Using Profit as the Sole Guide for Corporate Action Can

question 49

Multiple Choice

Using profit as the sole guide for corporate action can lead to:

• A)increased short-run and long-run profitability.
• B)short-term profits but long-term loss of customers.
• C)long-term profitability but short-term losses.
• D)increased corporate social responsibility.
• E)an increased customer base in the long run.

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Definitions:

Servant Approach

A leadership philosophy centered on serving others first, focusing on the growth and well-being of team members and the communities to which they belong.

Authoritarianism

A leadership style characterized by strong, central control and limited personal freedoms.

Antecedent Conditions

Factors or circumstances existing prior to a specific event, situation, or action that help in understanding its causes.

Leadership Outcomes

The consequences or results of leadership actions, which can include team performance, employee satisfaction, and organizational success.