According to the View That Applied Engineering Corporation Is a "Citizen

question 9

Multiple Choice

According to the view that Applied Engineering Corporation is a "citizen," the firm is expected to​

• A) ​participate in bettering communities and society.
• B) ​primarily generate revenue for its owners.
• C) ​have no responsibility other than profit maximization.
• D) ​efficiently allocate scarce resources.

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Definitions:

Normative Statements

Statements that express opinions about how the world ought to be, involving subjective judgments or prescriptions for economic policies.

Normative Statements

Normative statements express opinions or judgments about what ought to be and are not based on empirical evidence.

Economists

Professionals who study the distribution, production, and consumption of goods and services by analyzing economic data, developing theories, and evaluating economic policies.

Policy Advisers

Experts who provide insights and recommendations on governmental or corporate strategies and policies.