One Managerial Implication of the Justice Model Is That Managers

question 33

Multiple Choice

One managerial implication of the justice model is that managers should base their decisions on

• A)whatever stockholders want because stockholders own the company.
• B)what provides the maximum benefit to the most stakeholders.
• C)whatever promotes a fair distribution of outcomes to stakeholders.
• D)a consensus of local, national, and international opinion.

---

Definitions:

Great Depression

A severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by widespread unemployment and poverty.

Stock Market Crash

A sudden and significant decline in the stock market prices, leading to a loss of wealth for investors.

Hoover

Refers to Herbert Hoover, the 31st president of the United States, who is often associated with the early years of the Great Depression.

Economic Prosperity

A state of flourishing financial health and growth, often characterized by a high standard of living and low unemployment rates.