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The Wagner Act of 1935 permitted firing workers because of union membership or
union activities.
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John Kenneth Galbraith rejects the assumption that Smith's invisible hand will solve all
social and economic problems.
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Externalities are the unintended negative (or in some cases positive) consequences that
an economic transaction between two parties can have on some third party.
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One of the attitudes prevalent in business that has led to increased environmental
problems is the tendency to view the natural world as a free and unlimited good.
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The general proposition that a firm has a legitimate interest only in employee behavior
that significantly influences work performance applies equally to off-the-job conduct.
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According to Alfie Kohn, competition promotes individual and group achievement
better than cooperation.
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Women entering male turf, or minority workers of either sex going into a predominantly
white work environment, can find themselves uncomfortably being measured by a
white male value system.
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The law precisely defines the concept of a trade secret, just as it does patents and
copyrights.
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The Supreme Court has rejected the idea that inside trading involves "misappropriating"
confidential information.
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Strict product liability is the doctrine that the seller of a product has legal
responsibilities to compensate the user of that product for injuries suffered due to a
defective aspect of the product, even if the seller has not been negligent in permitting
that defect to exist.
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An argument is valid only if all its premises are true.
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An employee can have a conflict of interest even if he or she doesn't act to the detriment
of the organization.
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One of the chief concerns of nepotism is the disregard of managerial responsibilities to
the organization and of fairness to other employees.
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Adam Smith claims that the people seeking self-interest in a free market through
competition can benefit society as a whole.
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According to Robert Nozick, property rights exist prior to any social arrangements and
are morally antecedent to any legislative decisions that a society might make.
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D.W. Haslett argues that inheritance is inconsistent with capitalism.
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The issue of comparable worth pits against each other two cherished American values:
the ethic of nondiscrimination verses the free enterprise system.
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Just cause requires that reasons for discipline or discharge relate directly to job
performance.
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A kickback is a kind of bribe.
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