Corporate Managers Who Fail to Give Due Consideration to the Rights

question 10

Multiple Choice

Corporate managers who fail to give due consideration to the rights of employees and other concerned groups in the pursuit of profit are treating these groups as means to the ends of stockholders. This is unjust according to the ____.

• A)financial framework
• B)classical tradition
• C)rights-based ethical framework
• D)stockholder theory

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Definitions:

Nonlabor Income

Earnings derived from sources other than direct employment, including investments, interest, and property income.

Wage Rate

The fixed amount of compensation or payment made to an employee by an employer in return for work performed, typically expressed on an hourly, daily, or piecework basis.

Labor

The exertion of human energy, both bodily and cognitive, employed in generating goods and services.

Leisure

Free time when one is not working or occupied, which can be used for rest, entertainment, or activities one enjoys.