Practice Exam Matching Questions Match the following people with their views: (4) A. Martin Luther King, Jr. 1. Argued that and competitiveness are “Ethics inseparable.” (1) B. John Akers 2. countries need more sweatshops, not fewer. (2) C. Jeffrey Sachs 3. Argued that one and only social “The (3) D. Milton Friedman responsibility of business is to increase its profits.” 4. Argued that unjust law is not law at all.” “An True/False Questions F 1. T Immanuel Kant was a noted utilitarian thinker. F 2. T The shareholder model requires that business leaders consider the needs of employees when making decisions. F 3. T Modern China has experienced slower economic growth than did England during the Industrial Revolution. T 4. F John Stuart Mill’s ideas are consistent with business use of risk management and cost-benefit analyses. T 5. F Society as a whole benefits from ethical behavior. Multiple Choice Questions Milton Friedman was a strong believer in the _____________ model. He _______________ argue that a corporate leader's sole obligation is to make money for the company's owners. shareholder; did shareholder; did not stakeholder; did stakeholder; did not In the 1919 lawsuit Dodge v. Ford, the Dodge brothers and other major shareholders sued Henry Ford and his board of directors over nonpayment of dividends. The Michigan Supreme Court sided with _______________ Incorporation laws at the time ____________ companies to follow the shareholder model. Ford; required Ford; permitted The Dodge brothers; required The Dodge brothers; permitted
Practice Exam Matching Questions Match the following people with their views: (4) A. Martin Luther King, Jr. (1) B. John Akers (2) C. Jeffrey Sachs (3) D. Milton Friedman 1. Argued that “Ethics and competitiveness are inseparable.” 2. countries need more sweatshops, not fewer. 3. Argued that “The one and only social responsibility of business is to increase its profits.” 4. Argued that “An unjust law is not law at all.” True/False Questions 1. T F Immanuel Kant was a noted utilitarian thinker. 2. T F The shareholder model requires that business leaders consider the needs of employees when making decisions. 3. T F Modern China has experienced slower economic growth than did England during the Industrial Revolution. 4. T F John Stuart Mill’s ideas are consistent with business use of risk management and cost-benefit analyses. 5. T F Society as a whole benefits from ethical behavior. Multiple Choice Questions Milton Friedman was a strong believer in the _____________ model. He _______________ argue that a corporate leader's sole obligation is to make money for the company's owners. shareholder; did shareholder; did not stakeholder; did stakeholder; did not In the 1919 lawsuit Dodge v. Ford, the Dodge brothers and other major shareholders sued Henry Ford and his board of directors over nonpayment of dividends. The Michigan Supreme Court sided with _______________ Incorporation laws at the time ____________ companies to follow the shareholder model. Ford; required Ford; permitted The Dodge brothers; required The Dodge brothers; permitted
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