One of the tenets of collectivism is that the welfare of society is best served by letting people pursue their own economic self-interest

Indicate whether the statement is true or false.

FALSE
In collectivist societies, an individual's right to do something may be restricted on the grounds that it runs counter to "the good of society" or to "the common good." However, individualism holds that the welfare of society is best served by letting people pursue their own economic self-interest, as opposed to some collective body (such as government) dictating what is in society's best interest.

Business

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McGregor developed Theory X and Theory Y based on the realization that managers should _____.

Fill in the blank(s) with the appropriate word(s).

Business

The range of values found by adding and subtracting three standard deviations to the mean of the random variable accounts for 99.74 percent of the area under the curve

Indicate whether the statement is true or false

Business