To Make Better Decisions While Insulating Themselves from Potential Threats

question 18

Multiple Choice

To make better decisions while insulating themselves from potential threats, firms should ______.

• A)engage with stakeholders whenever possible and minimize the danger of stakeholder disillusionment
• B)focus on profit maximization over profit optimization
• C)recognize that some stakeholders are much more important than others
• D)establish a public relations crisis team

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Definitions:

Consensus

A general agreement among the members of a group or community, often reached through discussion and compromise.

Punishment Decisions

The process of determining appropriate penalties for violations of rules, policies, or social norms.

Organizational Goals

The strategic objectives that an organization aims to achieve, which guide its operational activities and strategic planning.

Attribution Theory

A psychological theory that explains how people determine the causes of their own and others' behavior, attributing them to internal dispositions or external situations.