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1. According to Aristotle, there are ___________ kinds of virtues.

a. two

b. three

c. four

d. five

2. ____________ virtues result from the proper functioning of the higher aspects of human beings.

a. Moral

b. Intellectual

c. Character

d. Ethical

3. ___________ virtues come about from the proper control by reason of the bodily appetites and


a. Moral

b. Intellectual

c. Character

d. Ethical

4. According to Aristotle, we become virtuous _____________.

a. at birth

b. with practice

c. when we are at our height of moral enlightenment

d. none of the above

5. The _____________ of a person is the sum of his or her virtues and vices.

a. character

b. beliefs

c. attitude

d. actions

6. The technique of moving to another level to find a solution is called:

a. ethical arrangement.

b. ethical displacement.

c. ethical replacement.

c. ethical awareness.

7. In law, ___________ liability means that no excusing conditions are accepted or applicable.

a. strict

b. closed

c. firm

d. absolute

8. Moral ___________ is the feeling of sorrow for our immoral actions, together with an intention

not to perform similar actions in the future.

a. remorse

b. guilt

c. regret

d. consequences

9. One way of evaluating economic systems is a(n) ____________ approach.

a. open-state

b. end-state

c. productive

d. none of the above

10. Which of the following is not a true statement?

a. In a free-market system, government controls everything.

b. In a free-market system, government does not set the price of goods.

c. In a free-market system, government does not set wages.

d. In a free-market system, government does not control production.

11. Historically, there have been ___________ types of relations between government and


a. four

b. five

c. six

d. eight

12. Marxists claim capitalism is inherently immoral:

a. because it cannot exist without robbing the worker of his due.

b. because it necessarily involves the alienation of human beings.

c. at the present time because it protects the vested interest of the few and prevents the

many from achieving a better, more just society.

d. all of the above.

13. _____________ is usually a corollary of assuming a certain position, function, or role in society

or an organization.

a. Moral responsibility

b. Role responsibility

c. Function responsibility

d. Ethical responsibility

14. One variant of the Myth of Amoral Business is:

a. Organizational View.

b. Moral Person View.

c. Ethical View.

d. None of the above.

15.There are __________ specific defining features of the model of classical capitalism.

a. two

b. three

c. four

d. five

16. One of the features of the partial model of socialism is:

a. social ownership of the means of production.

b. private ownership.

c. control of production.

d. none of the above.

17. Under the capitalistic system, Marx observes ____________ come to dominate people.

a. immoral behavior

b. greed

c. objects

d. wealth

18. According to ____________, government should neither tax people nor redistribute income

through welfare and other similar programs.

a. capitalists

b. socialists

c. libertarian

d. none of the above

19. ___________ see government as inextricably intertwined with big business.

a. Capitalists

b. Socialists

c. Libertarians

d. Advocates of Workers’ Democracy

20. Surplus Value, a Marxist terminology, is also known as:

a. profit.

b. loss.

c. a greater abundance of goods.

d. a greater abundance of workers.

21. Through its ____________, the American government encourages charitable giving.

a. economic system

b. tax system

c. political system

d. judicial system

22. Concerning the role of government and business, the typical libertarian is a(n):

a. minimalist.

b. anarchist.

c. advocate of government control.

d. none of the above.

23. Historically, business has not been ____________.

a. libertarian

b. capitalistic

c. socialist

d. none of the above

24. ___________ historically suffers from cyclical crises.

a. Capitalism

b. Workers’ democracy

c. Socialism

d. All of the above.

25. The American economic system is sometimes called a ___________.

a. capitalistic-enterprise system

b. free-enterprise system

c. closed-enterprise system

d. none of the above

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Bizhelp, CPA
Category: Homework
Satisfied Customers: 5884
Experience: Bachelors Degree and CPA with Accounting work experience
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