Which of the following is the fundamental concept of U.S. corporations?
A) Individual self-interest is socially beneficial.
B) The corporation has no soul.
C) An organization is the world in miniature.
D) Independent enterprise is an instrument for social action.
E) The government should be an integral part of any organization.

Question

Quizplus · Accepted Answer

The acceptance of the idea that independent enterprise is an instrument for social action is the fundamental concept of U.S. corporations. A corporation is recognized as an entity that has rules and continuity of existence and is a separate and vital social institution.

Which of the Following Is the Fundamental Concept of U