Business Ethics MGT610
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• Quiz 02 covers lesson no.10-22 and (Total marks: 1 x 10 = 10)
• Last date for submission of quiz is April 21, 2016 before MID-Night
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Question # Option
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(You can consult Glossary in Course Content on Your LMS page of MGT610
to attempt the quiz)
Quiz No.2
Business Ethics MGT610
Q.1
According to John Locke, humans know that they have a right to liberty as a result of which of the following?
A. The principle of alienation
B. Communitarians
C. The law of free market
D. The law of nature
Q.2
Which of the following is NOT a challenge faced by utilitarian ethics?
Which of the following argued “if there were no governments, human beings would find themselves in a state of nature”?
A. John Keynes
B. John Rawls
C. John Locke
D. David Ricardo
Q.3
Which of the following statements is INCORRECT about Locke’s State of Nature?
A. All people are free and equal
B. No people are free and equal
C. Each person owns his body and labor, and whatever he mixes his labor into
D. People agree to form a government to protect their rights to freedom and property
Quiz No.2
Business Ethics MGT610
Q.4
Which one of the following is NOT the role of government in individualistic society?
A. Protect property
B. Enforce contracts
C. Keep market place open
D. A vision for community
Q.5
In which system slavery would be entirely legal?
A. Free market system
B. Command economy system
C. Voluntary exchange system
D. Pure free market system
Q.6
Due to which of the following reasons the economic perspective cannot stand alone as the basis for business decision making?
A. The “rules of the game” set by government alone
B. The market system itself has no ethical justification
C. The market system does not require ethics
D. Ethics influences economic behavior
Q.7
According to Adam Smith’s “Invisible Hand” argument, each individual in pursuit of personal gain is led by which of the following?
A. His own benefit, which was not part of his intention
B. His own self-interest, which was not part of his intention
C. The welfare of society, which was not part of his intention
D. The own welfare, which was not part of his intention
Q.8
Which of the following rights is embodied by perfectly competitive free markets?
A. Negative right of freedom from coercion
B. Positive right of freedom from coercion
C. Moral right of freedom from coercion
D. Ethical right of freedom from coercion
Quiz No.2
Business Ethics MGT610
Q.9
Which of the following is a weakness of virtue ethics?
A. Virtue ethics does not fit particularly well with our everyday moral experience
B. Virtue ethics fits well with our everyday moral experience
C. Virtue ethics is incomplete
D. There are no weaknesses in virtue ethics
Q.10
According to Adam smith, what should government do to advance the welfare of public?
A. Introduce healthcare systems
B. Regulate markets
C. Regulate markets only when necessary
D. Nothing
