17. The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with a. Adam Smith. b. Theodore Levitt. c. Norman d. Herman Miller e. Milton Friedman. e ANSWER: 1 POINTS: Easy DIFFICULTY: p. 40 REFERENCES: 2.4: Delineate a stakeholder orientation in creating corporate social LEARNING OBJECTIVES: Delineate a stakeholder orientation in creating corporate social responsibility responsibility: United States - BUSPROG: Ethics NATIONAL STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities STATE STANDARDS: Blooms: Knowledge KEYWORDS: 18. The originator of the idea of the is a fundamental concept in free market capitalism, was a. invisible hand, Adam Smith. b. Theodore Levitt. c. Norman Bowie. d. Herman Miller e. Milton Friedman. a ANSWER: 1 POINTS: Easy DIFFICULTY: p. 40 REFERENCES: 2.4: Delineate a stakeholder orientation in creating corporate social LEARNING OBJECTIVES: responsibility United States - BUSPROG: Ethics NATIONAL STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities STATE STANDARDS: Blooms: Knowledge KEYWORDS:
17. The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with a. Adam Smith. b. Theodore Levitt. c. Norman d. Herman Miller e. Milton Friedman. ANSWER: e POINTS: 1 DIFFICULTY: Easy REFERENCES: p. 40 LEARNING OBJECTIVES: 2.4: Delineate a stakeholder orientation in creating corporate social responsibility: Delineate a stakeholder orientation in creating corporate social responsibility NATIONAL STANDARDS: United States - BUSPROG: Ethics STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities KEYWORDS: Blooms: Knowledge 18. The originator of the idea of the invisible hand, is a fundamental concept in free market capitalism, was a. Adam Smith. b. Theodore Levitt. c. Norman Bowie. d. Herman Miller e. Milton Friedman. ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: p. 40 LEARNING OBJECTIVES: 2.4: Delineate a stakeholder orientation in creating corporate social responsibility NATIONAL STANDARDS: United States - BUSPROG: Ethics STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities KEYWORDS: Blooms: Knowledge
test-bank-business-ethics-10th-edition-ferrell.docx