Without Strict Governance Mechanisms, the Majority of Executives Will Act

question 132

True/False

Without strict governance mechanisms, the majority of executives will act in their own self-interest rather than acting as positive stewards of firm resources.

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Definitions:

Power Elite

A small group of powerful individuals who hold significant wealth, political influence, and authority in society, often shaping policy and decision-making.

Pluralist

A belief or theory that political power in a society does not lie with the ruling elite but is distributed among multiple power bases.

Autonomous State

A concept referring to a government that operates independently, making its own decisions and policies without external influence.

Never Again

A phrase often associated with a pledge or commitment to prevent a reoccurrence of a devastating or tragic event in history, especially used in contexts of genocide and mass atrocities.