According to Archie Carroll,the Responsibilities That Management of a Business

question 47

Multiple Choice

According to Archie Carroll,the responsibilities that management of a business organization assumes which are purely voluntary obligations are

• A) legal responsibilities.
• B) ethical responsibilities.
• C) financial responsibilities.
• D) economic responsibilities.
• E) discretionary responsibilities.

---

Definitions:

Strategic Behavior

Self-interested economic actions that take into account the expected reactions of others.

International Cartel

An agreement among businesses or countries from different countries to control prices, limit competition, or divide markets.

Fix Prices

The practice of setting and maintaining prices at a certain level, often agreed upon by competitors or mandated by regulation, rather than allowing them to be determined by market forces.

Intel

A leading multinational corporation that specializes in the development of semiconductor chips and microprocessors used in computers.