After a Firm Has Identified the Various Stakeholders and Their

question 6

Multiple Choice

After a firm has identified the various stakeholders and their issues and gathered available data related to an ethical decision-making situation, __________ should engage in brainstorming and evaluation of alternatives.

• A) the senior managers most involved
• B) key customers
• C) elected officials
• D) all parties relevant to the decision
• E) any individuals with competing interests

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Definitions:

Substitutes

Goods or services that can be used in place of one another, where the consumption of one increases when the price of the other increases.

Pork

Refers to the meat derived from domestic pigs, used for culinary purposes.

Inferior Goods

Goods for which demand decreases as the income of the consumer increases, being replaced by more expensive alternatives.

Income

Income refers to the earnings received regularly from employment or investment sources.