If You Give a Firm $1,000 to Protect the Earth

question 3

Multiple Choice

If you give a firm $1,000 to protect the earth from asteroids:

• A)your contribution will not have an effect on whether the firm will be successful in protecting the earth.(True Answer
• )Correct
• B)your contribution will be vital in determining whether the firm will have enough resources to combat
• Asteroids.
• C)your family will now have adequate protection.
• D)you are considered a free-rider of public goods.

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Definitions:

Participative Management

An effort to involve employees in a company’s decision-making.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Authoritarian

A governing or leadership style characterized by absolute or blind obedience to authority, as opposed to individual freedom and related to centralization of power.

Collaboration

The action of working with someone to produce or create something, often involving shared goals or resources.