_____ Is a Term Used by Adam Smith to Explain

question 8

Multiple Choice

_____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the "invisible hand."

• A)Consumerism
• B)Cultural relativism
• C)Social democracy
• D)Laissez-fair
• E)Bimodal wealth distribution

---

Definitions:

Reverse Integration

A strategy where a company integrates backwards in the supply chain, taking over some roles of its suppliers or distributors.

Political Behavior

Activities undertaken within an organization that are aimed at using power and influence to obtain personal or organizational goals.

Individual Factor

Refers to personal attributes and characteristics that influence behavior and performance in a work setting.

Personality

A stable and unique pattern of traits, characteristics, and resulting behaviors that gives an individual his or her identity.