BUSI 100 Final Exam.

BUSI 100 Final Exam. 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 - CORRECT ANSWER 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 - CORRECT ANSWER False According to Thoreau, which of the following is the choicest of relics? - CORRECT ANSWER Books Which of the following is a phrase from Thoreau? - CORRECT 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. - CORRECT 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 effectively promoted." This statement aligns most closely with the author of course reading? - CORRECT ANSWER 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 - CORRECT ANSWER False Which of the following writers suggested that money is symbolic of society's moral values? - CORRECT 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? - CORRECT ANSWER 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. - CORRECT ANSWER True Professor Hendricks watches too many sports on TV. What sport was highlighted in the clip that he showed during one lecture? - CORRECT 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 - CORRECT ANSWER False According to Plato, creativity is the mother of invention, capable of giving rise to a new state. - CORRECT 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." - CORRECT 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? - CORRECT ANSWER 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. - CORRECT ANSWER True During lecture, we highlighted that an ironic component of Defoe's death was that he: - CORRECT ANSWER Died while hiding from his creditors In 1970, Andrew Carnegie wrote an influential articl