According to Adam Smith

question 173

Multiple Choice

According to Adam Smith

• A)government intervention in markets is not desirable because an invisible hand leads decisions made in pursuit of self-interest to unintentionally promote the social interest.
• B)in a market transaction buyers can either get what they want for less than they would be willing to pay or sellers can make a profit,but both buyers and sellers can't gain simultaneously.
• C)politicians are well-equipped to regulate corporations and intervene in markets to improve market outcomes.
• D)when big corporations pursue their self-interest of maximum profit,they will inevitably conflict with social interest.
• E)the self-interest and the social interest never conflict.

---

Definitions:

Sales Manager

A professional responsible for directing and overseeing a team of salespeople, setting sales goals, and developing strategies to achieve those goals.

Consumer Goods

Consumer goods are products bought for personal or household use, intended for direct consumption or use by the end consumer.

Matrix Departmentation

A complex organizational structure that combines two or more types of departmentalization, often project and functional lines, to leverage the benefits of both.

Hybrid Departmentation

A structure based on some mixture of functional, product, geographic, or customer departmentation.