When Making Decisions,managers Often Have to Decide Between Doing What

question 35

Multiple Choice

When making decisions,managers often have to decide between doing what is beneficial for them (and possibly the firm) in the short run,and doing what is right and beneficial for the firm and for society in the long run.To address this conflict,a firm:

• A) must evaluate its quarterly profit statement from an ethics standpoint.
• B) must state its long-term goals in general terms,so as to not interfere with managers' short-term goals.
• C) must always put society's needs ahead of the firm's needs.
• D) must ensure that long-term goals are aligned with the short-term goals of each individual within the firm.
• E) all of these.

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Definitions:

Abnormal Behaviors

Actions or behaviors that deviate significantly from what is considered typical or normal within a culture or society.

Technology

The application of scientific knowledge for practical purposes, especially in industry and improving human life.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make contributions to their community.

Positive Psychology

A branch of psychology focused on the study and enhancement of positive human functions, well-being, and flourishing.