UNC BUSI100 FINAL EXAM QUESTIONS & ANSWERS
ALREADY GRADED A+ LATEST UPDATE
According to Thoreau, which of the following is the choicest of relics? - (ANSWER)Books
According to Plato, creativity is the mother of invention, capable of giving rise to a new state. -
(ANSWER)False
Alexander Hamilton said: "the quick-sighted guidance of private interest, will, if left to itself, infallibly find
its own way to the most profitable employment; and it is by such employment that the public prosperity
will be most effectually promoted." This statement aligns most closely with the author of course
reading? - (ANSWER)Adam Smith
Carnegie argues that the law of equity and inclusion is to what we owe our wonderful material
development, which brings improved conditions in its train - (ANSWER)False
Carnegie describes the historical mode of manufacture as producing: - (ANSWER)crude articles at high
prices
Which of the following is a phrase from Thoreau? - (ANSWER)"The works of the great poets have never
been read by mankind for only great poets can read them"
In Smith's Wealth of Nations, he makes the argument that given equal profits between domestic and
foreign trade, a merchant is likely to put his greatest support into developing the foreign market. -
(ANSWER)False
Pacioli would agree that every merchant's main purpose is to arrange all business transactions in such a
systematic way that one may understand each one of them at glance - (ANSWER)False
In Atlas Shrugged, Ayn Rand writes that money is a living power that dies without its root, and that
money will not serve the mind that cannot match it. Which other author of a course reading express
similar thoughts? - (ANSWER)Andrew Carnegie
,UNC BUSI100 FINAL EXAM QUESTIONS & ANSWERS
ALREADY GRADED A+ LATEST UPDATE
Which of the following writers suggested that money is symbolic of society's moral values? -
(ANSWER)Rand
During class, Professor Hendricks highlighted a distribution from a research study that showed abnormal
distribution as it pertains to the reported amount of company profits. What statement best describes
the abnormality that was shown in the distribution? - (ANSWER)There are too many firms that report
profits just above 0
When coaching at Rutgers, 21-year old Jim Valvano told his student-athletes before their first game that
they would be successful if they "focus on three things, and three things only." Which of the following is
on his list? - (ANSWER)Family
During lecture, Professor Hendricks highlighted a recent report from the United Nations that indicated
there are fifty million people stuck in modern slavery, a significant increase from the last reported
number. - (ANSWER)True
Professor Hendricks watches too much sports on TV. What sport was highlighted in the clip that he
showed during one lecture? - (ANSWER)Tennis
During lecture, Professor Hendricks highlighted his research from a Harvard Business Review article that
showed solo founders are able to perform as well as co-founded ventures, even though the solo founder
is operating the firm without the help of any other individuals - (ANSWER)False
Plato writes, "The natural advantages which one country has over another, in producing particular
commodities, are sometimes so great, that it is acknowledged by all the world to be in vain to struggle
with them." - (ANSWER)False
In The Souls of Black Folk, W.E.B. Du Bois writes, "The keynote of the Black Belt is debt." What does he
describe this debt to be? - (ANSWER)The continued inability for the population to have their income
cover their expenses
,UNC BUSI100 FINAL EXAM QUESTIONS & ANSWERS
ALREADY GRADED A+ LATEST UPDATE
Daniel Defoe is believes that there is a connection between the exactness of a tradeperson's
bookkeeping and the tradeperson's prosperity. - (ANSWER)True
During lecture, we highlighted that an ironic component of Defoe's death was that he: - (ANSWER)died
while in hiding from his creditors
In 1970, Andrew Carnegie wrote an influential article in the New York Times arguing "there is one and
only one social responsibility of business - to increase its profits without deception or fraud." -
(ANSWER)False
Which of the following would Milton Friedman be most likely to disagree with? - (ANSWER)Big
corporations are responsible for the large wealth disparity, and managers should thus use the excess
profits to mediate disparity
Without ______________, Pacioli indicates that it is impossible for merchants "to conduct their
business, for they would have no rest and their minds would always be troubled." -
(ANSWER)Systematically arranging all transactions
Thoreau notes that most of his townsmen have learned to read, not only to keep accounts and not be
