Why Did Corporations Become Central to the New Market Economy

question 67

Multiple Choice

Why did corporations become central to the new market economy?

• A) Corporations were more trusted than small businesses because they did not have any special privileges or powers.
• B) Directors and stockholders of corporations could pursue profits without being personally liable for debts.
• C) Local governments made sure corporations acted in accordance with the public interest.
• D) Corporations were more concerned with ethical practices than profits.
• E) Corporations did not require special charters or laws in order to thrive.

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Definitions:

Daily Activities

Routine tasks and behaviors performed by individuals on a daily basis, essential for personal care and living.

Psychosocial

Referring to the interrelation of social factors and individual thought and behavior, highlighting how social environments influence psychological development.

Risk Factors

are characteristics or conditions that increase the likelihood of developing a disease or injury.

Chronicity

A characteristic of a health condition where it is long-lasting or recurrent, typically requiring long-term management.