Peter Drucker Stated, "Profit for a Company Is Like Oxygen

question 14

Multiple Choice

Peter Drucker stated, "Profit for a company is like oxygen for a person.If you don't have enough of it, you're out of the game.But if you think your life is about breathing, you're really missing something." This statement reflects the ______ argument for corporate social responsibility.

• A)ethical
• B)moral
• C)rational
• D)economic

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Definitions:

Counterfeit Goods

Fake products that are made to look genuine in order to deceive consumers.

Misleading Warranties

Guarantees or promises made by a seller that are untrue or deceptive, leading consumers to have incorrect expectations about a product.

Quality/Design

The standard of something as measured against other things of a similar kind, and the process of conceiving and planning the structure and functionality of products.

Potential Hazards

Possible sources of danger or harm that may arise from activities, processes, or conditions.