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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 11-Epilogue.

Multiple Choice Questions

1. Michael Jensen refers to company stock options as what in Chapter 2?
(a) "Cocaine for businessmen."
(b) "A trough of money."
(c) "Wall Streets marijuana."
(d) "Managerial heroin."

2. According to the author, there are two lessons to be learned from a monopoly situation. What is the first?
(a) Governments should provide more services.
(b) Government shouldn't actually do the work of maintaining infrastructure.
(c) Governments should maintain the financial infrastructure more.
(d) Government shouldn't provide any service that could be covered by the private sector.

3. According to the author in Chapter 2, a horn from a black rhinoceros can fetch what amount on the black market?
(a) $120,000.
(b) $15,000.
(c) $30,000.
(d) $50,000.

4. In Chapter 2, the author discusses how the black rhinoceros is nearly extinct and that the horns are considered what?
(a) An evil potion.
(b) An alkaloid.
(c) A poison.
(d) An aphrodesiac.

5. Mark Miringhoff believes the nation should have what, as described in Chapter 9?
(a) An army, navy, and airforce.
(b) A "social report card."
(c) More laws on bankers.
(d) A "portfolio of morals."

Short Answer Questions

1. In Chapter 12, the author states that statistics clearly show that the world is growing more economically what?

2. What represents the original capital paid into or invested in the business by its founders?

3. Who led the Cuban Revolution?

4. In the Epilogue, the author discusses seven issues used to understand and improve the world. What is the first?

5. What is the fourth simple need of financial markets, as discussed in Chapter 7?

(see the answer key)

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