Within the Realm of Ethical Decision Making, Managers Should Attempt

question 46

Multiple Choice

Within the realm of ethical decision making, managers should attempt to maximize:

• A)the market value of the shareholders' wealth.
• B)their compensation plans.
• C)their firm's market share.
• D)the profits of the firm.

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Definitions:

Corporate Social Responsibility Model

A strategic framework for companies to voluntarily incorporate social and environmental concerns into their business operations and interactions with stakeholders.

Maximizing Profits

The process of making the highest possible profit from business operations within the given market conditions.

Code of Ethics

A set of principles designed to guide the behavior and decision-making of members within an organization or profession.

Utilitarian Benefits

The practical or useful advantages gained from a product, service, or action, focusing on its functionality or utility.