The only social responsibility that a company has to its investors is an economic responsibility–it must make a profit.

Factors of production are common to all productive activities, regardless of the economic system.

Business owners and managers have a great deal of control over the internal environment of business, which covers the day-to-day business decisions.

To be a useful code of ethics, the code should offer broad policies and procedures rather than detailed rules.

A business is an organization that strives for profit by providing goods and services desired by its customers.

It is a firm’s responsibility to its customers to deliver what it has promised.

The distributive process by which the burdens and rewards that society has to offer are shared varies from society to society.

Some global corporations are large enough to create major changes in the external environment.

Are you allowed to search through the cell phone of a suspect in custody to help prove the case for which he was arrested? (LO 10.8) [BLANK-1] Which Supreme Court case decided this? [BLANK-2]

Which of the following situations does not justify an arrest without a warrant? (LO 10.5)