Which of the Following Statements Best Justifies Why a Company

question 41

Multiple Choice

Which of the following statements best justifies why a company should act in an ethical manner?

• A) The government will take action if a firm fails to act ethically.
• B) Acting ethically always maximizes profits in the short run.
• C) Acting ethically will help a company to prosper in the long run.
• D) The right thing to do is always the least expensive alternative.

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Definitions:

Pre-Civil War Elite

The social, political, and economic upper class in American society before the outbreak of the Civil War, often associated with slave ownership and large plantations.

Tenure Of Office Act

1867 law that required the president to obtain Senate approval to remove any official whose appointment had also required Senate approval; President Andrew Johnson’s violation of the law by firing Secretary of War Edwin Stanton led to Johnson’s impeachment.

Andrew Johnson

The 17th President of the United States, who served from 1865 to 1869, succeeding Abraham Lincoln and facing significant challenges during the Reconstruction era.