From a Stakeholder Point of View, Which of the Following

question 16

Multiple Choice

From a stakeholder point of view, which of the following must be satisfied for a decision to be considered ethical?

• A)The decision should demonstrate virtues reasonably expected.
• B)The decision should result in more benefits than costs.
• C)The decision should not offend the rights of any other stakeholders.
• D)The distribution of benefits and burdens should be fair.
• E)All of the above must be satisfied for a decision to be considered ethical.

Understand the historical evolution of management theories and their relevance to modern management.

Recognize the significance of the Hawthorne Studies to the human relations movement in management.

Identify key figures in the development of management thought and their contributions.

Understand the principles of classical management approaches.

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Definitions:

Business Enterprise

A business enterprise refers to an organization engaged in commercial, industrial, or professional activities, aiming to generate profits through providing goods or services.

Deceit

The act of misleading or deceiving someone intentionally.

False Representation

The act of making an untrue or misleading statement about a product, service, or situation which may deceive others.

Intention of Deceiving

The deliberate act of misleading or tricking someone to gain an advantage or cause harm.