MCQ_History_and_Logic_of_Corporations.pdf

Multiple Choice Questions - History and Logic of Corporations 1. Adam Smith's 'Invisible Hand' theory primarily advocates for: A) Government intervention in the economy B) Self-regulating market forces C) Corporate monopolies D) Public ownership of resources 2. Which of t...

Multiple Choice Questions - History and Logic of Corporations 1. Adam Smith's 'Invisible Hand' theory primarily advocates for: A) Government intervention in the economy B) Self-regulating market forces C) Corporate monopolies D) Public ownership of resources 2. Which of the following corporations is considered the first large multinational enterprise? A) Dutch East India Company B) Ford Motors C) Siemens D) General Electric 3. Alfred Chandler's 'Visible Hand' theory describes: A) The role of market forces in regulating the economy B) The rise of large corporations and managerial capitalism C) The invisible influence of government policies D) Technological innovations in the 19th century 4. The primary reason for the fall of conglomerates in the 1980s was: A) Rising transaction costs B) Inefficiencies and mismanagement C) External economic factors D) Over-reliance on government contracts 5. According to Oliver Williamson's Transaction Cost Theory, firms exist because: A) Markets are always efficient B) Firms reduce transaction costs compared to markets C) Firms promote competition D) Markets provide the best information 6. Which of the following best describes a characteristic of early corporations? A) They were entirely state-owned B) They had the right to conduct war and seize land C) They operated on a small scale D) They had no formal legal structure