Which of the Following Is an Example of Creative Destruction

question 54

Multiple Choice

Which of the following is an example of creative destruction?

• A) An economic recession forces firms out of business.
• B) Automobile production causes the wagon industry to shut down.
• C) Apple earns more economic profits than other manufacturers of MP3 players.
• D) Starbucks shuts down stores to create greater demand for its remaining outlets.

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Definitions:

Accounting Scandals

Incidents that involve deliberate manipulation of financial statements and records for the purpose of misleading investors and stakeholders.

Values

Deeply held beliefs and ideals that guide an individual's or society's actions and judgments.

Moral Philosophies

The study of questions about morality, including the goodness or badness of actions, the nature of virtue, and the foundations of ethical principles.

Foreign Corrupt Practices Act

A United States law aimed at preventing U.S. companies and their agents from engaging in corrupt practices abroad by making it illegal to bribe foreign officials.