When Private Ownership Rights Are Well-Defined and Enforced, Owners

question 121

Multiple Choice

When private ownership rights are well-defined and enforced, owners

• A) can ignore the wishes of others, without bearing the cost.
• B) have little incentive to take care of things.
• C) can do anything they want with their property.
• D) can be held accountable for damage to others through misuse of their property.

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Definitions:

Retrieve

The action of getting or bringing something back, especially information or data from a database or memory storage.

Ethical Issues

Concerns about morality and fairness in behavior, decisions, and actions within a range of contexts including personal, professional, and social environments.

OB Mod

Organizational Behavior Modification, a process of managing behavior in an organization through systematic reinforcement and feedback.

Cultural Differences

Variations in the practices, norms, and values among individuals from different societies or communities.