Profit Responsibility Refers to

question 89

Multiple Choice

Profit responsibility refers to

• A) the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
• B) the view that an organization has an obligation to those who can affect the achievement of its objectives.
• C) the concept that no expansion or additional research and development will occur until a company is making a profit.
• D) the idea that organizations are part of a larger society and are accountable to that society for their actions.
• E) the duty of a firm to maximize financial returns for its owners or stockholders.

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Definitions:

Key Points

Essential or main aspects of a discussion, presentation, or piece of written work that are crucial for understanding the overall message or argument.

Speaker's Talking

Refers to the act of conveying information, thoughts, or feelings verbally by someone who is addressing an audience.

Indicate Attention

Refers to the act or process of demonstrating focus or consideration towards a specific subject or task.

European Canadians

individuals in Canada who are of European descent or origin, contributing to the country's multicultural demographic.