philosophy multiple choice

According to Milton Friedman, managers should run corporations in the interests of shareholders/stockholders because that is what they have signed on to do as employees of the stockholders

-True

-False

True

According to Friedman, managers have responsibilities beyond those they assume voluntarily so they mi sometimes thwart even the legitimate goals of their shareholders

-True

-False

False

According to Edward Freeman, stockholders/shareholders are the owners of a corporation and so corporations should be run solely in their interests

-True

-False

False

According to Freeman, the managers of a corporation have no special role in the corporation: they are just another stakeholder group

-True

-False

False

According to Freeman, members of various stakeholder groups are really just means of production - like capital goods - and should be treated as such

-True

-False

False

According to Hochschild, many workers are required to fake certain emotions and emotional reactions on the job

-True

-False

True

Hochschild's concern about alienated labor is the same as that of Marx - workers only receive (via wages fraction of the value they create

-True

-False

False

According to the "Glass Floor" document, markets are the root cause of sexual harassment, not merely a place where the flaws of our society are on display

-True

-False

False

Localities (states, counties, cities) offering firms money (etc.) in order to attract, retain, or enhance economic activity is still a relatively rare practice.

-True

-False

False

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

-True

-False

False

According to Ellis, Hayden, and Rogers, Economic Development Incentives don't lead to a winner's curse because localities never overpay for firms

-True

-False

False

According to Shaw, affirmative action is a form of reverse job discrimination

-True

-False

False

According to Mullainathan, Kahnoman’s 'System 1’ (“Fast”) thinking helps explain the existence of employment discrimination.

-True

-False

True

According to Milton Friedman, managers should focus on stockholder/shareholder interests because

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

(B) stockholders are their natural superiors.

(C)doing so maximizes economic output.

(D)none of the above

as employees, that is what they have contracted to do.

Milton Friedman's argument for shareholder primacy is based in

(A)teleology

(B)feminism

(C) utilitarianism

(D) Libertarianism

Libertarianism

According to Milton Friedman, the limit on shareholder primacy is

(A) not violating the laws of the jurisdiction in which the firm is based.

(B) not undermining the social good.

(C) not violating anyone's autonomy.

(D) none of the above

not violating the laws of the jurisdiction in which the firm is based.

According to Freeman, which of the following parties are among the stakeholders in a firm's success?

(A)   the firm's stockholders

(B)   the firm's bondholders

(C) the local community

(D) all of the above

all of the above

According to Freeman, the "normative core" of stakeholder theory is

(A) feminism.

(B) property rights and moral constraints on those rights.

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

(D) none of the above

property rights and moral constraints on those rights.

According to Hochschild, emotional labor is..

(A) when an employer requires employees to induce or suppress emotions as part of the job.

(B) when a firm's workforce is too emotional to complete its work.

(C) both of the above

(D) none of the above

when an employer requires employees to induce or suppress emotions as part of the job.

According to the *Glass Floor" document, tipped workers who earn a sub-minimum wage experience inappropriate treatment from

(A) customers.

(B) co-workers.

(C) management.

(D) all of the above

all of the above

According to Ellis, Hayden, and Rogers it is

(A) easy to get good economic information about counterfactuals.

(B) obvious to most that Economic Development Incentives are just a giveaway to the rich.

(C) surprising to many that Economic Development Incentives do not work - they make some intuitive sense.

(D) none of the above

surprising to many that Economic Development Incentives do not work - they make some intuitive sense.

According to Ellis, Hayden, and Rogers, doing reasonable economic development incentives requires

(A) propitious circumstances that are unlikely to spark a "bidding war" for a firm.

(B) good information about economic counterfactuals, to avoid subsidizing the wrong firms.

(C) a full accounting of costs, not only of the incentives themselves, but also of the project being promoted.

(D) all of the above

all of the above

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

(A) only ambiguous

(B) very good

(C) no real

(D) none of the above

very good

 In 2016, the ratio of median family wealth between black families and white families was (approximately)

(A) 1:1 - black and white families had the same median family wealth.

(B) 1:10 - white families had 10 times the median family wealth of black families.

(C) 1:100 - white families had 100 times the median family wealth of black families.

(D) none of the above - we never even talked about median family wealth.

1:10 - white families had 10 times the median family wealth of black families.

According to Shaw, which of the following is not an example of job discrimination:

(A) an executive purposely disregards job applications from women because he believes they should be home taking care of their husbands and children.

(B) a national firm routinely transfers Hispanic employees around the country on temporary, low-level assignments where they function as little more than translators for their non-Hispanic colleagues.

(C) a manager's merit-pay recommendations are influenced by his implicit assumption that male employees are career oriented and have families to support, whereas female employees are there just to make a little extra money.

(D) none of the above - these are all examples of job discrimination.

 

none of the above - these are all examples of job discrimination.