FSU HFT 4224 HOSPITALITY LEADERSHIP AND ETHICS EXAM 1 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ||ALREADY GRADED A+||NEWEST VERSION

FSU HFT 4224 HOSPITALITY LEADERSHIP AND
ETHICS EXAM 1 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
||ALREADY GRADED A+||NEWEST VERSION
Quiz: "The social responsibility of business is to increase profits"

Ans: Milton Friedman



Quiz: Business can provide what kind of outcome?

Ans: win (x5) which benefits everybody involved



Quiz: Who are the various stakeholders?

Ans: 1. Customers

2. Employees

3. Suppliers

4. Shareholders



Quiz: Modern work is...

Ans: alienating, specialized jobs are the problem



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, Quiz: Modern work makes people...

Ans: insecure, people are scared of losing their jobs



Quiz: Modern work makes people...

Ans: insecure, people are scared of losing their jobs



Quiz: Pay gap in Capitalism

Ans: Workers get paid little as capitalists get rich



Quiz: Crises of abundance causes capitalism to be...

Ans: unstable



Quiz: Who are the true heroes of free-enterprise capitalism?

Ans: Entrepreneurs



Quiz: What is the purpose of business?

Ans: Improve our lives and create value for stakeholders


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© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.