As a Result of Rapidly Changing Markets and Global Differences

question 251

True/False

As a result of rapidly changing markets and global differences in consumer tastes, more firms are considering centralized authority.

---

Definitions:

Hedonism

A philosophical belief that pleasure or happiness is the highest good and ultimate aim of human life.

Altruism

The selfless concern for the well-being of others, often leading to acts of kindness or generosity without expectation of personal gain.

Egoism

A theory in ethics that treats self-interest as the foundation of morals.

Psychological Egoism

The theory that suggests individuals are driven by self-interest and all actions are motivated by personal gain.