Balancing Business and Society
8 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary objective of a business firm?

  • To supply goods and services to the people
  • To interpret the expectations of society
  • To earn profit (correct)
  • To adjust to the preferences or values of society

    • What may cause conflict between the individual goals of a business firm and the objectives of society?

  • The economic performance of the firm
  • The social performance of the firm
  • The decisions and actions of human beings (correct)
  • The preferences or values of society

    • What is the subject matter of ethics according to the text?

  • The preferences or values of society (correct)
  • The linkages between business and society
  • The social performance of business enterprises
  • The economic performance of business enterprises

    • From the social point of view, why does business exist?

    <p>To supply goods and services to the people</p> Signup and view all the answers

    What may cause conflict between the individual goals of a business firm and the objectives of society?

    <p>Human decisions and actions</p> Signup and view all the answers

    What is the primary objective of a business firm?

    <p>To earn profit</p> Signup and view all the answers

    Why is it important to answer the question of what is right or wrong from society's point of view?

    <p>To interpret and adjust to the preferences or values of society</p> Signup and view all the answers

    What is the subject matter of ethics?

    <p>Establishing linkages between ethics and society</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser