Which of the Following Statements About Self-Interest in a Market

question 96

Multiple Choice

Which of the following statements about self-interest in a market system is false?

• A)Self-interest usually motivates an individual to deliver something of value to others.
• B)Self-interest of entrepreneurs implies seeking maximum profits or minimum losses.
• C)Self-interest applies only to capitalists and entrepreneurs, not to workers employed by others.
• D)In a market system, consumers are just like firms: self-interest is what motivates them.

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Definitions:

Organizational

Pertaining to the structure and function of an organization or the process of organizing.

Human Capital

The combined abilities, expertise, or non-material assets possessed by people, which can generate economic benefits for the person, their place of work, or their community.

Organizational Trends

Patterns or movements observed within the realm of organizations, affecting structure, culture, technology, or management practices over time.

Non-Profit Organizations

Organizations established for purposes other than making a profit, focusing on social, educational, or humanitarian objectives.