MNC CT9 3 - 5

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

• Market economy

• Command economy

• Traditional economy

• Mixed economy

What is an economic system where only the government makes the economic decisions? 

• traditional economy

• free enterprise 

• mixed economy

• centrally planned economy

The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

• Traditional 

• Market 

• Centrally Planned 

• Command 

A post-industrial society is a stage in a society's development during which the economy transitions from one that primarily provides goods to one that primarily provides ____________.

• durable goods

• services

• curvaceous

• blue collar jobs

A post-industrialized society, which is the next step after an industrialized society, is one in which the service sector dominates the manufacturing sector.

• False

• True

What are moral principles that governs behavior?

• facts

• ethics

• codes

• social responsibilities

_________ is making charitable donations to improve the welfare of society. 

• Social Responsibility 

• Philanthropy 

• Ethics

• The Protection Agency

The principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits is called ___________

 

• Philanthropy 

• Ethical Practice

• Social Responsibility

• Customer Response 

ocial Responsibility is not linked to employee commitment or customer loyalty.  

• TRUE 

• FALSE

What is a conflict of interest?

• A clash between a person's private interests and their responsibilities on a position of trust. 

• A group of ethical behaviors guidelines

• The study of behavior and morals 

• Payments made to secure special services for a business or special consideration.