An Essential Feature of the Austrian School Is Its Affirmation

question 9

Multiple Choice

An essential feature of the Austrian School is its affirmation of subjectivism (opposite: objectivism) . This school believes that:

• A) entrepreneurs are exceptionally subjective
• B) non-entrepreneurs should be viewed as subjects
• C) subjectivity is superior to objectivity
• D) reality is given to us and essentially impossible to impact
• E) the reality we consider relevant is socially constructed
• F) humanity's subjective notion of the world must always be taken into consideration
• G) reality is continuously being socially constructed

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Definitions:

Social Entities

Groups, organizations, or institutions that operate within a social context and interact according to societal norms and values.

Complete Agreement

A situation or outcome in which all parties involved fully agree on all terms and conditions, without any dissent.

Structural Capital

The non-human assets of an organization, including processes, databases, patents, and the organization's structure, which enable productivity and innovation.

Skills And Abilities

The talents and capacities individuals possess that allow them to perform tasks effectively.