Which of the Following Actions Is/are Consistent with the "Maximizing

question 73

Multiple Choice

Which of the following actions is/are consistent with the "maximizing profits" theory of the social responsibility of business?

• A) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses
• B) raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase
• C) raising wages to avoid a strike that would cost more than the increased costs of the wage increase
• D) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase
• E) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase

---

Definitions:

Apparent

Refers to the apparent power in an AC circuit, combining both the real (true) power and reactive power, measured in volt-amperes (VA).

Inductive

Pertaining to the property of inductance, where a change in electric current through a conductor induces an electromotive force in both the conductor itself and any nearby conductors.

True

In alignment with reality or fact; not false.

Reactive

Reactive, in an electrical context, relates to components or systems that store energy temporarily in electric or magnetic fields, affecting phase angles between voltage and current.