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