What Is the Primary Lesson to Be Learned from the Economic

question 56

Multiple Choice

What is the primary lesson to be learned from the economic scandals of the early 21^st century?

• A)Businesses' reputations depend on more than profits
• B)Ethical conduct and corporate social responsibility are very important
• C)Most businesses can focus on their bottoms lines,to the exclusion of other factors
• D)A and B,but not C
• E)B and C,but not A

---

Definitions:

Business Variables

Factors that influence the outcomes of a business operation, such as sales volume, cost of goods sold, and operational expenses.

Management By Exception

A management style where leaders step in only when performance deviates significantly from set standards or expectations, allowing for autonomous operation under normal conditions.

Qualitative Analysis

A method of assessment that focuses on the quality and characteristics of materials rather than numerical measurements.

SWOT Analysis

A strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.