Income and wealth inequalities are not problematic in a capitalist economic system.

 True
 False
Question 2 (1 point)
There are very few legal requirements for an individual establishing or operating a business in Canada. 

 True
 False
Question 3 (1 point)
Different stakeholders have different sources and expressions of power. When one stakeholder becomes too powerful, another stakeholder may act to counterbalance and restrict this power.

 True
 False
Question 4 (1 point)
Deontological theories of ethics are rule-based.

 True
 False
Question 5 (1 point)
The triple-E bottom line (3E) is the evaluation of a corporation's performance according to a summary of the economic, social or ethical, and environmental value the corporation adds or destroys.

 True
 False
Question 6 (1 point)
Until recently, business schools had largely neglected ethics and emphasized functional areas, some of which have focused on the financial rather than the social responsibilities of business.

 True
 False
Question 7 (1 point)
Intellectual property, such as an artist's ownership of music, is becoming increasingly important in Canada.

 True
 False
Question 8 (1 point)
One way to correct the uneven distribution of wealth among members of society is for the government to become involved or to abridge the right of private property.

 True
 False
Question 9 (1 point)
"Pay for performance" compensation schemes have lowered executive compensation levels in response to social pressures regarding excessively high salaries.

 True
 False
Question 10 (1 point)
Low priority stakeholders are supportive of an organization's course of action.

 True
 False
Question 11 (1 point)
Issues management refers not to social change, but to a process by which the organization responds to economic, social, and environmental issues.

 True
 False
Question 12 (1 point)
Canada's economic system is capable of taking into consideration social and ethical concerns.

 True
 False
Question 13 (1 point)
A monopoly occurs when there are few sellers in an industry and these sellers behave similarly.

 True
 False
Question 14 (1 point)
The goal of a boycott is to damage the reputation of or place economic pressure on the business, organization, or country.

 True
 False
Question 15 (1 point)
The issues management process, while helpful, does not ensure that the most salient or critical issues are addressed.

 True
 False
Question 16 (1 point)
It is argued that the private system is less cumbersome and less costly to run than a centralized, government-operated system, and that it is more responsive to society's needs because it allows individuals and business corporations to be more innovative.

 True
 False
Question 17 (1 point)
There is a tremendous amount of opposition to the stakeholder concept.

 True
 False
Question 18 (1 point)
Most people agree there is a universal way to approach ethics and as such, there is widespread agreement as to the appropriate behaviour by business in society.

 True
 False
Question 19 (1 point)
Economic freedom does not address the rights of individuals, only of business enterprises.

 True
 False
Question 20 (1 point)
It is consumers' evaluation of a business that determines whether it will survive.

 True
 False