Profit-Making Firms Are About Creating Value

question 39

Multiple Choice

Profit-making firms are about creating value:

• A)this value is simply the profit generated at the end of the year.
• B)they must create value for several stakeholder groups if this is to result in sustainable long-term profit generation.
• C)value to some stakeholders (e.g. customers)may be difficult to quantify in money terms.
• D)both c and b.

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Definitions:

X-Rays

Electromagnetic radiation used in medical imaging to view internal structures of the body, particularly bones.

Fetal Exposure

Refers to the exposure of a fetus to substances, conditions, or influences in the womb that can affect development.

Neural Tube

The precursor to the central nervous system in vertebrates, which later develops into the brain and spinal cord during embryonic growth.

Nervous System

The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body, governing both voluntary actions like walking and involuntary ones like breathing.