Ashford University PHI445/ PHI 445 WEEK 2 QUIZ.

PHI445 WEEK 2 QUIZ Attempt History Attempt Time Score LATEST Attempt 1 24 minutes 12 out of 12 Score for this quiz: 12 out of 12 Submitted Apr 24 at 12:40am This attempt took 24 minutes. Question 1 1 / 1 pts The philosopher Adam Smith suggested that the direction of international trade should be determined by government controls. moral forces. industry. free trade. The answer is found in Section 2.2 Adam Smith’s Capitalism in Introduction to Business Ethics. Question 2 1 / 1 pts Four major breakfast cereal companies share a majority of the cereal market: Kellogg, Post, General Mills, and Quaker. This is an example of an oligopoly. a modified monopoly. a monopoly. pure competition. The answer is in Section 2.5 Anticompetitive Practices in Introduction to Business Ethics. Question 3 1 / 1 pts According to Karl Marx, capitalists exploit the bourgeoisie. communists. serfs. proletariat. The answer is found in Section 2.3 Karl Marx’s Socialism in Introduction to Business Ethics. Question 4 1 / 1 pts Which revolution motivated Marx and Engels to write The Communist Manifesto? Scientific Industrial Neolithic Revolutionary The answer is found in Section 2.3 Karl Marx’s Socialism in Introduction in Business Ethics. Question 5 1 / 1 pts Welfare capitalism and are more modern versions of capitalism and socialism. monopolistic markets market socialism free enterprise social capitalism The answer is found in Section 2.4 Assessment of Capitalism and Socialism in Introduction to Business Ethics. Question 6 1 / 1 pts In the late 1990s, Google, Yahoo, and MSN purchased most of the existing search engines, such as Lycros and Jeeves. Google now holds approximately a 90% share of the market. This is an example of an oligopoly. monopolistic competition. a monopoly. perfect competition. The answer is found in Section 2.5 Anticompetitive Practices in Introduction to Business Ethics. Question 7 1 / 1 pts According to economist Milton Friedman corporations should focus on being socially responsible. officers of a corporation should consider the interests of all stakeholders. corporations should consider environmental issues as part of the decision-making process. a corporation should only be focused on making a profit and staying within the law. The answer is in Section 3.4 Threats to Ethical Corporate Culture in Introduction to Business Ethics. Question 8 1 / 1 pts Rehabilitation, retribution, and are reasons that society has for punishing individuals for crimes. revenge incapacitation embarrassment self-interest The answer is in Section 3.2 Punishing Corporations in Introduction to Business Ethics. Question 9 1 / 1 pts Which of the following statements is true about strategic misrepresentation? It is always illegal when used in business. It is misleading information used for financial gain. It is never used in business negotiations. It is an accepted business practice for all situations. The answer is in Section 3.4 Threats to Ethical Corporate Culture in Introduction to Business Ethics. Question 10 1 / 1 pts When a company pleads guilty to a crime and the government orders it to publish an apology, that is an example of a community service order. corporate shaming. corporate death penalty. a public service announcement. The answer is in Section 3.2 Punishing Corporations in Introduction to Business Ethics. Question 11 1 / 1 pts When a company’s leaders have the illusion of invulnerability that causes them to underestimate factors that lead to failure, this is an example of: strategic misrepresentation profit motive organizational schizophrenia groupthink The answer is in Section 3.4 Threats to Ethical Corporate Culture in Introduction to Business Ethics. Question 12 1 / 1 pts Which of the following is not a business structure recognized by the U.S. Internal Revenue Service? sole proprietorship partnership trust agreement s corporation The answer is in Section 3.1 The Nature of Corporations in Introduction to Business Ethics. Quiz Score: 12 out of 12