Which of the Following Statements About Property Rights Is True

question 7

Multiple Choice

Which of the following statements about property rights is true?

• A) In an organization top managers have the strongest property rights.
• B) Distribution of property rights has no effect on the instrumental values in the organization.
• C) The property rights are the rights of the customers to demand compensation when a product purchased by them is faulty.
• D) The distribution of property rights to different stakeholders determines how effective an organization is.

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Definitions:

Original Positions

A theoretical concept in social contract theory used to set up a fair position for agreeing upon principles of justice.

Strategic Intent

The long-term vision or direction of an organization that guides its plans and actions toward achieving set goals.

Family Ownership Vision

The long-term goals and aspirations held by family members for their family-owned business, guiding decision-making and future planning.

Leadership Influence

The impact that leaders have on their followers' attitudes, behaviors, and performance, often determining the direction and success of an organization.