1.
In his article “Is business bluffing ethical?,” Albert Carr makes a distinction between an “unethical” poker player and a “crook.”
Answer
True
False
1 points
Question 2
1.
According to Milton Friedman, all of the following are reasons not to use corporate funds to serve social causes EXCEPT:
Answer
| | It’s a form of taxation without representation | | | It’s shortsighted and doesn’t consider the long-term impacts of such spending | | | It undermines the market system | | | It avoids the coercion of non-voluntary parties |
1 points
Question 3
1.
The taxing and spending clause of the U.S. Constitution has had a greater impact on business than any other clause in the Constitution.
Answer
True
False
1 points
Question 4
1.
A law that has any impact on religion is unconstitutional.
Answer
True
False
1 points
Question 5
1.
The Financial Institutions Association would like a certain law enacted, administered, interpreted, and enforced in the best interest of its members, which include banks. Under the Constitution, Congress
Answer
| | administers the laws. | | | enforces the laws. | | | interprets the laws. | | | makes the laws. |
1 points
Question 6
1.
The state of New York regulates private activities to protect or promote the public order, health, safety, and general welfare under its
Answer
| | police powers. | | | taxing powers. | | | spending powers. | | | supremacy powers. |
1 points
Question 7
1.
Reusable Energy Corporation regularly expresses opinions on political issues. Under the First Amendment, corporate political speech is
Answer
| | discouraged. | | | forbidden. | | | protected. | | | required. |
1 points
Question 8
1.
There is a specific guarantee of a