Which Ethical Criterion Is Described by the Idea That a Company

question 16

Multiple Choice

Which ethical criterion is described by the idea that a company should strive for efficiency?

• A) Egoism.
• B) Benevolence.
• C) Principle.
• D) Business-centered.

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Definitions:

Industry

A classification that refers to a group of companies that are related based on their primary business activities.

Local Storage

A method of storing data or products in a nearby location for quick access and reduced transportation time, enhancing efficiency and responsiveness.

Delivery Cost

Pertains to the expenses incurred in transporting goods from one location to another, including shipping fees, fuel charges, and labor.

Faster Response

The ability to react and adapt quickly to changes in the market or customer demand, often enhancing customer satisfaction and competitive edge.