Entrepreneurs Can Do Whatever They Want and That Conflictive Action

question 44

True/False

Entrepreneurs can do whatever they want and that conflictive action taken by entrepreneurs against society's ethical standards does not incur a price.

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Definitions:

Disaster Relief

Assistance provided to individuals or communities to help them recover from natural or man-made disasters.

Crop Insurance

Insurance that farmers can purchase that will pay out if crop selling prices or crop revenues fall below predetermined values.

Consumer Surplus

The disparity between the total consumers intend and can afford to pay for a good or service versus what they actually spend.

Consumer Utility

The measure of satisfaction or happiness that consumers obtain from consuming goods and services.