cheated in trade, but also as a noble intellectual exercise. - (ANSWER)False
Friedman believed that it is appropriate for a publicly held corporation to reduce the wages of its
employees in order for it to invest in an activity of general social interest. - (ANSWER)False
Under which of the following circumstances would Milton Friedman be most likely to tolerate the
manager of a publicly-owned corporation making a charitable contribution using the corporation's
money? - (ANSWER)The intent of the contribution is to improve the corporation's image so that more
people desire to purchase the company's products and services
, UNC BUSI100 FINAL EXAM QUESTIONS & ANSWERS
ALREADY GRADED A+ LATEST UPDATE
Which course reading provides the least support to this idea that business exists to facilitate exchanges
that are mutually beneficial between two parties? - (ANSWER)Milton Friedman
Defoe indicates that if it is too tedious to keep books exactly, partial book-keeping still provides many
benefits to the merchant. - (ANSWER)False
Du Bois writes that that the Emancipation of the slaves was a factor in helping to resolve the debt
problem that plagued the Black Belt throughout the 19th century. - (ANSWER)False
Which of the following phrases is from Thoreau? - (ANSWER)"The works of the great poets have never
yet been read by mankind, for only great poets can read them"
Adam Smith would not likely agree with the idea expressed in this Milton Friedman quote, "The hardest
thing in the world to understand is that people operating separately, through their joint relations with
one another, through market transactions, can achieve a greater degree of efficiency and of output than
can a single central planner." - (ANSWER)False
Adam Smith writes that "The general industry of the society can never exceed _______." -
(ANSWER)what the capital of the society can employ
Pacioli indicates that, "as we know", there are multiple things needed by any one who wishes to carry on
business carefully." Which item does he exclude? - (ANSWER)A business partner, or co-founder
Which author of one of our course readings is most likely to agree with Benjamin Franklin's quote that
"money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The
more of it one has, the more one wants." - (ANSWER)Ayn Rand
According to Rand, when men live by trade with force as the final judge, the best product/performance
will win. - (ANSWER)False
ALREADY GRADED A+ LATEST UPDATE
According to Thoreau, which of the following is the choicest of relics? - (ANSWER)Books
According to Plato, creativity is the mother of invention, capable of giving rise to a new state. -
(ANSWER)False
Alexander Hamilton said: "the quick-sighted guidance of private interest, will, if left to itself, infallibly find
its own way to the most profitable employment; and it is by such employment that the public prosperity
will be most effectually promoted." This statement aligns most closely with the author of course
reading? - (ANSWER)Adam Smith
Carnegie argues that the law of equity and inclusion is to what we owe our wonderful material
development, which brings improved conditions in its train - (ANSWER)False
Carnegie describes the historical mode of manufacture as producing: - (ANSWER)crude articles at high
prices
Which of the following is a phrase from Thoreau? - (ANSWER)"The works of the great poets have never
been read by mankind for only great poets can read them"
In Smith's Wealth of Nations, he makes the argument that given equal profits between domestic and
foreign trade, a merchant is likely to put his greatest support into developing the foreign market. -
(ANSWER)False
Pacioli would agree that every merchant's main purpose is to arrange all business transactions in such a
systematic way that one may understand each one of them at glance - (ANSWER)False
In Atlas Shrugged, Ayn Rand writes that money is a living power that dies without its root, and that
money will not serve the mind that cannot match it. Which other author of a course reading express
similar thoughts? - (ANSWER)Andrew Carnegie
,UNC BUSI100 FINAL EXAM QUESTIONS & ANSWERS
ALREADY GRADED A+ LATEST UPDATE
Which of the following writers suggested that money is symbolic of society's moral values? -
(ANSWER)Rand
During class, Professor Hendricks highlighted a distribution from a research study that showed abnormal
distribution as it pertains to the reported amount of company profits. What statement best describes
the abnormality that was shown in the distribution? - (ANSWER)There are too many firms that report
profits just above 0
When coaching at Rutgers, 21-year old Jim Valvano told his student-athletes before their first game that
they would be successful if they "focus on three things, and three things only." Which of the following is
