Easy
Unscramble: LAICSO TCOCNART
LAICSO TCOCNART
What does the Social Contract describe?
A) A legal document between employers and employees
B) The extent to which people and corporations surrender power for the benefit of a better functioning society
C) A business agreement between two companies
D) A government treaty with foreign nations
Answer: B) The extent to which people and corporations surrender power for the benefit of a better functioning society
If this word is "European housing boom," then what caused the big money problem in 2008?
A) European housing boom
B) U.S. subprime collapse
B) U.S. subprime collapse
Unscramble: IFORTP MXIMTAOAIIZN
IFORTP MXIMTAOAIIZN
Who developed Classical Liberalism in the 17th century?
A) Jeremy Bentham
B) John Stuart Mill
C) John Locke
D) Adam Smith
Answer: C) John Locke
If management is "thinking about society and not just the company," then what should they NOT do?
A) Only think about the company
B) Think about society too much
A) Only think about the company
CAYNEG MEBRPLO
AGENCY PROBLEM
What is the optimal position for society according to Utilitarianism?
A) The survival of the fittest
B) The greatest good of the greatest number
C) Individual freedom above all else
D) Maximum profit for corporations
Answer: B) The greatest good of the greatest number
If the free market makes "lots of problems," then what does it actually do?
A) Creates balance and fairness
B) Creates only problems
A) Creates balance and fairness
Unscramble: TKERAM LAREIFUL
MARKET FAILURE
Question 4: Bretton Woods Agreement
What year was the Bretton Woods Agreement established?
A) 1929
B) 1939
C) 1944
D) 1950
Answer: C) 1944
If investors "watch managers very closely," then what did they NOT do?
A) Ignore what managers did
B) Watch managers closely
A) Ignore what managers did
Unscramble: ITAISUIMIATRNL
UTILITARIANISM
Question 5: Market Systems
What two features describe the modern world according to the presentation?
A) Technology and innovation
B) Democracy and freedom
C) Globalization and free market
D) Regulation and control
C) Globalization and free market
If there are "strong rules to stop bad money moves," then what really causes money problems?
A) Strong rules stop problems
B) Weak rules let bad things happen
B) Weak rules let bad things happen