BUSI 100 Final Exam Questions with Verified
Correct Answers
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
false
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
False
According to Thoreau, which of the following is the choicest of relics?
Books
Which of the following is a phrase from Thoreau?
"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.
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 effectively promoted." This statement
aligns most closely with the author of course reading?
Adam Smith
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
False
Which of the following writers suggested that money is symbolic of society's moral values?
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?
There are too many firms that report profits just above 0
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.
True
Professor Hendricks watches too many sports on TV. What sport was highlighted in the clip
that he showed during one lecture?
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
False
According to Plato, creativity is the mother of invention, capable of giving rise to a new
state.
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."
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?
The continued inability for the population to have their income cover their expenses
Daniel Defoe believes that there is a connection between the exactness of a tradesperson's
bookkeeping and the tradesperson's prosperity.
True
During lecture, we highlighted that an ironic component of Defoe's death was that he:
Died while hiding from his creditors
Correct Answers
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
false
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
False
According to Thoreau, which of the following is the choicest of relics?
Books
Which of the following is a phrase from Thoreau?
"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.
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 effectively promoted." This statement
aligns most closely with the author of course reading?
Adam Smith
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
False
Which of the following writers suggested that money is symbolic of society's moral values?
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?
There are too many firms that report profits just above 0
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.
True
Professor Hendricks watches too many sports on TV. What sport was highlighted in the clip
that he showed during one lecture?
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
False
According to Plato, creativity is the mother of invention, capable of giving rise to a new
state.
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."
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?
The continued inability for the population to have their income cover their expenses
Daniel Defoe believes that there is a connection between the exactness of a tradesperson's
bookkeeping and the tradesperson's prosperity.
True
During lecture, we highlighted that an ironic component of Defoe's death was that he:
Died while hiding from his creditors
