When Greenlawn Inc

question 40

Multiple Choice

When Greenlawn Inc.finds itself losing contracts because Instillite Inc.charges less money,Greenlawn responds by lowering its bids.According to Adam Smith,this reaction demonstrates _____.

• A)the invisible hand of competition
• B)collision
• C)the right to private property
• D)social responsibility

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Definitions:

Others' Rights

The acknowledgment and respect for the rights and freedoms of other individuals, essential for maintaining ethical and harmonious interactions.

Temporal Immediacy

The degree to which future benefits or consequences are perceived as being imminent or occurring in the near term.

Social Proximity

Refers to the closeness or distance between individuals in social relationships or networks.

Ethical Intensity

The degree of importance given to an ethical issue, determined by its outcomes, probability of effect, concentration of effect, and social consensus.