1.Which of the following is a major point made in the argument for nonregulation of business according to the passage?(A) The concept of aspiration is already the basis of the self-regulation of business because aspirations are vital to business growth.
(B) The concept of aspiration has been shown to be a less useful basis for designing laws than has the concept of duty.
(C) Laws that are intended to encourage aspiration actually discourage aspiration because such laws discourage the exercise of reflection, discretion, and initiative.
(D) Because laws that encourage aspiration are unfair and ambiguous, they have been opposed by the majority of the public in the past and are likely to be opposed in the future.
(E) Because there is at present little agreement as to which goals business should strive for, laws that encourage aspiration are difficult to enforce.
2. The primary purpose of the passage is best described as an effort toA) suggest some ways in which laws that encourage aspiration can be used effectively to regulate the behavior of business
(B) argue that the advocates of nonregulation have overemphasized the effect on business of laws that encourage aspiration while underestimating the effect of laws that specify duties
(C) discuss instances in which laws that encourage aspiration have had a desirable, although indirect, effect on both individuals and businesses
(D) rebut the argument that the distinction between the morality of duty and the morality of aspiration can and should be used in lawmaking
(E) contend that the distinction between the morality of duty and the morality of aspiration, however valid, should not be regarded as the basis of a valid argument against the regulation of business
3. According to the author, the advocates of nonregulation support their position by making which of the following arguments about duties and aspirations?(A) Laws that designate duties are easier to enforce than are laws that encourage aspirations.
(B) Laws that designate duties should be of greater concern to society than should laws that encourage aspirations.
(C) Duties are easier to define than are aspirations.
(D) Businesses should be primarily concerned with duties and only secondarily concerned with aspirations.
(E) Businesses should be legally obligated to distinguish between duties and aspirations.
4. The author suggests that the most valid criticism of the enactment of laws that encourage aspiration that has been raised by the advocates of nonregulation is which of the following?(A) In order to do business efficiently and profitably, a business must be able to change or modify its aspirations quickly.
(B) Many businesses are necessarily exempt from laws that encourage aspiration.
(C) Many of the laws that encourage aspiration apply to business in one country but not in another.
(D) The capabilities of different businesses vary, and such variation is not taken into account by laws that encourage aspiration.
(E) Laws that encourage aspiration are subject to the interpretation of only a few judges, whose opinions may not reflect the values of society as a whole.
5. According to the author, the assumption that the problems associated with business are primarily problems of aspiration is(A) alarming
(B) verifiable
(C) unprecedented
(D) implausible
(E) sound
6. According to the author, the implementation of laws that encourage aspiration would be difficult because (A) evidence establishing a particular business’s liability is not as likely to be available
(B) information pertinent to each particular industry would have to be collected and analyzed
(C) the liability of a business would have to be distinguished from the liability of its employees
(D) businesses that are theoretical entities can be easily disbanded
(E) the merits of conflicting, equally worthy aspirations would have to be considered
7. The author would most probably agree with which of the following statements about the relationship between business and laws that encourage aspiration? (A) Laws that encourage aspiration are noble but essentially unenforceable; therefore, laws that specify duties are more likely to regulate business behavior effectively.
(B) Laws that encourage aspiration can be used to regulate only a few aspects of business behavior; therefore, only laws that specify duties should be applied to businesses.
(C) Since many juries already consider aspiration to be an element of the law, it is unlikely that there would be very much difficulty in persuading juries to apply laws of aspiration to business behavior.
(D) Since laws that specify duties and that are also effective imply aspirations, laws that explicitly encourage aspirations are a potentially useful legal mechanism for regulating business behavior.
(E) Since many people are reluctant to make aspiration a legal responsibility, it is unlikely that the law can be used to regulate business behavior effectively.