In Which of the Following Steps of Ethical Decision Making

question 76

Multiple Choice

In which of the following steps of ethical decision making does a firm decide who the individuals and groups are that have an interest in the outcome of a decision?

• A)Identifying issues
• B)Promoting the firm's corporate social responsibility efforts
• C)Gathering information and identifying stakeholders
• D)Brainstorming and evaluating alternatives
• E)Choosing a course of action

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Definitions:

Transfer Payments

Payments made by governments to individuals without the expectation of a direct service or goods in return, often part of a social safety net.

Recessionary Periods

Times of economic decline marked by falling GDP, reduced employment, and decreased spending and investment.

Aggregate Demand

The complete call for goods and services across an economy, set at a particular price level and over a definite timeframe.

John Maynard Keynes

British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.