Questions On The Foundations Of Business

According to the great learning of Confucian, we must produce more than we consume for the purpose of an abundance. This means that in order to have an abundance of resources or wealth, we need to be productive and generate more than what we use or consume. This principle emphasizes the importance of productivity and the need to avoid excessive consumption in order to achieve prosperity and abundance.

Theory of Added Value- everything has a certain degree of value and you change things into forms that have economic value. Kennecott takes ore and they move it on to add value, sells it to a processor (for $10) and they turn it into a bar then sells it to processor two (for $15) which turns it into the copper wire and other formed parts and sells it to processor three (for $20) which turns it into coins and electric wire who then sell it contractors and banks (for $25) who then sell it to the consumers (for $30) which completes adding value and ends with the consumer

The given correct answer is "thesis". This answer is appropriate because a thesis is a statement or theory that is put forward as a premise to be maintained or proved. In the context of the question, it implies that history is progressing towards a state of god consciousness, starting from a status quo or a current state of affairs. The thesis acts as the foundation or starting point for this progression.

The process of capitalization involves gathering up labor, building ships, acquiring land, and having an entrepreneurial visionary who uses all of these resources to create a business. In this context, "capital" refers to the financial resources and assets that are used to start and operate a business. It includes money, machinery, equipment, buildings, and other tangible and intangible assets that contribute to the production and growth of a company. Capital is essential for businesses to invest in their operations, expand their reach, and generate profits.

In Goethe's "Faust," the protagonist, Faust, is on a quest to find his soul in the realm of business. This suggests that Faust is searching for meaning and fulfillment in his life, and believes that he can find it through his pursuits in the business world. The concept of the soul represents a deeper, spiritual aspect of oneself, and Faust's desire to find it implies a longing for a greater purpose beyond material success.

Scarcity- history is based on scarcity because it has all been about the struggle of our resources inherited by our ancestors and the limited quantity of these resources. Scarcity is either created by human nature (created scarcity Gameboy, powerful hunter controls food supply) and physical scarcity (volcanoes, floods, hurricanes)

The statement is true because these four requirements are indeed essential for capitalism to function. Land refers to the natural resources and physical space that are necessary for production. Labor refers to the workforce and their skills and abilities. Capital refers to the financial resources and tools needed for production. Lastly, entrepreneurship refers to the individuals who take risks and innovate in order to create and manage businesses. All four requirements work together to create a capitalist system where goods and services are produced and exchanged for profit.

In the given context, the term "managerial" suggests that Columbus had a strategic and organized approach in his exchange with the Indians. He would engage in exchange not only to establish a relationship but also to create willing partners. This indicates that he had a plan and was actively managing the interactions. Additionally, the mention of showing his power through firing weapons implies a sense of control and authority, which aligns with a managerial style of leadership.

Aristotle believed that the common people have the ability to discern their needs and choose a society based on those needs. He believed that needs are natural and that individuals have the capacity to determine whether they should live in a society that aligns with their natural needs or in an unnatural society.

Business Study- study nature (the emblem of god), he cuts out ice and sells it, grew veggies and sold them, only worked six weeks to cover everything, become more efficient in business so you don’t have to work as many hours

transcendental- Beyond common thought or experience; mystical or supernatural. self-actualization- To develop or achieve one's full potential.

The statement suggests that in a capitalist society, there is a focus on unlimited profit, continuous growth, and individual self-interest. It also acknowledges that some government regulations may be in place to ensure fairness and prevent exploitation. This aligns with the values typically associated with a capitalist system, making the statement true.

Tale of Gyges and Meaning- Gyges finds a ring that has an ability to turn him invisible, he then uses the ring to rape the queen and kill the king to rise to the top of this business-oriented society. The meaning is that given an advantage in a business society one uses it only to get ahead and benefit them. Business society harbors/promotes a negative psyche for people in or around it. If you give a just man and an unjust man the ring they will both take advantage of their situation and use it for bad. Gyges is deception

Structure of an Ideal City- basically it would be those who provide basic needs i.e. farmer for food, builder for homes, cobbler and weaver for clothes. Not those who provide wants. A city that makes the things we need.

Christopher Columbus is the best historical figure that describes the given insert because he gathered men (labor) to accompany him on his voyages, built ships (capital) to explore new lands, sought a place to set up (land) colonies, and demonstrated entrepreneurship by seeking financial support for his expeditions. He utilized all of these elements to create a business venture, as he aimed to find new trade routes and establish colonies for economic gain.

According to Aristotle, there are two kinds of arts of acquisition: natural and unnatural. Natural acquisition refers to the acquisition of wealth through activities that are essential for survival, such as agriculture and animal husbandry. Unnatural acquisition, on the other hand, refers to the acquisition of wealth through activities that are not essential for survival, such as trading and commerce. Aristotle believed that natural acquisition is more virtuous and morally superior compared to unnatural acquisition.

