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com

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 87

sec(s)

Question # 1 of 20 ( Start time: 08:52:08 PM ) Total Marks: 1

Which of the following economic principle is first posted by Adam Smith to describe that
the greatest benefit to a society is brought about by individuals in the pursuit of their own
self-interest?
Select correct option:

Free trade

Economic freedom

Positive sum game

Invisible hand

Haya g 

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 81

sec(s)

Question # 2 of 20 ( Start time: 08:52:49 PM ) Total Marks: 1

Who argued in response to the free market and utility by Adam Smith that government
should intervene because there is a mismatch between the aggregate supply and demand?
Select correct option:
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John Hicks

Maynard Keynes

Herbert Spencer

Charles Darwin

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Haya g  Time Left 83

sec(s)

Question # 3 of 20 ( Start time: 08:53:39 PM ) Total Marks: 1

Study of ethics lies under_________?
Select correct option:

Case Study
Normative Study
Descriptive Study
Philosophical Study

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 87

sec(s)

Question # 5 of 20 ( Start time: 08:57:27 PM ) Total Marks: 1

How many sources of income Capitalist systems offers?
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Select correct option:

4
3
2
5

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MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 89

sec(s)

Question # 6 of 20 ( Start time: 08:58:29 PM ) Total Marks: 1

Which of the following is TRUE regarding moral reasoning and its evaluation?
Select correct option:

Moral reasoning does not involve factual or descriptive judgments

Ordinary logical standards of validity do not apply to moral reasoning
Special logical standards of validity do not apply to moral reasoning
Moral reasoning involves normative or value judgments

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 85

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Question # 7 of 20 ( Start time: 08:59:38 PM ) Total Marks: 1

The Theory of Absolute Advantage was proposed by Adam Smith in?
Select correct option:
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1976
1876
1776
None of the above

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 85

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Question # 8 of 20 ( Start time: 08:59:57 PM ) Total Marks: 1

Modern corporations consist of?
Select correct option:

Stockholders
Directors and employees
Government agencies

Both a & b

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 86

sec(s)

Question # 9 of 20 ( Start time: 09:00:27 PM ) Total Marks: 1

John Locke proposed which concept?
Select correct option:
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Restricted market and justice

Free market and justice
Restricted market and rights
Free market and rights

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM www.vustudents.ning.com

Time Left 86
sec(s)

Question # 10 of 20 ( Start time: 09:01:21 PM ) Total Marks: 1

Which one of the following factors may become a reason of revising the moral standard
at maturity?
Select correct option:

Experience
Learning
Intellectual development
All of the above

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 89

sec(s)

Question # 11 of 20 ( Start time: 09:02:16 PM ) Total Marks: 1

An acquired disposition that is a valuable part of a morally good person, exhibited in the
person's habitual behavior is known as?
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Select correct option:

Moral responsibility
Moral ethics
Moral virtue
None of the above

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MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 83

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Question # 12 of 20 ( Start time: 09:03:10 PM ) Total Marks: 1

When does the ignorance not excuse the wrongful injury?
Select correct option:

Ignorance of fact
If a person is ignorant
The person did not act knowingly
One deliberately keeps oneself ignorant

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 87

sec(s)

Question # 13 of 20 ( Start time: 09:03:44 PM ) Total Marks: 1

Principles of reversibility and Universalizability proposed by?
Select correct option:
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John Rawls

Kantian
Carl Max
None of the above

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 69

sec(s)

Question # 14 of 20 ( Start time: 09:04:52 PM ) Total Marks: 1

Studies indicate that which economic system has more advantages among all the
systems?
Select correct option:

Open Economy
Closed Economy
Mixed Economy
None of the above

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 88

sec(s)

Question # 15 of 20 ( Start time: 09:05:45 PM ) Total Marks: 1

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Right action comes to be defined in terms of moral principles chosen because of their
logical comprehensiveness,universality, and consistency is known as?
Select correct option:

Interpersonal Concordance Orientation

Universal Ethical Principles Orientation
Social Contract Orientation
Law and Order Orientation

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 88

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Question # 16 of 20 ( Start time: 09:07:03 PM ) Total Marks: 1

Which of the following regulates production and exchange in a free market, according to
Adam Smith?
Select correct option:

Supply and demand

Supply and command

Demand only

Supply only

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM

Time Left
86
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Question # 18 of 20 ( Start time: 09:14:31 PM ) Total Marks: 1

Who proposed the concept of free market and utility?

Select correct option:

John Locke
Alasdair MacIntyre
John Rawls
Adam Smith

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM

Time Left 87
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Question # 19 of 20 ( Start time: 09:15:02 PM ) Total Marks: 1

The aim of the moral life is to develop the dispositions that we call virtues, and to
exercise them as well is referred to as?

