POLI330 CO Assessment Week 2 (All Correct answers) 2018 May

Question 1

(TCO 6) In a 100% capitalist structure, the owners are offered what advantages?

The owners understand that their efforts are not just for them, but for society as a whole.

They can make as much profit as they like, as long as they work hard and the market allows it.

They do not face the risk associated with large business ventures.

They don’t have to concern themselves with the welfare of their workers.

A and C

B and D

All of the above

None of the above

Question 2

(TCO 6) In a 100% capitalist structure, the owners face what challenges?

Their overuse of the raw resources can drive them out of business.

Overworking employees may lead to low productivity, and thus lower profits.

They are seen as equal to workers.

Understanding the demands of the market can be overwhelming.

A, B, and D

B and C

Al of the above

None of the above

Question 3

5 / 5 pts

(TCO 6) In a 100% socialist structure, the owners would be offered what advantages?

They would never lose everything, because the government would provide for their needs.

Even if they fail, they have the opportunity to rise again by starting new companies if they only put their minds to it.

They can use up as many raw resources they can get their hands on, allowing for more profit potential, as long as the market allows it.

They are placed in positions that suit them, so if being owners is too hard, or if they would not be successful in it, they would not be forced into positions in which to fail.

A and B

A and D

All of the above

None of the above

Question 4

(TCO 6) In a 100% socialist structure, the owners would be faced with what challenges?

They lose the opportunity to make and hold onto extreme profits.

They assume all the financial risk if their businesses fail.

They no longer can change careers because they “feel” like it.

They lose the ability to start new companies of their own.

A and C

B and D

A, C, and D

None of the above

Question 5

5 / 5 pts

(TCO 6) In a 100% capitalist structure, the workers are offered what advantages?

They can seek employment at any companies they like.

They have the opportunity to rise above their positions to become owners if they can.

The harder they work, the more they can earn.

They always have positions waiting for them.

A and B

A, B, and D

C and D

A, B, and C

Question 6

(TCO 6) In a 100% capitalist structure, the workers face what challenges?

Material perks are not readily available options.

They cannot always provide for their families.

They cannot rise above and become elites.

They receive no benefits to help with paying for the cost of their injuries.

A and C

B and D

All of the above

None of the above

Question 7

5 / 5 pts

(TCO 6) In a 100% socialist structure, the worker would be offered what advantages?

Their needs are always met, whether they can work or not.

The sky is the limit for them if they try.

They can rest easy, knowing that their work provides for the welfare of the people, not a “fat cat” owner.

Medical costs are no longer a concern.

A and C

B and D

A, B, and C

A, C, and D

Question 8

(TCO 6) In a 100% socialist structure, the worker would be faced with what challenges?

They may not always like the jobs that they do.

When injured, they earn no income.

They continually face the risk of unemployment.

There is not great opportunity to start over or do something new, because they must contribute to the cause.

A and D

B and C

All of the above

None of the above