Which of the Following Will Most Likely Occur Under a System

question 118

Multiple Choice

Which of the following will most likely occur under a system of clearly defined and enforced private property rights?

• A) Resource owners will fail to conserve vital resources, even if they expect their supply to be highly limited in the future.
• B) Resource owners will ignore the wishes of others, including others who would like to use the resource that is privately owned.
• C) Resource owners will fail to consider the wishes of potential future buyers when they decide how to employ privately owned resources.
• D) Resource owners will gain by discovering and employing their resources in ways that are highly valued by others.

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Definitions:

Interpersonal Skills

Abilities to communicate and interact effectively with others, building positive relationships, and effectively resolving conflicts.

Management Systems

The formalized procedures and frameworks used by organizations to manage and control operations towards achieving objectives.

Reward Systems

A set of rules and mechanisms designed to motivate and compensate individuals for their contributions and achievements.

Structural Forms

The organizational structures that define how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims.