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The Discussion of the Business Enterprise System in the Business

question 15

Multiple Choice

The discussion of the business enterprise system in the Business and Society class today became heated when a debate broke out as to which capitalist system Canada should employ.Jamal argued that the Canadian government should apply a _________ model whereby economic decision making is left to those individuals or enterprises who own the means of production.A profit motivation,with limited government involvement,would create a competitive market system.Crystal agreed,but added that accountability to society by business was also important and therefore a _______ was better.


Definitions:

Mental Sets

The framework of cognitive biases and predispositions to respond to a situation in a particular way, which can impact problem-solving abilities.

Fixation

An obsessive focus or attachment to someone or something that can result from unresolved developmental conflicts.

Framing Effect

A cognitive bias where people decide on options based on whether they are presented in a positive or negative way.

Ground Beef

Minced or finely chopped beef used in various dishes, such as burgers, meatballs, and tacos.

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