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Explain in your own words the Iron Law of Responsibility and the social contract. Give an...

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General Management

Explain in your own words the Iron Law of Responsibility and thesocial contract. Give an example of a shared understanding betweenyou as a consumer or an employee and a firm with which you dobusiness or for which you work. Is Congress justified in creatingnew regulations to govern the financial services industry?

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The Iron Law of responsibility explains the elimination of responsibility causing two issues that hinder social power and imbalance over a long period Automatically if a person is liable for hiding of    See Answer
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