The Manager Is Faced with the Dilemma of Doing What

question 113

Multiple Choice

The manager is faced with the dilemma of doing what is beneficial for the firm in the short run and doing what is right and beneficial for the firm and society in the long run.To address this conflict, the firm's:

• A)quarterly profit statement needs to be ethically evaluated.
• B)long-term goals must be stated in general terms so as not to interfere with individual's short-term goals.
• C)management and employees must think about the needs of society ahead of the needs of the company.
• D)long-term goals must be aligned with the short-term goals of each individual within the firm.
• E)competitive advantage must be passed on to the competing firm.

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Definitions:

Fixed Incomes

A type of income that does not vary over time, typically associated with retirees or investments that pay a regular, unchanging amount.

Single Woman

An adult female who is not married or in a romantic relationship.

Baby and Child Care

Baby and Child Care generally refers to the practices and routines involving the careful and healthful nurturing and supervision of infants and young children, but is also notably the title of Dr. Benjamin Spock's groundbreaking book published in 1946, which revolutionized child-rearing practices.

Dr. Benjamin Spock

An American pediatrician whose book "The Common Sense Book of Baby and Child Care" revolutionized child-rearing practices in the mid-20th century.