Which of the Following Is Not Assumed by the 'Market

question 18

Multiple Choice

Which of the following is not assumed by the 'market for managers argument' for reducing or eliminating regulation?

• A) The managerial labour market operates efficiently.
• B) Information about past management performance will be known by other prospective employers.
• C) Information about past management performance will not be fully impounded in future salaries.
• D) Managers are not approaching retirement.

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Definitions:

Ethical Responsibility

The duty to conduct oneself and make decisions according to a code of moral principles and values.

Economic Responsibility

The obligation of an organization or individual to make decisions that positively influence the economic well-being of society and stakeholders.

Moral Expectations

The ethical standards and behaviors that society believes individuals or organizations should adhere to.

Discretionary Responsibility

The accountability of a company or individual to make ethical decisions and act in the public interest, beyond mere compliance with laws and regulations.