Quiz No.2Business Ethics MGT610Read following instructions carefully before attempting the quizsolution:⢠Quiz 02 covers lesson no.10-22 and (Total marks: 1 x 10 = 10 &9×10=90 for justification 400-500 each.)⢠Last date for submission of quiz is 7/11/2016.⢠Donât rely only on handouts, use recommended books as well⢠Make sure that you upload the quiz before the expiry of due date andtime. No quiz will be accepted through E-mail after the due date.⢠Cheating or copying is strictly prohibited; No credit will be given tocopied files.⢠You are required to create your files in Office 2003 version. Only wordformat files will be accepted.⢠Your quiz solution must be answered in the followingtabular format/shape: Given below.⢠Answer box is mandatory for solution otherwise your quiz will be markedas zero.⢠If you have any problem with your VULMS or uploading, then you can send your quiz through email within the time limit at mgt610@vu.edu.pkAnswer box:Question # Option01020304050607080910(You can consult Glossary in Course Content on Your LMS page of MGT610to attempt the quiz)Q.1According to John Locke, humans know that they have a right toliberty as aresult of which of the following?A. The principle of alienationB. CommunitariansC. The law of free marketD. The law of natureQ.2Which of the following is NOT a challenge faced by utilitarian ethics?Which of the following argued âif there were no governments, human beingswould find themselves in a state of natureâ? A. John KeynesB. John RawlsC. John LockeD. David RicardoQ.3Which of the following statements is INCORRECT about LockeâsState ofNature?A. All people are free and equalB. No people are free and equalC. Each person owns his body and labor, and whatever he mixes his laborintoD. People agree to form a government to protect their rights to freedom andpropertyQ.4Which one of the following is NOT the role of government inindividualisticsociety?A. Protect propertyB. Enforce contractsC. Keep market place openD. A vision for communityQ.5In which system slavery would be entirely legal?A. Free market systemB. Command economy systemC. Voluntary exchange systemD. Pure free market systemQ.6Due to which of the following reasons the economic perspectivecannot standalone as the basis for business decision making?A. The ârules of the gameâ set by government aloneB. The market system itself has no ethical justificationC. The market system does not require ethicsD. Ethics influences economic behaviorQ.7According to Adam Smithâs âInvisible Handâ argument, eachindividual inpursuit of personal gain is led by which of the following?A. His own benefit, which was not part of his intentionB. His own self-interest, which was not part of his intentionC. The welfare of society, which was not part of his intentionD. The own welfare, which was not part of his intentionQ.8 Which of the following rights is embodied by perfectly competitivefreemarkets?A. Negative right of freedom from coercionB. Positive right of freedom from coercionC. Moral right of freedom from coercionD. Ethical right of freedom from coercion Quiz No.2Business Ethics MGT610 Q.9Which of the following is a weakness of virtue ethics?A. Virtue ethics does not fit particularly well with our everyday moralexperienceB. Virtue ethics fits well with our everyday moral experienceC. Virtue ethics is incompleteD. There are no weaknesses in virtue ethicsQ.10According to Adam smith, what should government do to advancethe welfareof public?A. Introduce healthcare systemsB. Regulate marketsC. Regulate markets only when necessaryD. Nothing
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