on his list? - (ANSWER)Family
During lecture, Professor Hendricks highlighted a recent report from the United Nations that indicated
there are fifty million people stuck in modern slavery, a significant increase from the last reported
number. - (ANSWER)True
Professor Hendricks watches too much sports on TV. What sport was highlighted in the clip that he
showed during one lecture? - (ANSWER)Tennis
During lecture, Professor Hendricks highlighted his research from a Harvard Business Review article that
showed solo founders are able to perform as well as co-founded ventures, even though the solo founder
is operating the firm without the help of any other individuals - (ANSWER)False
Plato writes, "The natural advantages which one country has over another, in producing particular
commodities, are sometimes so great, that it is acknowledged by all the world to be in vain to struggle
with them." - (ANSWER)False
In The Souls of Black Folk, W.E.B. Du Bois writes, "The keynote of the Black Belt is debt." What does he
describe this debt to be? - (ANSWER)The continued inability for the population to have their income
cover their expenses
,UNC BUSI100 FINAL EXAM QUESTIONS & ANSWERS
ALREADY GRADED A+ LATEST UPDATE
Daniel Defoe is believes that there is a connection between the exactness of a tradeperson's
bookkeeping and the tradeperson's prosperity. - (ANSWER)True
During lecture, we highlighted that an ironic component of Defoe's death was that he: - (ANSWER)died
while in hiding from his creditors
In 1970, Andrew Carnegie wrote an influential article in the New York Times arguing "there is one and
only one social responsibility of business - to increase its profits without deception or fraud." -
(ANSWER)False
Which of the following would Milton Friedman be most likely to disagree with? - (ANSWER)Big
corporations are responsible for the large wealth disparity, and managers should thus use the excess
profits to mediate disparity
Without ______________, Pacioli indicates that it is impossible for merchants "to conduct their
business, for they would have no rest and their minds would always be troubled." -
(ANSWER)Systematically arranging all transactions
Thoreau notes that most of his townsmen have learned to read, not only to keep accounts and not be
cheated in trade, but also as a noble intellectual exercise. - (ANSWER)False
Friedman believed that it is appropriate for a publicly held corporation to reduce the wages of its
employees in order for it to invest in an activity of general social interest. - (ANSWER)False
Under which of the following circumstances would Milton Friedman be most likely to tolerate the
manager of a publicly-owned corporation making a charitable contribution using the corporation's
money? - (ANSWER)The intent of the contribution is to improve the corporation's image so that more
people desire to purchase the company's products and services
, UNC BUSI100 FINAL EXAM QUESTIONS & ANSWERS
ALREADY GRADED A+ LATEST UPDATE
Which course reading provides the least support to this idea that business exists to facilitate exchanges
that are mutually beneficial between two parties? - (ANSWER)Milton Friedman
Defoe indicates that if it is too tedious to keep books exactly, partial book-keeping still provides many
benefits to the merchant. - (ANSWER)False
Du Bois writes that that the Emancipation of the slaves was a factor in helping to resolve the debt
problem that plagued the Black Belt throughout the 19th century. - (ANSWER)False
Which of the following phrases is from Thoreau? - (ANSWER)"The works of the great poets have never
yet been read by mankind, for only great poets can read them"
Adam Smith would not likely agree with the idea expressed in this Milton Friedman quote, "The hardest
thing in the world to understand is that people operating separately, through their joint relations with
one another, through market transactions, can achieve a greater degree of efficiency and of output than
can a single central planner." - (ANSWER)False
Adam Smith writes that "The general industry of the society can never exceed _______." -
(ANSWER)what the capital of the society can employ
Pacioli indicates that, "as we know", there are multiple things needed by any one who wishes to carry on
business carefully." Which item does he exclude? - (ANSWER)A business partner, or co-founder
Which author of one of our course readings is most likely to agree with Benjamin Franklin's quote that
"money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The
more of it one has, the more one wants." - (ANSWER)Ayn Rand
According to Rand, when men live by trade with force as the final judge, the best product/performance
will win. - (ANSWER)False
