Economics: Micro
The Case Against Corporate Social Responsibility
by Aneel Karnani
08/23/2010
http://online.wsj.com/article/SB10001424052748703338004575230112664504890.html
1. In his Wall Street Journal essay about corporate social responsibility, Prof. Aneel Karnani,
University of Michigan, contends that the idea that companies have a responsibility to act in the
public interest and will profit from doing so
a) meaningless.
b) should be the goal of every public corporation.
* c) is fundamentally flawed.
d) impossible.
e) feasible for every public corporation.
Hiring Spree Gets Long in the Tooth
by Liz Rappaport and Carrick Mollenkamp
08/23/2010
http://online.wsj.com/article/SB10001424052748703589804575445131261936148.html
2. The Wall Street Journal reports that Wall Street firms are considering contemplating job cuts
due to
a) the weak economy.
b) financial market volatility.
c) changes the way traders and investment bankers are paid.
d) regulatory upheaval.
* e) all of the above.
H-P Trumps Dell With Offer for 3PAR
by Ben Worthen
08/24/2010
http://online.wsj.com/article/SB10001424052748703846604575447161523031450.html
3. Hewlett-Packard Co. made an all-cash $1.6 billion offer for the data-storage company 3PAR,
trumping this company’s $1.15 billion offer a week earlier:
a) Apple Inc.
b) Lenovo Group Limited.
* c) Dell Inc.
d) International Business Machines.
e) Fujitsu Ltd.
E-Cigarettes Spark New Smoking War
by David Kesmodel and Danny Yadron
08/25/2010
http://online.wsj.com/article/SB10001424052748704557704575437710870116450.html
4. E-cigarettes are battery-powered tubes that turn nicotine-laced liquid into a vapor mist. Sellers
say they are potentially less harmful than cigarettes because they don't have the toxins of burning
tobacco. A growing number of people who use them say they are an effective way to quit
smoking. The Food and Drug Administration is fighting to
a) impose quotas on the importation of these products.
b) impose tariffs on the importation of these products.
c) impose a “buyer beware” policy.
d) ban these products.
* e) regulate these products.
Coffins Made With Brotherly Love Have Undertakers Throwing Dirt
by Jennifer Levitz
08/25/2010
http://online.wsj.com/article/SB10001424052748703846604575448083489852328.html
5. The Louisiana state funeral regulatory board, which is dominated by local funeral directors, is
trying to put a lid on the following activity of the Benedictine monks of St. Joseph Abbey, located
in Covington, La:
a) embalming services.
b) the sale of burial plots on their 287 acre estate.
* c) the production and sale of hand-crafted caskets.
d) all of the above.
e) none of the above.