Sociopolitical Legitimacy Refers to the Endorsement of an Industry, Activity

question 2

True/False

Sociopolitical legitimacy refers to the endorsement of an industry, activity, or organizational form by key stakeholders and institutions such as the state and government officials, opinion leaders, or the general public.

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Definitions:

Productive Capacity

The maximum output a system can produce over a set period under normal conditions.

PP&E

Property, Plant, and Equipment - A company's tangible fixed assets that are expected to provide economic benefits for more than one year.

Current Production

The total output of goods and services produced by an economic entity in a current period, reflecting its current level of activity.

Sale of Investments

The process of selling investments such as stocks, bonds, or real estate, typically to generate cash or realize gains.