PHI 445 Week 2 Quiz

PHI 445 Week 2 Quiz | Assignment Help | Ashford University 

Question 1

A few years ago, the Bolivian government leased water rights in some of the country’s poor, drought-stricken regions to private companies, including the U.S. engineering company Bechtel. Shortly after Bechtel took control in one area, water prices tripled, sparking protests. The privatization of water is an example of

Question 2

Which of the following statements is a criticism of capitalism?

Question 3

After Superstorm Sandy hit New Jersey, some businesses such as gasoline stations and car repair stores raised prices to bring in windfall profits off desperate customers. This is an example of price

Question 4

The original reason for the formation of the Federal Trade Commission (FTC) in 1914 was to

Question 5

Welfare capitalism and _________ are more modern versions of capitalism and socialism.

Question 6

When competitors agree to maintain prices at a certain level, this is called

Question 7

When a company’s leaders have the illusion of invulnerability that causes them to underestimate factors that lead to failure, this is an example of:

Question 8

Clorox produces a product called Green Works Cleaning Wipes. The wipes are advertised as biodegradable but the chemicals used and the plastic container are not biodegradable. This is an example of

Question 9

According to economist Milton Friedman

Question 10

Rehabilitation, retribution, and ________ are reasons that society has for punishing individuals for crimes.

Question 11

When a company pleads guilty to a crime and the government orders it to publish an apology, that is an example of

Question 12

________ is the idea that an investor’s liability is no greater than his or her financial stake in the business.