What would opponents of the socioeconomic model argue to support their position?
What will be an ideal response?
Businesses are most functional and successful and of most benefit to society when left alone to produce and market profitable products and services that society needs and wants. Social responsibility is someone else's job and is not a primary responsibility of a business. A firm is legally obligated to act in the economic interest of its stockholders and successful businesses pay taxes that are used to meet the needs of society.
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Which of the following is associated with the need for cultural sensitivity by a company?
A. understanding cultural practices in a particular location B. understanding religious practices in a particular location C. understanding nuances of language in a particular location D. understanding government requirements in a particular location
In the case of necessaries, the intoxicated individual is not allowed to disaffirm, but is held liable for the reasonable value of such items
Indicate whether the statement is true or false
Which of these is NOT one of the three types of performance of a contract?
A. complete performance B. substantial performance C. adaptive performance D. inferior performance