Which of the Following Is the Best Example of Social

question 3

Multiple Choice

Which of the following is the best example of social embeddedness?

• A)A Vice President of a restaurant chain knows the owner of a brewery from their time in college.They team up and open a restaurant featuring artisanal beers.
• B)The manager of operations is introduced to a new employee who went to a highly regarded business school.
• C)A business owner signs a contract with a new supplier.
• D)Employees within an established team work with a new team member for several weeks.

---

Definitions:

Communism

Communism is a socio-economic system characterized by the absence of private property and the communal ownership of all resources and means of production, aiming for a classless society.

Economic Well-being

A measure of the financial health and quality of life of individuals or populations, often assessed by factors like income, employment, and access to goods and services.

Central Planners

Individuals or government authorities tasked with overseeing the economic direction and allocation of resources within a centrally planned economy.

Opportunity Cost

The financial downside of skipping over the second-best opportunity when a decision is on the line.