Adolf Berle Argued Against Public Responsibility of a Corporation on the Basis

question 2

Multiple Choice

Adolf Berle argued against public responsibility of a corporation on the basis of _________.

• A)the rights of stakeholders
• B)limiting the power of shareholders
• C)excessive managerial power
• D)corporations' impact on society

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Definitions:

Risk-Utility Analysis

A process used to evaluate the safety of a product by weighing the risks associated with its use against its utility or benefits.

Fire-Retardant Materials

Materials that are designed or treated to resist fire and reduce its spread, commonly used in construction and manufacturing to enhance safety.

Strict Liability

Legal responsibility for damages, or for performing a specific act, that is imposed without the need to prove fault or negligence.

Defective Condition

A state in which a product possesses an inherent flaw or deficiency that makes it dangerous or unfit for its intended use.