When All Companies and Their Managers in a Society Behave

question 96

Multiple Choice

When all companies and their managers in a society behave in a socially responsible way, business increases, quality of life increases, and

• A)a climate of caring will pervade.
• B)lawlessness all but ceases to exist.
• C)people look after their own interests.
• D)small business starts increase.
• E)inflation decreases.

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Definitions:

Celler-Kefauver Act

A U.S. law enacted in 1950 aimed at preventing anti-competitive mergers and acquisitions that could lead to decreased competition.

Civil Aeronautics Board

A former federal agency in the United States responsible for regulating the air transport industry until its deregulation in the early 1980s.

Sherman Act

An 1890 United States antitrust law that outlaws monopolistic practices and promotes competition.

Price-fixing

An illegal agreement among competitors to set prices at a certain level, rather than competing naturally in the market.