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This quiz consists of 5 multiple choice and 5 short answer questions through Forward - Chapter 3.

Multiple Choice Questions

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

2. In economics and sociology, what refers to any factor that enables or motivates a particular course of action or counts as a reason for preferring one choice to the alternatives?
(a) Incentive.
(b) Belief.
(c) Barrier.
(d) Punishment.

3. With uniform rules and regulations, the cost of doing business in the private sector is what, according to the author in Chapter 3?
(a) Raised.
(b) Lowered.
(c) Maintained.
(d) Prohibitive.

4. What refers to the degree to which a correct forecast of a system's state can be made either qualitatively or quantitatively?
(a) Index.
(b) Predictability.
(c) Recession.
(d) Security.

5. When was Douglas Ivester born?
(a) 1958.
(b) 1947.
(c) 1922.
(d) 1939.

Short Answer Questions

1. According to the author in Chapter 3, it's up to whom to consider the broad social consequences of decisions In a market economy?

2. What refers to reasoning which constructs or evaluates deductive arguments?

3. According to the author in Chapter 2, the average annual income is what in the location where black rhinoceros horns are worth much on the black market?

4. What contends that prices of publicly traded assets reflect all publicly available information?

5. When was Burton G. Malkiel born?

(see the answer key)

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