)  socialistic movement.

Question 7

The Group of Eight has now expanded and is currently known as:

Accepted Answer

A)  G20. 
B)  G24. 
C)  G77. 
D)  G8 + 5. 
A)  G20. 
B)  G24. 
C)  G77. 
D)  G8 + 5.

Question 8

An agrarian society is a preindustrial society in which economic,political,and cultural values are based on agricultural experience.

Accepted Answer

A) True 
 B)False

Question 9

What is an agrarian society?

Accepted Answer

An agrarian society is a prein

Question 10

Milton Friedman,his colleagues,and their free market ideas are known as the ____,a shorthand term for a doctrine of privatization,free trade,and deregulation.

Accepted Answer

A)  Stockholm School 
B)  Freiburg School 
C)  Chicago School 
D)  Austrian School 
A)  Stockholm School 
B)  Freiburg School 
C)  Chicago School 
D)  Austrian School

Question 11

According to new Progressives:

Accepted Answer

A)  corporations have insufficient power. 
B)  corporations have inordinate legal rights. 
C)  corporations are inherently moral. 
D)  free markets force the corporations to serve the public interest. 
A)  corporations have insufficient power. 
B)  corporations have inordinate legal rights. 
C)  corporations are inherently moral. 
D)  free markets force the corporations to serve the public interest.

Question 12

The call to pressure a company by not buying its products and services is known as a(n):

Accepted Answer

A)  boycott. 
B)  injunction. 
C)  picketing. 
D)  economic sanction. 
A)  boycott. 
B)  injunction. 
C)  picketing. 
D)  economic sanction.

Question 13

What is just price?

Accepted Answer

During the Middle Ages,merchan

Question 14

In the United States of 1850 to 1900,rapid industrial growth was taking place within a highly-regulated capitalist system that in many ways seemed to bear out the socialist's nightmare of exploitation.

Accepted Answer

A) True 
 B)False

Question 15

A price that incorporates a modest profit and is adequate to maintain a merchant in the social station to which they are born is known as:

Accepted Answer

A)  just price. 
B)  market price. 
C)  promotional price. 
D)  cost price. 
A)  just price. 
B)  market price. 
C)  promotional price. 
D)  cost price.

Question 16

Thomas Jefferson believed that an agrarian economy would prevent the rise of subservience to the wealthy and bring a state of equality,basic justice,and concern for the common good.

Accepted Answer

A) True 
 B)False

Question 17

Milton Friedman:

Accepted Answer

A)  advocated policies to minimize the market's role. 
B)  wanted the practice of Social Security to continue. 
C)  wanted the detailed regulations of industries to continue. 
D)  desired to turn America's national parks over to corporations. 
A)  advocated policies to minimize the market's role. 
B)  wanted the practice of Social Security to continue. 
C)  wanted the detailed regulations of industries to continue. 
D)  desired to turn America's national parks over to corporations.

Question 18

Socialism poses a revolutionary challenge to _____ society because it requires a change in property relationships that destroys bedrock arrangements.

Accepted Answer

A)  communist 
B)  capitalist 
C)  anarchist 
D)  feudal 
A)  communist 
B)  capitalist 
C)  anarchist 
D)  feudal

Question 19

Dystopia refers to a socially engineered model of alternative community that is designed to correct faults in the world so its members can find happiness.

Accepted Answer

A) True 
 B)False

Question 20

Unlike European peasants,American farmers owned their land and this turned them into little capitalists.

Accepted Answer

A) True 
 B)False

Which of the following is true regarding the civilizations of ancient Greece and Rome?

_____ is a term that denotes both the ideology of using markets to organize society and a set of policies to free markets from state intrusion.

The popular theoretician of the rising capitalist spirit was _____ who published the first annual "Poor Richard's Almanack",an eclectic book of facts,information,and self-help advice.

What is the Protestant ethic?

The philosophy of an open society in which the state does not interfere with rights of the individuals is known as:

The political reform movement that arose among U.S.farmers in the late 1800s was the:

The Group of Eight has now expanded and is currently known as:

An agrarian society is a preindustrial society in which economic,political,and cultural values are based on agricultural experience.

What is an agrarian society?

Milton Friedman,his colleagues,and their free market ideas are known as the ____,a shorthand term for a doctrine of privatization,free trade,and deregulation.

According to new Progressives:

The call to pressure a company by not buying its products and services is known as a(n):

What is just price?

In the United States of 1850 to 1900,rapid industrial growth was taking place within a highly-regulated capitalist system that in many ways seemed to bear out the socialist's nightmare of exploitation.

A price that incorporates a modest profit and is adequate to maintain a merchant in the social station to which they are born is known as:

Thomas Jefferson believed that an agrarian economy would prevent the rise of subservience to the wealthy and bring a state of equality,basic justice,and concern for the common good.

Milton Friedman:

Socialism poses a revolutionary challenge to _____ society because it requires a change in property relationships that destroys bedrock arrangements.

Dystopia refers to a socially engineered model of alternative community that is designed to correct faults in the world so its members can find happiness.

Unlike European peasants,American farmers owned their land and this turned them into little capitalists.

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

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Exam 4: Critics of Business

Which of the following is true regarding the civilizations of ancient Greece and Rome?

_____ is a term that denotes both the ideology of using markets to organize society and a set of policies to free markets from state intrusion.

The popular theoretician of the rising capitalist spirit was _____ who published the first annual "Poor Richard's Almanack",an eclectic book of facts,information,and self-help advice.

What is the Protestant ethic?

The philosophy of an open society in which the state does not interfere with rights of the individuals is known as:

The political reform movement that arose among U.S.farmers in the late 1800s was the:

The Group of Eight has now expanded and is currently known as:

An agrarian society is a preindustrial society in which economic,political,and cultural values are based on agricultural experience.

What is an agrarian society?

Milton Friedman,his colleagues,and their free market ideas are known as the ____,a shorthand term for a doctrine of privatization,free trade,and deregulation.

According to new Progressives:

The call to pressure a company by not buying its products and services is known as a(n):

What is just price?

In the United States of 1850 to 1900,rapid industrial growth was taking place within a highly-regulated capitalist system that in many ways seemed to bear out the socialist's nightmare of exploitation.

A price that incorporates a modest profit and is adequate to maintain a merchant in the social station to which they are born is known as:

Thomas Jefferson believed that an agrarian economy would prevent the rise of subservience to the wealthy and bring a state of equality,basic justice,and concern for the common good.

Milton Friedman:

Socialism poses a revolutionary challenge to _____ society because it requires a change in property relationships that destroys bedrock arrangements.

Dystopia refers to a socially engineered model of alternative community that is designed to correct faults in the world so its members can find happiness.

Unlike European peasants,American farmers owned their land and this turned them into little capitalists.

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters