1 . Which is NOT a requirement for a facility to be considered a sweatshop?a. unmitigated health and safety hazardsb. high temperaturec. poor working conditionsd. unfair wages
2. which organizational layer can be said to generate specific plans and instructions from broad directions?a. operating layerb. middle managementc. top managementd. none of the above
3.. Whistle blowing can have what consequence?a. being ostrcized at workb. loss of employemntc. negative reputationd. all of the above
4. How have most businesses adapted to information technology developments?a. they have become larger and more unwidelyb. they have become more hierarchicalc. they have flatter, smaller and more nimble.d. they have become more profitable
5. How much of General Electric’s revenues is from outside the United States?a. noneb. one quarterc. almost halfd. more than half
6. UNOCAL worked witih the Burmese army to push the pipeline usinga. low-wage workersb. forced laborc. unethical land reclamation schemesd. none of the above
7 How did Eli Lilly test its pharmaceuticals?a. by recruting individuals from a wide swathe of societyb. by recruting the homlessc. by recruting prisonersd. by recruting middle-class workers
8. Which philosopher’s theory of moral virtue states that virtues are habits that enables a person to live according to reason, by habitually choosing the mean between extremes in actions and emotions?
a. Immanuel Kant
b. Pincoffs
c. Aristotle
d. St. Thomas Aquinas
9. What is the ” hardwired” Intention Principle?a. Harming by action is worse that harming by omissionb. Harming by omission is worse than harming by ignorancec. Harming by physical contact is worse that without physical contact.d. Harming anyone for any reason is wrong
10. What is the main purpose of rights?a. to provide everyone with necessities such as food and waterb. to provide justice and fairness to allc. to enable individual to choose freely and to protect those choicesd. to keep people from harming each other
11. which of the following is an ethical rule governing contracts?a. the contract must be fairb. the contract must be enforceeablec. the contract must be specificd. the contract must not be immoral
12 According to the International Labor organization, how many children are estimated to be working today?a. 500,00.00b. 13 millionc. 122 milliond. 218 million
13.During the financial crisis in 2008 , Georgia W. Bush asked U.S. Congress to pass legislation to create a Troubled Asset Relief Program(TARP) in the amount of ______
a. $1 trillion
b. $90 billion
c. $80 billion
d. $70 billion
14. According to Marx, what are the only sources of income in a capitalist system?a. sale of one’s own laborb. sale of one’s means of production and private propertyc. sale of one’s labor and ownership of means of productiond. profiting from the labor of others and ownership of means of production
15. What did Marx believe to be the actual function of government?a. encourage nationalismb. protect the interest of the ruling classc. spread wealth within the borders of the countryd. set up a system of labor
16. China and Singapore are example of what types of economies?a. ones that favor free markets and globalizationb. ones that favor individuals property rightsc. one that favor government interventiond. one that favor competition
17. In the ADM case, what did ADM and the other companies do to fix the market prices for lysine?a. they bullied the buyers into accepting a specific priceb. They agreed on the price for which the companies sold the product, and they agreed on limits of production.c. they each agreed to produce only a certain amount of lysine per yeard. They agreed on the price for which the companies would sell the product, but they were free to produce as much as they liked.
18. Which of the following is a characteristic of a perfectly free economy?a. There are only a few buyers and sellers who have a substantial share of the market.b. Goods being sold in the market are extremely similar to one anotherc. the government regulates prices of goods being bought and sold in the market.d. None of the above
19. Which view regarding oligopolies argues that oligopolies stifle competition and should be broken up?a. the antitrust viewb. the do- nothing viewc. the regulation viewd. none of the above
20. Which of the following would negatively impact the effectiveness of market theory consumer protection?
Low prices
Monopolies
High prices
Many competitors
21. Which of the following would be considered a deceptive advertisement?
A. One in which the author accidentally includes information he or she knows to be falseB. One in which the author purposely includes information he or she knows to be falseC. One in which the author includes false information that is obviously false to the audienceD. All of the above
22. The social cost view improves utility in what way?
A. Improves employment through greater manufacturing outputB. Decreases workplace accidents through government regulationC. Internalizes the costs of injuries and accidents to the manufacturerD. All of the above
23. Which is NOT a view on the duty of a business to its customers?A. duty of care viewB. social costs viewC. contract viewD. normative view
24. According to a 2001 study, how many tons of toxic pesticides do U.S. companies export to other nations every hour?
a. 1 ton
b. 90 tons
c. 45 tons
d. 200 tons
25. Which, on average, will have the largest negative impact on expected income?A. being femaleB. being HispanicC. being blackD. being male
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