How many Americans believe that “if you work hard enough, you'll make it?”
Which statement accurately describes capitalism?
According to one survey of cultural values
Evidence for the idea that American manufacturing is declining is
Rather than strong work ethic, a common attitude is:
Which of the following historical stages of capitalism came first?
A basic premise of Adam Smith's invisible hand argument is
Karl Marx believed that
The concept of the "invisible hand" means
The profit motive
For the first time since the Industrial Revolution, less than _____ percent of the American workforce was employed by manufacturing.
The Fugger dynasty was an example of
Though many jobs are outsourced, most economists believe
An assessment of work in America is
Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. One of these occurs when
Which of the following contributed to the more relaxed incorporation procedures of modern times?
The best statement concerning corporations is
The debate over corporate moral agency hinges on which issue?
The “rules of the game” for corporate work are intended to
Melvin Anshen suggests that there is a relationship between business and society which he termed as
Corporations differ from partnerships and other forms of business association in two ways. One of these is that
A common point of contention about corporations is
The idea that corporations are moral agents
Milton Friedman’s perspective is that the only social responsibility of a business is to
Those with a broader view concerning business obligations believe that with power comes
Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in Chapter 5?
Adam Smith proposed that in our pursuit of economic interests we are led by
The first corporations
Most Americans believe a corporation’s top obligation is to its