Select correct option:

Ethics theory
Relationship theory
Virtue theory
None of the above

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM

Time Left 86
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Question # 20 of 20 ( Start time: 09:16:14 PM ) Total Marks: 1

Through utilitarianism offers a clear-cut method of calculating morality. What are the
number of problems identified in this method?

Select correct option:

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5
4
3
2

MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 88
sec(s)
Question # 1 of 20 ( Start time: 09:41:36 PM ) Total Marks: 1
Who proposed the concept of free market and utility?
Select correct option:
John Locke
Alasdair MacIntyre
John Rawls
Adam Smith

MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 83
sec(s)
Question # 2 of 20 ( Start time: 09:41:56 PM ) Total Marks: 1
Which one of the following is not the basis of an important critical method in ethics?
Select correct option:
Counter examples
Hypothetical examples
Literature examples
Both a & b

MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 85
sec(s)
Question # 3 of 20 ( Start time: 09:42:24 PM ) Total Marks: 1
Study which doest not try to reach any conclusions is called_________.
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Select correct option:

Pilot Study
Case Study
Normative Study
Descriptive Study

MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 84
sec(s)
Question # 4 of 20 ( Start time: 09:42:58 PM ) Total Marks: 1
Arthur Andersen was associated with?
Select correct option:
Enron
General Motors
Dell Computers
Wal-Mart
MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 81
sec(s)
Question # 5 of 20 ( Start time: 09:44:04 PM ) Total Marks: 1
Which philosopher of utilitarianism presents the cost-benefit analysis?
Select correct option:
Aristotle
Mill
Kant
Bentham
MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 84
sec(s)
Question # 6 of 20 ( Start time: 09:44:53 PM ) Total Marks: 1
Corporate actions do depend on?
Select correct option:
Corprate members
Legal persons
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Human individuals
None of the above

MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 88
sec(s)
Question # 8 of 20 ( Start time: 09:54:16 PM ) Total Marks: 1
Which one of the following does not have any contribution towards moral development?
Select correct option:
Gilligan
Kohlberg
Henry Fayol
None of the above
MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 83
sec(s)
Question # 9 of 20 ( Start time: 09:54:44 PM ) Total Marks: 1
According to Aristotle’s view, how do we learn virtue?
Select correct option:
By habit
By dialectical argument
By rational instruction
By learning from our mistakes
MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 86
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Question # 10 of 20 ( Start time: 09:56:01 PM ) Total Marks: 1
How many assumptions Ricardo proposed?
Select correct option:
2
3
4
None of the above
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MC090202991 : Syed Shajait Ali Bukhari

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Quiz Start Time: 09:41 PM

Time Left 80
sec(s)
Question # 11 of 20 ( Start time: 09:56:36 PM ) Total Marks: 1
Equality of income and equality of opportunity is refers to:
Select correct option:
Equality
Political equality
Economic equality
Human equality
MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 83
sec(s)
Question # 12 of 20 ( Start time: 09:57:40 PM ) Total Marks: 1
Survival of the best is school of thought known as?
Select correct option:
Social equity
Social Darwinism
Social Justice
None of the above

MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 79
sec(s)
Question # 13 of 20 ( Start time: 09:58:00 PM ) Total Marks: 1
John Maynard Keynes arguments were the most influential in economics, when they
become less convincing?
Select correct option:
1970
1980
1960
1990
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MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 86
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Question # 14 of 20 ( Start time: 09:58:49 PM ) Total Marks: 1
Which one of the following is not considered as category of issues involving justice?
Select correct option:
Distributive justice
Retributive justice
Compulsory justice
Compensatory justice
MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 83
sec(s)
Question # 16 of 20 ( Start time: 10:07:03 PM ) Total Marks: 1
Studies indicate that which economic system has more advantages among all the
systems?
Select correct option:
Open Economy
Closed Economy
Mixed Economy
None of the above
MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 85
sec(s)
Question # 17 of 20 ( Start time: 10:08:00 PM ) Total Marks: 1
Which of the following deals with the distribution of benefits and burdens, mostly in the
evaluation of social, political, and economic institutions?
Select correct option:
Retributive justice
Compensatory justice
Distributive justice
Ethical justice
MC090202991 : Syed Shajait Ali Bukhari
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MC090202991 : Syed Shajait Ali Bukhari

Quiz Start Time: 09:41 PM

Time Left 80
sec(s)
Question # 20 of 20 ( Start time: 10:14:29 PM ) Total Marks: 1
Which one of the following is not included as a part of moral standard?
Select correct option:
Values
Social class
Beliefs
Norms

Quiz Start Time: 09:41 PM

Time Left 88
sec(s)
Question # 18 of 20 ( Start time: 10:09:14 PM ) Total Marks: 1
Which of the following refers to the ability of a person or a country to produce a
particular good at a lower opportunity cost than another country?
Select correct option:
Absolute advantage
Comparative advantage
Resource efficiency
Natural advantage