Multiple Choice
In a free-enterprise system, profit is socially desirable because it
A) reallocates wealth from small firms to large firms.
B) attracts resources to the most desirable types of production.
C) allows firms to operate at higher levels of cost.
D) permits firms to hire more workers and thereby reduces the unemployment rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Businesses are taxed on the basis of
Q32: Many firms have responded to the need
Q33: Which of the following refers to the
Q34: In the XXI century, a manager has
Q35: Uncertainty is welcome by managers as it
Q37: Globalization has caused all except<br>A) Increased dependency
Q38: Vincent quit his $180,000-a-year job as an
Q39: Before Sarah quit her job as a
Q40: Which theory of profit holds that a
Q41: You will receive $1,000 payment in 1