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Questions and Answers
What is the primary reason for the increase in calls for companies to act in the best interest of broader society?
What is the primary reason for the increase in calls for companies to act in the best interest of broader society?
- To minimize their impact on the external environment (correct)
- To increase profits
- To avoid legal issues
- To attract more customers
Which of the following is NOT considered a responsibility of organizations according to the text?
Which of the following is NOT considered a responsibility of organizations according to the text?
- Responsibility to the public
- Responsibility to competitors (correct)
- Responsibility to shareholders
- Responsibility to customers
What does responsible and ethical business practice entail according to the text?
What does responsible and ethical business practice entail according to the text?
- Avoiding taxes
- Competing unfairly
- Maximizing shareholder value
- Acting in the best interest of all stakeholders (correct)
