As Societies Industrialize, a Smaller Share of the Population Works

question 114

Multiple Choice

As societies industrialize, a smaller share of the population works in which of the following locations?

• A) farms
• B) factories
• C) assembly lines
• D) All of the above are correct.

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Definitions:

Ethically Allowed

Actions or decisions that are permitted based on moral or ethical principles.

Unocal Rule

A legal standard from a Delaware Supreme Court case that gives boards of directors a framework for resisting takeover bids.

Business Judgment Rule

A legal principle that shields corporate directors and officers from liability for decisions made in good faith but that ultimately resulted in loss or damage.

Takeover Bid

An offer made to acquire a controlling interest in a company, often against the wishes of its management.