Who or What Is Responsible for the Allocation of Scarce

question 28

Multiple Choice

Who or what is responsible for the allocation of scarce resources into the production of most goods in the U.S.?

• A)the American government
• B)the UN
• C)the Federal Reserve Bank
• D)markets and prices

Grasp the principles of comparative and contributory negligence.

Understand the concept of power dynamics within organizations.

Identify and explain the different bases of power and their classifications.

Describe the role of formal and informal systems in organizational politics.

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Definitions:

Promoters

Individuals or entities that undertake the preliminary activities required to establish a corporation or organize a business venture.

Corporate Veil

A legal concept that separates the actions and liabilities of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.

Fraud

A deliberate deception to secure unfair or unlawful gain.

Express Corporate Powers

The specific authorities granted to a corporation through its charter and state law, allowing it to perform certain actions.