Phil exam

According to Friedman, managers have responsibilities beyond what they voluntarily assume.

false

According to Edward Freeman, shareholders are owners so corporations should be run only in their interests.

false

According to Milton Friedman… managers should run corporations in shareholders’ interests because that’s what they signed on to do.

true

According to Freeman, managers have no special role; they’re just another stakeholder.

false

According to Freeman, stakeholders are just means of production and should be treated that way.

false

According to Hochschild, many workers must fake emotions on the job.

true

Hochschild’s concern about alienated labor is the same as Marx’s.

false

According to the “Glass Floor” document, markets are the root cause of sexual harassment.

false

Local governments giving firms money to attract business is rare.

false

According to Ellis, Hayden, and Rogers, Economic Development Incentives are highly effective.

false

According to Ellis, Hayden, and Rogers, incentives don’t lead to a winner’s curse because governments never overpay.

false

According to Shaw, affirmative action is reverse discrimination.

false

According to Mullainathan & Kahneman, System 1 thinking helps explain employment discrimination.

true

According to Milton Friedman, managers should focus on shareholders because:

(a) as employees, that is what they have contracted to do

Milton Friedman’s argument is based in:

(d) Libertarianism

According to Milton Friedman, the limit on shareholder primacy is:

(a) not violating the laws of the jurisdiction

According to Freeman, stakeholders include:

(d) all of the above

According to Freeman, the “normative core” of stakeholder theory is:

(c) a set of moral narratives, one for each stakeholder group

According to Hochschild, emotional labor is:

(a) when an employer requires employees to manage emotions

According to the “Glass Floor” document, tipped workers experience bad treatment from:

d) all of the above

According to Ellis, Hayden, and Rogers it is:

(c) surprising that incentives don’t work — they make sense intuitively

According to Ellis, Hayden, and Rogers, reasonable incentives require

d) all of the above

According to Shaw, there is ______ evidence that racial disparities are caused by discrimination.

(b) very good

According to Shaw, which is NOT an example of job discrimination?

(d) none of the above — these are all examples of job discrimination