According to Galbraith,why Might Modern Corporations Not Attempt to Maximize

question 82

Multiple Choice

According to Galbraith,why might modern corporations not attempt to maximize profits?

• A)Because the managers are more interested in maximizing their own incomes.
• B)They are afraid of the reaction of their consumers.
• C)They are afraid of the reaction of rival companies.
• D)They are afraid of the reaction of the government.

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Definitions:

Negligently

A rephrased definition: Acting with a lack of proper care or attention that a reasonably prudent person would exercise in similar circumstances.

Negligently

Acting with a lack of proper care or attention, resulting in harm or injury to another person or property.

Relative Capital Contributions

The contributions, often in the form of money or assets, that partners make relative to one another in a partnership or investment setting.

Dissolved

The process of legally disbanding a corporation or partnership, effectively ending its existence.