A Leading Proponent of the Classical View Argues That Anytime

question 10

Multiple Choice

A leading proponent of the classical view argues that anytime managers decide on their own to spend their organization's resources for the "social good," they are__________ .

• A) following governmental regulations
• B) adding to the costs of doing business
• C) contributing social benefits in the name of goodwill
• D) helping make society a better place for everyone to live

---

Definitions:

Specialize

To specialize means focusing on a narrow area of knowledge or skill within a wider field, aiming to become an expert or highly skilled in that specific area.

Opportunity Cost

Overlooking potential gains available from different alternatives by settling on one choice.

Muffin

A small, baked good often sweetened and sometimes containing fruits, nuts, or chocolate, typically enjoyed as a snack or quick breakfast.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.