In Attempting to Maximize Profits, Executives and Employees of Capital

question 33

Multiple Choice

In attempting to maximize profits, executives and employees of Capital Solutions, Inc., and other corporations have to distinguish between short-run and long-run profit maximization. Business ethics is consistent only with​

• A) ​long-run profit maximization.
• B) ​short-run profit maximization.
• C) ​no consideration of profits whatsoever.
• D) ​strict adherence to the goal of profit maximization.

Grasp the concept of moral development levels and how they relate to professional behavior.

Identify the impact of ethical dilemmas on decision-making in professional selling.

Understand the legal and ethical dimensions of employment practices, including the prohibition of discrimination and harassment.

Comprehend the importance of ethical behavior in building professional relationships and trust with clients.

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Definitions:

Sporting Goods Store

A retail business that specializes in selling equipment, clothes, and other items related to sports and outdoor activities.

Purpose

The reason for which something is done or created or for which something exists, often providing motivation or direction.

Goals

Targets or objectives that a person or organization aims to achieve.

Abilities

The competency or skill sets that an individual possesses, enabling them to perform various tasks or activities.