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The Private Enterprise System Guarantees a Profit for Each Business

question 125

True/False

The private enterprise system guarantees a profit for each business firm, as long as it does not break the law.


Definitions:

Decision Rights

The authority to make decisions on specific matters within an organization, often delineated by roles, responsibilities, or hierarchy.

Relevant Information

Relevant information consists of data and insights that are directly applicable and useful for making decisions or performing analyses in a specific context.

Decentralized

The distribution of functions and powers away from a central location or authority.

Decision Rights

The rights or authority to make decisions regarding specific aspects of business operations, typically distributed across various levels of an organization.

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