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TEST BANK For Business Data Communications and Networking, 14th Edition by FitzGerald, Dennis, Durcikova | Verified Chapter's 1 - 12 | Complete $17.99   Add to cart

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TEST BANK For Business Data Communications and Networking, 14th Edition by FitzGerald, Dennis, Durcikova | Verified Chapter's 1 - 12 | Complete

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TEST BANK For Business Data Communications and Networking, 14th Edition by FitzGerald, Dennis, Durcikova | Verified Chapter's 1 - 12 | Complete Free enterprise; responsible enterprise - ANS-The discussion of the business enterprise system in the Business and Society class today became heate...

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  • September 21, 2024
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TEST BANK For Business Data Communications and
Networking, 14th Edition by FitzGerald, Dennis, Durcikova
| Verified Chapter's 1 - 12 | Complete
Free enterprise; responsible enterprise - ANS-The discussion of the
business enterprise system in the Business and Society class today
became heated when a debate broke out as to which capitalist system
Canada should
employ. Jamal argued that the Canadian government should apply a ____
model
whereby economic decision making is left to those individuals or
enterprises who own
the means of production. A profit motivation, with limited government
involvement,
would create a competitive market system. Crystal agreed, but added that
accountability to society by business was also important and therefore a
____ was
better:

Laissez-faire capitalism - ANS-The discussion of the business enterprise
system in the Business and Society class today
became interesting when Roberto took the position that the Canadian
government
should apply a _____ model whereby economic decision making is let to
those

individual or enterprises who own the means of production and the
government has
only the most minimal, strictly limited role:

Stakeholder - ANS-Eduardo argued that Canadian business has a
responsibility that goes beyond making
money for investors. Businesses operate within communities. Decisions,
such as closing
down factories, will affect employees, their families as well as other
businesses located
in the factory's town. Eduardo is arguing for a ____ model of capitalism:

, Proprietorship - ANS-Jane is starting a business to sell handmade greeting
cards online. She is forming a(n)
_____ in that she is planning to assume all the risks and accept all the
rewards of
business ownership:

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