Who Challenged the Fundament Assumption of Profit Maximization

question 62

Multiple Choice

Who challenged the fundament assumption of profit maximization?

• A)John Galbraith.
• B)George Stigler.
• C)Adam Smith.
• D)John Maynard Keynes.

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Definitions:

Advisory Committees

Groups of experts or stakeholders formed to offer guidance and advice on specific topics or issues to organizations or governing bodies.

Quotas

Set limits or targets, often referring to the required or expected production output, sales levels, or representation of certain groups.

Cultural Value Dimension

Frameworks or models that describe the dominant patterns of values, beliefs, and behaviors that characterize different cultures.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people.