Identify the Following Terms

question 92

Short Answer

Identify the following terms:
cartels and the Rhenish-Westphalian Coal Syndicate

---

Definitions:

Utilitarian Ethical Theory

An ethical theory suggesting that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Profit Maximization Theory

The concept that businesses operate with the primary goal of increasing profits to the highest achievable level given their resources.

Martha Stewart

Martha Stewart is an American retail businesswoman, writer, and television personality, known for her lifestyle brand and media ventures, which focus on home improvement, cooking, and decorating.

Insider Trading

The trading of a public company's stock or other securities by individuals with access to non-public, material information about the company.