Question

• 13. The hand-of-government refers to the
Answer
B. Within The Law Role of Corporations To Be Profitable
A. Ability of the Government To Interfere In Business
Negotiations
C.Effect of National Politics On Business Decisions
D. Impact of Changing Government Regulations​

Answer 1

Answer:

Your answer is option (A)

Ability of the government to interfere in business negotiations

Answer 2

The hand-of-government refers to the B) within the law role of corporations to be profitable.

Definition:

According to the hand of government view, companies should pursue purely economic and rational objectives.

Hand of government view:

• The hand of government view in business was promoted by John Kenneth Galbraith. This acts as a regulatory guide of law and political values which leads these objectives towards the common good.
• The invisible hand view which was introduced by Milton Friedman states that making profits and obeying the laws are the only social responsiblities of the business organisations.
• The hand of management view introduced by Goodpaster & Matthews states that the company itself is reponsible for its every actions.