The Moral Case for Why a Company Should Actively Promote

question 8

Multiple Choice

The moral case for why a company should actively promote the betterment of society and act in a manner benefitting all its stakeholders

• A) is based on the principle of treating people fairly and with respect.
• B) is based on the conviction that improving the well-being of society ranks higher in priority and is certainly nobler than making a profit and serving the interests of shareholders.
• C) boils down to "it's the right thing to do."
• D) rests on the principle that a business is duty bound to fulfill its social contract to serve the interests of all stakeholders in a business enterprise.
• E) is based on the principle that business activities lack real legitimacy and have few socially redeeming qualities unless and until a company exerts a significant and sincere effort to give something back to the community.

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Definitions:

Required Production

The quantity of goods a company needs to produce in a specific period to meet its sales goals and inventory requirements.

Budgeted Sales

Budgeted sales refer to the projected amount of sales (in units or revenue) that a company expects to achieve within a certain period, as outlined in its budget.

Credit Sales

Sales transactions in which the purchase amount is charged to the buyer’s account, to be paid at a later date.

Finished Goods Inventory

The stock of completed products that are ready to be sold to customers.