Thales is criticized for being a philosopher. The businessmen ask if he is so smart then why is he so poor? Thales buys all of the olive presses and when it comes time to harvest all of the olive farmers lease the presses whenever he wanted and made a lot of money. This is sad because it shows that even the best can be reduced to play with the worst among us (business world).

Abraham Maslow's hierarchy of needs is a theory that explains human motivation. It suggests that individuals have a hierarchy of needs that must be fulfilled in a specific order. The needs include physiological needs, safety needs, love and belongingness needs, esteem needs, and self-actualization needs. Self-actualization is the final level in the hierarchy, representing the need for personal growth, fulfillment, and reaching one's full potential. It involves pursuing meaningful goals, developing talents, and experiencing self-fulfillment. Therefore, "self-actualization" is the correct answer in this context.

Power because power is A getting B to do what B would otherwise not do so B is doing the work for A. Privilege to do the things that I want to do. Privilege is the desire to desire. Place means title, ownership aristocrat, executive, but it could also be the title to a car. The place is ownership to say that this is mine.

The given statement is true. Productivity is indeed defined as achieving the maximum output with minimum input. It is a measure of efficiency and effectiveness in utilizing resources to produce desired outcomes. By optimizing the use of resources such as time, labor, and materials, productivity can be increased, leading to higher levels of output or results. Therefore, the statement accurately reflects the definition of productivity.

According to Aristotle, goods can offer two kinds of value: money (coin) and barter (trade). This means that goods can be exchanged for either money or other goods through a barter system. This statement aligns with Aristotle's views on the value of goods and the different ways in which they can be exchanged. Therefore, the answer is true.

Columbus’ Purpose- partly more efficient trading route for Europe to be able to get gold and spices, gold was used to fund armies to invade territories to gain resources, BE RICH, ***one gets rich by creating a more efficient way to make others rich**

The term "Laissez-Faire" refers to the concept of letting things be or allowing them to take their own course without interference. It is often used in reference to economic policies that advocate for minimal government intervention in the market. This approach suggests that the market should be left to operate freely, without excessive regulations or restrictions.

Mephisto as Symbol- he is the devil that controls all of nature, the materialist class, the spiritless business world, a freebooter.

Consumerism and Materialism- he believes that consumerism and materialism bring you away from your true self, material things distract you from your true purpose because you spend time at a job trying to make money to acquire material things. He believes that it should be the man the maker of things, not man the consumer.

The philosopher who developed the five excellent things is Confucius. These five excellent things include bounteousness without any cost, leading people on profitably, teaching them through public education, regulating them when necessary, and not fighting them. Confucius believed in promoting the well-being and prosperity of the people, instilling values through education, and ensuring fair business practices. He emphasized the importance of harmony and social order in society.

This statement refers to the economic concept of supply and demand. When a commodity is cheap (in high supply), it attracts more demand, causing the price to increase. On the other hand, when a commodity is expensive (in low supply), it encourages more supply to meet the demand, causing the price to decrease. This principle is a fundamental concept in economics and helps explain the fluctuation of prices in the market.

Power because power is A getting B to do what B would otherwise not do so B is doing the work for A. Privilege to do the things that I want to do. Privilege is the desire to desire. Place means title, ownership aristocrat, executive, but it could also be the title to a car. The place is ownership to say that this is mine.

We are all operating under capitalism. Doesn’t mean the end of war but the end of history means the great changing forces of the ideology are no longer there. We almost all have come to the conclusion that we all like the idea of infinite profit, infinite growth and max self-interest and capitalism allows for these conclusions.

An initial public offering (IPO), is the first sale of stock by a formerly PUBLIC company. this refers to the days of Columbus when there were such thing and share prices but they were one and the same. go to  Company formation, and product output- when a new company wants to get created, they make an IPO, Columbus went to Isabella/Ferdinand (crown and church) to get an investor for the reason of getting a product out of it

Confucian “Socialism”- he believes that everyone should have the ability to rise and become wealthy, different from today’s version of socialism because it uses government regulations to disperse wealth and Confucius opposes Socialism- A political and economic theory of that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Attitude toward Tariffs and Monopolies- he felt that tariffs and monopolies harmed the country because they didn’t allow for production, if you allow people from other countries in they will spend their money in the country they are starting the business. More people allowed in the production of a good create more advertising of that good which leads to increases consumption of that good. Increased consumption leads to more money being spent in that country. Wealth of nations - First published in 1776, it is a reflection on economics at the beginning of the Industrial Revolution and argues that free market economies are more productive and beneficial to their societies.

Baucis and Philemon are symbolic figures in Greek mythology. They are often portrayed as a virtuous and hospitable couple who show kindness to strangers, even when they are disguised gods. By representing God and good people, they embody moral values and serve as examples of righteousness and compassion. Their purpose is to demonstrate the importance of helping others and saving them from harm, which aligns with the statement that they aim to save people from the water. Therefore, the correct answer is true.

