SOSC 2330 Midterm: Midterm Notes.docx
Document Summary
They also began seeking corporate charters from state legislatures (blair) Routine transactions (with large enterprise) have lower costs. Linking administration and buying units reduces the cost of information on markets and sources of supply. Effective scheduling for the flow of goods. More intensive use of facilities and personnel during the production and distribution process. More certain cash flows and repayment of debts. Increased cash flows allows for the creation of managerial hierarchies for monitoring and overseeing operations. Results of this dramatic change in capitalist organization included: the ubiquity of the corporation in the life of the individual, the increasing concentration of wealth and power because of the size of corporate enterprises and their relative economic dominance over small and medium sized businesses, berle and means wrote their seminal text concerned with economic instability that came from speculation (stock market) and with the legal structure of inequality in the us.