1.
ARCO, Chevron, and Mobil are all descendents of the 1911 breakup of the Standard Oil Trust.
2.
ExxonMobil today has a centralized and authoritarian structure.
3.
Profit is an overriding goal at ExxonMobil today.
4.
Fadel Gheit, a former employee of
ExxonMobil, is quoted in an April 2007 Fortune magazine article as
saying that ExxonMobil "is not a fun place to work."
5.
According to the text, the advent of the market economy reshaped human life.
6.
According to Adam Smith, the ceaseless tendency of markets was to make commodities cheaper, better, and more available.
7.
Through markets that harnessed
the constant energy of greed for the public welfare, Adam Smith
believed that nations would achieve universal opulence.
8.
The prescriptive dimension of the market capitalism model led to the rise of the economic philosophy known as laissez-faire.
9.
People who embraced the economic
philosophy of laissez-faire believed that government intervention in
(regulation of) markets (and market participants) is unnecessary
because market forces are benevolent and, if liberated, will channel
economic resources to meet society's needs.
10.
People who embraced the economic
philosophy of laissez-faire believed that, if free competition exists,
the market will hold profits to a minimum and the quality of products
and services will rise as firms try to attract more buyers.
11.
The four conclusions that the market capitalism model leads us to about what the BGS relationship should be like have shaped economic values in the industrialized West.
12.
Critics of capitalism claim that capitalism creates prosperity only at the cost of rising inequality.
13.
Some critics of capitalism and the market capitalism model believe that capitalism erodes virtue.
14.
In his later years, Adam Smith grew to see more need for government intervention in markets.
15.
Marxism, an ideology opposed to
industrial capitalism, emerged in Europe about the same time as the
American and Japanese populist movements.
16.
The stakeholder model reorders the priorities of management away from those in the market capitalism model.
17.
In the stakeholder model, stakeholder interests have intrinsic worth.
18.
Stakeholder management creates duties toward multiple constituents of the corporation.
19.
ExxonMobil descends from
A. 
the Standard Oil Trust, incorporated in 1882.
B. 
The Exxon Petrochemical corporation, incorporated in 1942.
C. 
The Mobil Manufacturing Company, incorporated in 1962.
D. 
The Exxon Valdez Corporation, incorporated in Alaska in 1972.
20.
According to the chapter opener vignette on page 1, a company's "culture" consists of
A. 
The stories and myths that are passed on from generation to generation by the employees of the company.
B. 
The attitudes and strategies of a company's employees.
C. 
the shared assumptions, both spoken and unspoken, that animate the company's employees.
D. 
21.
According to the chapter opener vignette, Standard Oil once had more than _____ percent of the American oil market.
A. 
B. 
C. 
D. 
22.
Standard Oil's power so offended public values that in 1890
A. 
Over 90% of its employees engaged in a walk-out that shut down production for a week.
B. 
9 out of 10 people surveyed said they thought the government should do something about it.
C. 
Congress pass the Sherman Antitrust Act to outlaw its (particular kind of) monopoly.
D. 
23.
Today, ExxonMobil pumps about ____ percent of the world's daily output of oil.
A. 
B. 
C. 
D. 
24.
In the United States alone, approximately ______ federal agencies and bureaus impose rules and standards on ExxonMobil.
A. 
B. 
C. 
D. 
25.
For years, ExxonMobil has agitated environmentalists by
A. 
Paying dictators for access to oil.
B. 
Allowing Indonesian troops to guard its facilities against rebel attack, who occasionally attack area natives sympathetic to the rebels.
C. 
rejecting the scientific case for global warming.
D.