FALSE! Small and Big Business- not opposed except to the degree that it takes you off of your singular purpose, the big business makes it hard to hold onto your spiritual intent

According to Francis Fukuyama, when the old battle lines between capitalism and socialism disappear and everything moves towards making money, it will signify the end of history. This implies that the ideological conflicts between these two economic systems will cease to exist, and the focus will solely be on economic gains and profit-making.

Spanish Style of Mkt. Development- conquer, kill and take what they want

Auguste Comte, Charles Fourier- said we were at the end of history in the 1800s because James Watt perfected the steam engine so as to create energy so as to create mass production of textiles and mining. They believed the age of scarcity was coming to an end because of the factories and mass production and are producing in huge quantities and providing it at a low cost. They believed steam put an end to scarcity, but we still had the argument of how to make money, whether the individual should have the right to make an infinite profit, infinite growth, or should the state own all of these. They believed technology brought the end of history.

Plato is the correct answer because he is known for his philosophy on the distinction between needs and wants. He believed that needs are essential for survival, while wants are desires that go beyond basic necessities. This idea is reflected in the explanation provided, which states that food is a need, but gourmet food is a want. Therefore, Plato coined the ideology of distinguishing between needs and wants.

Relationship of “Theory of Moral Sentiments” to “The Wealth of Nations”- many say smith doesn’t count for philosophy or religion but he wrote the theory of moral sentiment, one thing he believes in is the that in the practice of commerce, **all men and all women at some point will see through the eyes of others, brings up Zeno? Plato and Aristotle all say that men have the capacity to see through the eyes of others and when you see through the eyes of others you have empathy for them. Would an empathetic person be that hard on other beings, businesses in a capitalist society show a degree of empathy by giving to charities**

Mannheim’s Argument- ascending bourgeoisie men and women prior to 1776 their idea of a utopia would have been freed because of the restrictions from England. They were not a free colony. Not the freedom we seek today but the freedom to make more money and the English did not allow us to make all the money we wanted to. England didn’t allow building big industrial goods. The men who were in power were rich and wanted to be richer and England didn’t allow this.

He was the admiral, CEO, manager.

The Invisible Hand Theory- p106 line 7 supply and demand is the invisible hand, he meant supply and demand but he also meant god because he believed that God would never let his children destroy themselves with their own greed, arrogance, and self-interest. This is god’s way to see to it that our empathy has a good result

Labor- use labor as a way to provide for your purpose, why go to a job that doesn’t serve your spiritual soul? Do you really need to work all that much there is no way to consume as much relative to your work, are you using too much time towards labor and not enough for your personal time, work makes us less honest and people who put in a lot of work and the lack integrity (integrity-slaves in Greece were dishonest because they worked on average 80-90hours a week, these people are not honest with themselves)

Aristotle is historically recognized for his passage regarding the analogy of a shoe. This analogy is often used to explain his concept of causality, specifically the idea that just as a shoe is made for a specific purpose (protecting the foot), everything in the natural world has a purpose or function. This analogy helps to illustrate Aristotle's teleological view of nature, where everything has a purpose and is directed towards fulfilling that purpose.

The statement "Get equity of the ships" is the least accurate specific to the purpose of the stockholders. This is because stockholders typically invest money in a company or venture in exchange for ownership shares or equity. However, in the case of Columbus, the stockholders did not receive equity in the ships. Instead, they provided funding to Columbus for his voyage with the expectation of gaining a return on investment (ROI) through the discovery of gold and spices.

Confucians' purpose does not include economic freedom as one of their wants. Instead, they prioritize universal connection, emphasizing the importance of harmonious relationships and social bonds among individuals and within society. This concept is central to Confucian teachings, as it promotes mutual respect, empathy, and a sense of shared responsibility, ultimately aiming to create a cohesive and interconnected community.

Sigmund Freud Australian neurologist (6 May 1856 – 23 September 1939) Powerful people don’t like to give up their power and people of power create scarcities (powerful hunter trades food for loyalty but can also not give out food and creates a scarcity) early man worshiped gods of nature and made deals with them for the safety against the tyranny of nature.

Francis Fukuyama- believes we are at the END of history because communism no longer exists (communism still exists but it harbors negative, poor conditions) and capitalism is the widest held ideology, it is something that all societies can relate to.

Homo Faber refers to "Man the maker of things" because it is derived from Latin where "homo" means man and "faber" means maker. This term emphasizes the human ability to create and construct objects, highlighting the role of humans as creators and inventors. It signifies the importance of human craftsmanship and the transformative power of human creativity in shaping the world around us.

The term "Homo Ludens" refers to the concept of "man who enjoys play." It suggests that humans have a natural inclination towards play and that it is an essential part of human nature. This term emphasizes the significance of play in human development, creativity, and social interaction.