Which of the Following Statements Is True About the Role

question 56

Multiple Choice

Which of the following statements is true about the role and effect of profits on ethical corporate behavior?

• A) In many modern business corporations, the responsibility for profit making is decentralized.
• B) Making a profit usually deteriorates the common good.
• C) Profit earning is the least important goal in the contemporary business environment.
• D) A decline in the Protestant ethic reduces the emphasis on corporate profit.
• E) In many situations, focusing on profits hinders managers from engaging in any unethical behavior.

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Definitions:

Nonrival

A characteristic of a good whereby one person's consumption does not diminish the availability of that good for consumption by others.

Television Programs

Scheduled content broadcasted on television, including series, movies, news, and other forms of entertainment or information.

Exclusion

The act of denying someone's access to a particular resource or activity.

Common Resource

A type of good that is non-excludable and rivalrous, such as fish stocks in the ocean; it is available to all but can be depleted by excessive use.