With Which of the Following Statements Would Most People in Business

question 22

Multiple Choice

With which of the following statements would most people in business agree?

• A) The short-run profits of a corporation will almost always increase if the firm takes actions the government has determined are in the nation's best interests.
• B) Government agencies and firms almost always agree with one another regarding the restrictions that should be placed on hiring and firing employees.
• C) Although people's moral characters are probably developed before they get into a business school, it is still useful for business schools to cover ethics, including giving students an idea about the adverse consequences of unethical behavior to themselves, their firms, and the nation.
• D) Developing a formal set of rules defining ethical and unethical behavior is not useful for a large corporation.Such rules generally can't be applied in many specific instances, so it is better to deal with ethical issues on a case-by-case basis.
• E) Because of the courage it takes to blow the whistle, "whistle blowers" are generally promoted more rapidly than other employees.

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Definitions:

Proprietary Knowledge

Information that is not public and is owned by an individual or company, giving them a competitive advantage.

Public Goods

Goods that are neither excludable nor rival in consumption.

Private Goods

Goods that are both excludable and rival in consumption.

Industrial Machinery

Machines and equipment designed and used in the manufacturing and production sector.