Integrity is becoming an increasingly important attribute for managers to possess. True False Question 2 (1 point) How does social media enable society to hold business more accountable? Your answer: Question 3 (1 point) Describe two ethical issues which will need to be addressed in an era of artificial intelligence (AI). Your answer: Question 4 (1 point) A system based on a capitalistic market virtually guarantees an equitable distribution of income. True False Question 5 (1 point) One advantage of virtue ethics is that there is general agreement as to what constitutes a virtue. True False Question 6 (1 point) There are very few legal requirements for an individual establishing or operating a business in Canada. True False Question 7 (1 point) Social media describes the various forms of interaction or communication enabled by technology-based tools, most of which are Internet based. True False Question 8 (1 point) The freedom of association' doctrine implies that incorporation should occur without government intervention. True False Question 9 (1 point) Legislative safeguards are imposed upon incorporation processes to create and preserve an atmosphere of public confidence, as well as to create protections for investors and creditors. True False Question 10 (1 point) How does globalization affect attitudes about business? Your answer: Question 11 (1 point) Competition legislation makes some types of trade practices illegal and attempts to encourage monopolization. True False Question 12 (1 point) Describe three advantages of competition. Your answer: Question 13 (1 point) Define the "right to private property" and provide four rationales for this right. Your answer: Question 14 (1 point) Frontier capitalism is practised in the United States. True False Question 15 (1 point) The barriers to entry existing in many industries and the need for increasing size to achieve efficiency may have led to profits higher than normal under perfect competition. True False Question 16 (1 point) The goal of a boycott is to damage the reputation of or place economic pressure on the business, organization, or country. True False Question 17 (1 point) Canada practises consumer capitalism. True False Question 18 (1 point) Canada's economic system is capable of taking into consideration social and ethical concerns. True False Question 19 (1 point) Government involvement in the market, for reasons other than laws relating to contractual arrangements, is considered to weaken efficiency. True False Question 20 (1 point) The ideal degree of competition is called perfect competition and only exists in the financial services sector. True False