Adolf Berle argued against public responsibility of a corporation on the basis of_______.
a. corporations’ impact on society
b. the rights of stakeholders
c. limiting the power of shareholders
d. excessive managerial power
The property rights theory of corporations has it that incorporation _______.
a. should be accompanied by rules
b. is a matter of owning enough capital
c. is a general aspect of ownership
d. is anyone’s right
Property can generally be defined as _______.
a. a set of rights
b. some physical object
c. the right to vote
d. power over another person
The social institution theory of corporations has it that incorporation _______.
a. should always be charted by the government
b. is an essentially public matter
c. is a matter best left to shareholders
d. should be handled democratically