The Textbook Discusses How the Interests of Corporations Have Been

question 36

Multiple Choice

The textbook discusses how the interests of corporations have been given a higher priority than those of all other members of society.Which of the following are implications of this?

• A) mandatory minimum sentences for executives of corporations that break the law
• B) increased harm to workers,consumers,and the environment
• C) increased regulations to prevent street and environmental crimes
• D) the inability of corporations to maintain their competitive positions in the global marketplace

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Definitions:

Owners' Equity

The residual interest in the assets of an entity after deducting liabilities, essentially the net worth belonging to the owners.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Liabilities

Financial obligations or debts that a company owes to others, which need to be paid back in the future.

Owners' Equity

The portion of a company's assets that belongs to its owners or shareholders, representing their residual interest.