Adam Smith's Behavioral Assumption About Humans Was That People

question 237

Multiple Choice

Adam Smith's behavioral assumption about humans was that people

• A)typically act irrationally.
• B)usually act in a rational, self-interested way.
• C)are consistently greedy.
• D)typically act randomly.

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Definitions:

Nationwide Medium

This term refers to a communication platform or channel that has the capability to broadcast, distribute, or reach audiences across an entire nation.

Translation Exposure

The potential for a company's financial statements in foreign currencies to be affected by fluctuations in exchange rates.

Financial Statements

are formal records of the financial activities and position of a business, individual, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Functional Currency

The primary currency of the primary economic environment in which an entity operates.